Seatrium bags $400m sustainability loan from UOB

Last year, the group secured over $2b worth of sustainability-linked loans.

Seatrium unit, Seatrium Financial Services (SFS) has secured a $400m Green Revolving Loan Facility from UOB.

The facility will support Seatrium’s growth in the renewables space by financing its sustainable projects and achieving its ESG targets over time.

In 2023, Seatrium secured over $2b in sustainability-linked loans and green financing. The group aims to target 40% of its net order book to comprise greener solutions and renewable energy sources by 2030.

"Seatrium is pleased to partner with UOB on our inaugural green loan facility that will enable us to unlock new opportunities to scale our business ambitions in maritime and offshore renewables. UOB's strong support for our green financing efforts underscores their commitment towards sustainable development, a key step towards driving positive change in clean energy transition,” Mr Adrian Teng, Seatrium’s Chief Financial Officer said.