UOB supports SP Group in expanding its sustainable energy solutions business.
Manaswin Winichaikul Assistant Managing Director, Corporate Banking, UOB Bank Thailand., Weeraanong Jira Nakhon Phutrakul Managing Director Deputy CEO Wholesale Banking UOB Bank Thailand, Benjamin Tay Chairman of the Board, Singapore Power Energy (Thailand) under... SP Group, Seraphina Ho Chief Financial Officer, Singapore Power Energy (Thailand) under... SP Group participated in the signing ceremony to support green project financing. The bank structured the loan as a Senior Secured Green Project Finance Loan, aligning with recognized green finance principles, to support SP's long-term business expansion strategy in Thailand. Currently, SP owns and manages green energy infrastructure assets across various business sectors throughout Thailand. The proceeds from the financing will be used to invest in eligible green infrastructure assets under a non-recourse loan structure, supporting project development from the initial stages to full commercial operation.
Within its comprehensive financial solution, UOB Thailand also utilized interest rate hedging tools denominated in Thai Baht to manage interest rate volatility and enhance cash flow certainty throughout the loan term.
Mrs. Weeraanong Jira Nakhon Phutrakul The Managing Director, Deputy CEO and Wholesale Banking of UOB Thailand, stated, “This transaction reflects our capability to support regional clients with comprehensive financial solutions covering a wide range of asset sizes and types. As organizations across ASEAN continue to expand across borders, UOB is well-positioned to combine country-specific expertise with the strength of our regional network to support the sustainable development of infrastructure.”
Mr. Benjamin Tay The Chairman of Singapore Power Energy (Thailand) under SP Group stated, “UOB has been a key financial partner of SP for a long time, providing financing for our projects in Singapore. This time, UOB is also supporting our business expansion in Thailand. This collaboration reinforces SP’s commitment to driving energy transformation for our customers, while also supporting Thailand’s sustainability goals.”
UOB Bank provided its first green loan to SP in 2564 and has provided green loan support for the development project of the Labrador Tower in Singapore, a highly energy-efficient building, in 2566.
UOB is committed to supporting the ongoing funding of sustainable infrastructure projects, aligning with SP Group's strategy of focused, responsible growth through investments in green infrastructure that create long-term value and support Thailand's carbon reduction goals.
