Terrenus Energy secures $300m green loan from DBS-led consortium

The company will use the loan for its solar project.

Terrenus Energy clinched a $300m green loan from a consortium of five banks led by DBS.

The other banks part of the consortium were Mizuho Bank, Ltd., Siemens Financial Services through Siemens Bank GmbH Singapore Branch, Shanghai Pudong Development Bank Co., Ltd. Singapore Branch, and China Construction Bank Corporation Singapore Branch.

The renewable energy solutions provider will use the loan to finance the installation of photovoltaic panels on some 1,200 public housing blocks, 57 government sites, and commercial and industrial facilities.

Terrenus Energy is on track to surpass 300 megawatts-peak in installed solar capacity with this latest project.