The green loan will finance the installation of solar photovoltaic panels on some 1,200 public housing blocks and 57 government sites, as well as commercial and industrial facilities. According to a joint release by Terrenus Energy and DBS, this represents one of the largest renewable energy deployments in Singapore to date.
Singapore-based clean energy solutions provider Terrenus Energy has secured some $300 million in green financing from a consortium of five banks led by DBS (SGX:D05
) , according to a May 20 announcement.
DBS served as financial adviser and mandated lead arranger for the loan, alongside Mizuho Bank, Siemens Financial Services through Siemens Bank GmbH Singapore Branch, Shanghai Pudong Development Bank Co., Ltd. Singapore Branch and China Construction Bank Corporation Singapore Branch.
