Facility part of nation’s push to achieve self-sufficiency in clean energy
10 Mar 2021 |
The Asset
Mitsubishi UFJ Financial Group’s banking subsidiary in Malaysia, MUFG Bank (Malaysia), announced that it acted as mandated lead arranger and sole green structuring adviser for a 342 million ringgit (US$83 million) syndicated financing facility for the development of a 100-megawatt (MW) solar plant located in Perak, Malaysia.
The deal, MUFG s second solar transaction in Malaysia, achieved financial closure in December 2020 and reaffirmed the bank’s commitment to supporting the country’s renewable energy development goals.
The Kerian solar plant, named after a district in northwestern Perak state, is commissioned by a consortium comprising local power company TTL Energy and ENGIE Asia-Pacific, the regional arm of the French multinational energy company Engie, which was one of the successful bidders under the third cycle of the large-scale solar scheme introduced by the Mal
MUFG Bank on Tuesday said that it has acted as sole green structuring advisor for a USD 333 million financing deal for SoftBank s latest and largest solar project in India. This marks the first green certification of a solar project loan for both the client and the country, and underscores both MUFG s sustainable financing capabilities as well as commitment towards partnering clients in their environmental, social and governance (ESG) objectives, said the company in a statement released in Singapore. The 900 megawatt-DC solar farm in the Phalodi-Pokhran Solar Park in Rajasthan is the seventh project in line to be commissioned by SB Energy Holdings Limited (SB Energy), a majority-owned subsidiary of SoftBank Group.