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Sunseap secures $85.8 mil green loan from DBS and UOB for Singapore's largest clean energy project

Felicia Tan
Felicia Tan11/1/2021 3:16 PM GMT+08  • 3 min read
Sunseap secures $85.8 mil green loan from DBS and UOB for Singapore's largest clean energy project
Of the loan amount, DBS and UOB will each provide $42.9 million utilising Sunseap’s green financing framework.
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Sunseap Group has secured an $85.8 million green loan facility from DBS Bank and UOB Bank on Nov 1.

The loan facility will finance its SolarNova4 project to install solar photovoltaic (PV) systems across over 1,200 public housing blocks and 49 government sites.

The project has a capacity of 70 MWp and is estimated to generate 96,775 MWh, which is equivalent to powering some 20,400 four-room HDB flats.

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