A league table compiled by the Infrastructure Journal has revealed the Royal Bank of Scotland to be the biggest financer of renewable energy projects in the UK for the second consecutive year.
RBS argued that its top position was gained after organising finance for renewable energy projects.
The bank was one of four commercial lenders to plough funds into the large-scale 367 MW Walney wind farm off the coast of Cumbria, and also supported smaller scale projects such as earmarking a £50m fund in 2011 for renewable projects on farms.
In addition, in 2012 the firm introduced a £200m Carbon Reduction Fund which aimed to offer loans at competitive rates to businesses to help them deliver improvements to energy efficiency.
A recent report by the Climate Policy Initiative outlined that institutional investors could become a significant source of capital for renewable energy projects over the next two decades, providing that policy barriers are reduced and that a range of attractive investment opportunities are presented.