VAT Manufacturing solar PV installation.
KUALA LUMPUR: OCBC Bank (Malaysia) Bhd (OCBC Bank) and MFP Solar Sdn Bhd have concluded an agreement for the setting up of a RM100mil facility to finance the development of multiple rooftop solar photovoltaic plants.
The Malaysian Rating Corporation (MARC) had earlier performed a green loan assessment on the loan facility and assigned it a gold assessment.
In a joint statement issued by OCBC Bank and MARC on Monday, they had closed the externally reviewed multi-tranche green term loan facility for MFP Solar.
Each tranche of the Facility will be a standalone term loan that will exclusively finance the project cost of an eligible rooftop solar photovoltaic plant.
05/10/2021 | Press release | Distributed by Public on 05/10/2021 00:24
OCBC Bank and MFP Solar conclude agreement for Green Term Loan rated Gold by MARC, setting a new milestone for domestic sustainable financing market
Posted Date: May 10, 2021
Malaysian Rating Corporation Berhad (MARC) and OCBC Bank (Malaysia) Berhad (OCBC Bank) today announced the closing of an externally reviewed multi-tranche Green Term Loan Facility (Facility) for MFP Solar Sdn Bhd (MFP Solar). The agreement facilitates the establishment of a RM100 million Facility between OCBC Bank and MFP Solar which will be utilised to finance the development of multiple rooftop solar photovoltaic (PV) installations under a single master facility structure.