Sunseap Green Finance Framework
Under this framework, Sunseap and its subsidiaries will be able to raise green financing instruments (including green loans, green bonds or other debt instruments) to finance or refinance green projects in three eligible areas: renewable energy, energy efficiency and green roof systems. These can include renewable projects including rooftop solar, run-of-river hydro and wind energy; energy efficiency projects for example smart grids, battery storage and LED lighting retrofits, as well as roof-top greenery projects.
Sustainalytics, a leading independent ESG and corporate governance research, ratings and analytics firm, was engaged to provide a second party opinion on Sunseap’s Green Finance Framework. Its report concluded that the framework is credible and impactful, and contributes to UN Sustainable Development Goals (SDGs) 7: Affordable and Clean Energy and 11: Sustainable cities and Communities.
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Sunseap secures SGS$43 million Green Loan from UOB
Sunseap secured a SGD$43m green loan from United Overseas Bank (UOB) 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. 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.
Clean Energy Investments
Backed by reputable and credible financiers, Sunseap has developed and contributed to the development of the clean technology sector in Singapore and beyond. Till date, we have secured capital to fund our portfolio of solar projects of several hundred Megawatt-peak.
Sunseap has also forged long-term relationships with strategic partners such as EDB, IE Singapore, SPRING Singapore, SERIS and DNV.
Growth through Partnerships
Sunseap appreciates the value of quality partners. We recognize that ideas and innovations make the difference. Feel free to drop us an email at email@example.com if you are a prospective supplier or contractor.