ING to provide Sunseap with SGD 50 million loan for rooftop solar projects
Post date: 03/04/2019 - 20:56
Singapore based clean energy provider Sunseap Group has sealed the first green loan in Asia that is compliant with LMA/APLMA Green Loan Principles for a portfolio of rooftop solar projects. Dutch ING will provide Sunseap with SGD 50 million (USD 37 million) which will be used to finance an approximately 50 MW portfolio of rooftop solar projects. These project will be developed and owned by Sunseap Commercial Assets Pte. Ltd., a subsidiary of Sunseap Group. The PV rooftop projects will range from approximately 100 kW to 5 MW in size, and will benefit from long-term Power Purchase Agreements with more than 20 international and domestic commercial and industrial corporates.