UOB injects $15m funds for solar projects in Singapore

UOB injects $15m funds for solar projects in Singapore

The funding was given to Sunseap Group.

Singapore banking giant United Overseas Bank (UOB) lent $15m to Sunseap
Group for a series of solar projects in Singapore.

The projects include the 9.5 MegaWatt peak (MWp) solar photovoltaic (PV)
system at Jurong Port, the world's largest solar PV system installed in a
port, and the 2.4 MWp solar PV system at consumer electronics company
Panasonic.

UOB head of group commercial banking Eric Tham said the bank is supportive
of clean technology projects.

"UOB is committed to supporting investments, such as clean technology
projects, that contribute to the sustainable development of economies and
communities. We are pleased to be funding solar-powered initiatives that
will help reduce the carbon footprint of companies in Singapore," he said.

Sunseap director and co-founder Lawrence Wu said the loan demonstrates UOB's
confidence in the solar industry in general.

"We are optimistic of the prospects for renewable energy in Singapore and
the region, and believe that more enterprises in Singapore will embark on
green initiatives," he noted.

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Link to Original Article:
http://sbr.com.sg/energy-offshore/news/uob-injects-15m-funds-solar-projects-
in-singapore

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com