MUFG leads private sector banks in Bloomberg's Annual New Energy Finance Rankings for the second consecutive year

Mitsubishi UFJ Financial Group, Inc. (MUFG), the world's fifth largest financial institution, has been ranked the number one global Lead Arranger for financing clean-energy and energy-smart technologies in 2017. This is the second consecutive year that MUFG has topped Bloomberg's annual New Energy Finance league table. The group has been placed first among private sector banks a total of six times over the past eight years.

In 2017, MUFG financed 63 clean-energy and energy-smart technology projects, totaling $4.3 billion in credits for a market share of 7.96%, according to Bloomberg. These figures represent a 19 per cent year-on-year increase from 2016, when MUFG led 53 deals for total credits of $2.9 billion.

Carol Gould, MUFG's Head of Power and Renewables for EMEA, said:

“It's clear that clean energy continues to grow from strength-to-strength and I'm delighted MUFG has been recognised again for leading the way. We are proud to partner with our clients to develop clean energy projects and energy smart technologies across the globe."

Among MUFG's most notable renewable projects in 2017 were:

• The 1,177 MW Sweihan solar Photovoltaic project, the largest Photovoltaic project globally (Abu Dhabi, U.S. $870 million)
• 288MW Butendiek Offshore Wind Farm refinancing (Germany, U.S. $60 million).
• The 530 MW Dominion Solar Projects III (U.S. $305.2 million)
• The 350 MW Cubico Solar Project (Mexico, $450 Million)
• The 332 MW Aela Wind Projects (Chile, $434.8 Million)
• The 300 MW Henvey Inlet Wind Project (Canada, CAD $945 million)
• The 148MW Ross River Solar Farm (Australia, AUD $170m)
• The 453MW Coopers Gap Wind Farm (Australia, AUD $670m)