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DBS issues green loan for Rexus Bioenergy’s biomass plant in Jurong
The facility will be completed in H2 2026.
DBS has issued a green loan to fund Rexus Bioenergy’s biomass power plant in Jurong slated for completion by H2 2026.
The 13-megawatt facility will primarily use waste wood, such as wooden pallets, packing materials, and construction debris, as its fuel source.
The green electricity produced by the facility will be utilized to power a part of Google’s data centre operations in Singapore.
To secure its long-term economic viability, Rexus Bioenergy has entered into a 10-year virtual power purchase agreement with PacificLight Energy and Google.
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