UOB provides a 1.6 billion baht green loan to SP Group to expand its sustainable energy solutions business.

UOB supports SP Group's expansion of its sustainable energy solutions business in Thailand with a Green Project Loan.

July 30, 2569 – UOB Thailand is providing a green project loan to SP Group (SP), a leading energy utility provider in the Asia Pacific region, with a maximum loan amount of 1,650 million baht (approximately US$50 million) to support SP's expansion of its clean energy solutions business in Thailand.

This funding reinforces UOB Thailand's role as a regional financial partner for leading infrastructure and energy clients, such as SP Group, through facilitating cross-border capital flows and the development of sustainable growth platforms in ASEAN.

The bank has structured this facility as a Senior Secured Green Project Finance Loan, in line with accepted green finance principles, to support SP's long-term business expansion strategy in Thailand. SP currently 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 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. Veeranong Chiranakorn Phutrakul, Managing Director, Deputy CEO and Wholesale Banking, UOB Thailand “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, Chairman of Singapore Power Energy (Thailand) under SP Group. “UOB has been a key financial partner of SP for a long time, providing financing for our projects in Singapore, and now UOB is also supporting our business expansion in Thailand. This collaboration reinforces SP’s commitment to driving energy transition for its customers, while also supporting Thailand’s sustainability goals.”

Strengthen cooperation between UOB and... SP Group in ASEAN

SP Group is one of the leading power utility providers in the Asia Pacific region and is continuously expanding its sustainable energy solutions business across the region. This transaction reflects the strong collaboration between UOB Bank and SP, facilitating SP's expansion in Thailand through financing solutions aligned with the scale, timeframe, and risk of its clean energy infrastructure assets.

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.