Sunseap gets US$10.6m loan for solar projects in Singapore

This includes the world's largest solar PV system installed in a port.

Sustainable energy provider Sunseap Group has received a SG$15 million (US$10.6m) loan from United Overseas Bank (UOB) for a series of solar projects in Singapore.

These 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.

To-date, Sunseap has more than 160 megawatts of contracted solar project capacity in Singapore, which has been deployed or is in the course of being deployed. Some of its clients include Apple, Housing Development Board, Singapore American School, Raffles Institution, the United Technologies Group and ABB.

Sunseap also has a pipeline of overseas projects in Cambodia, India, Thailand, Vietnam, Malaysia and Australia.

In Cambodia, Sunseap has received the backing of the Asian Development Bank to build the country’s first large-scale solar power farm. The farm is expected to begin operations in August this year.