Lending for Renewable Energies Lending for Renewable Energies



The advancement of renewable energies is one of the main fields of activity of the Mittelstandsbank segment. This segment has become increasingly important in Germany once the energy policy decision was taken to shift away from nuclear power. For more than 30 years now Commerzbank is active in the field of financing renewable energies. 2003 Commerzbank founded its Competence Center Energy in Hamburg, which is today one of the largest funders of renewable energies. Core business is providing finance for wind farms and solar parks operated by institutional investors, municipal utility companies, energy conglomerates and private investors. Commerzbank supports the funding of such plants through non-recourse project finance in Germany and abroad.

Ever since the mid-1980s, the core of Commerzbank's sustainable investments portfolio comprises business and project finance for renewable energy sources along the whole value chain. This commitment is not only of benefit to the environment and climate. Green energies are an attractive growth market and German technology companies are global leaders in this field. In the past few years, these companies have created some 380,000 new jobs in Germany alone and this figure is expected to rise to half a million by 2020.