This transaction is Singapore’s first transition finance deal that is aligned with the Singapore-Asia Taxonomy for Sustainable Finance (SAT) and the Asia Pacific Loan Market Association’s Green Loan Principles.
YTL PowerSeraya (YTLPS) has announced a series of partnerships focused on the energy transition at the start of Singapore International Energy Week (SIEW) 2025 on Oct 27, including a $500 million transition finance deal from three banks.
DBS Group Holdings, Maybank and Oversea-Chinese Banking Corporation (OCBC) have extended $500 million in transition financing to YTLPS for the development of its 600-megawatt (MW) hydrogen-ready combined cycle gas turbine (CCGT) plant at Pulau Seraya Power Station, targeted to be built by end-2027.
