Sunseap secures $43m green loan from UOB

It will fund 37MWp of solar PV installations at 210 sites.

The renewable energy firm, Sunseap, has secured a $43m green loan from United Overseas Bank (UOB) to boost the use of solar power in Singapore.

The green loan will be used to fund the installations of solar photovoltaic (PV) systems on the rooftops of 210 sites, from commercial and industrial to government premises. Collectively, the sites have a total solar capacity of 37 MW-peak that can supply enough energy to power more than 9,600 4-room housing development board (HDB) flats for one year.

Sunseap has previously worked with Sakae Holdings, a Singapore-based food and beverage company (F&B), to install solar PV systems. In the client’s headquarters in Tai Seng, the 270kWp solar energy system has 1,400 solar panels that can generate up to one-third of the building’s energy needs.

Established in 2018, the green loan, in an agreement with Sunseap Green Finance Framework, will tap various financing instruments to fund its projects and businesses with environmental benefits, mainly on the areas of renewable energy, energy efficiency and green roof systems.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

This got the nod from industry players at Ubisoft Singapore x Gamescom.
This is due to the planned reopening of Singapore’s borders and economy.
This is according to a joint report by SNEF & Kincentric.
DBS expects 150 talents to take part in this initiative.
The country ranked first in innovation input and investment sub-indeces.
Singtel showed the most growth.
Its net promoter score rose 35% in 2021 from end-2020.
This is the first time that the insurance industry has taken the lead against banks.
The initiative is directed towards the promotion of intergenerational dialogue.
This is the result of CapitaLand Limited’s restructuring efforts.
MOM, MND, and MOH were in charge of developing the standards.
Two nightlife establishments were revoked of their food licenses.
Mapletree companies showed the most growth.