DBS converts $758m bank guarantee facility into green facility

now viewing

DBS converts $758m bank guarantee facility into green facility

February 25, 2020 Anand Gupta

China-Briefing-Investing-in-Chinas-Green-Industries

now playing

Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion - EQ

February 25, 2020 Anand Gupta

now playing

Uttar Pradesh govt looks to utilise water bodies for floating solar farms -EQ

February 25, 2020 Anand Gupta

now playing

Renewable energy can truly change the landscape: IRENA - EQ

February 25, 2020 Anand Gupta

now playing

Southern Railways invites bids for 1.2 MW rooftop solar projects -EQ

February 25, 2020 Anand Gupta

now playing

Jindal Stainless commits to science-based targets for achieving net zero -EQ

February 25, 2020 Anand Gupta

NTPC ranked as the top Independent Power Producers and Energy Traders Globally by S&P Platts

now playing

NGEL and ITL join alliance for green energy advancement - EQ

February 25, 2020 Anand Gupta

now playing

Inox Wind secures 210 MW wind power project from Hero Future - EQ

February 25, 2020 Anand Gupta

now playing

Amara Raja Infra Wins Greenko’s 700MWp Solar Project -EQ

February 25, 2020 Anand Gupta

now playing

PSU stock in focus after forming a JV with Assam Govt to generate renewable energy - EQ

February 25, 2020 Anand Gupta

Petition of BERC (RPO, its Compliance and REC Framework) Regulations, 2010

now playing

Petition for "Formulation of Regulations and Determination of Tariff for Green Energy Open Access Consumers" - EQ

February 25, 2020 Anand Gupta

Wind turbine maker Siemens Gamesa will issue green guarantees under the facility.

DBS has converted its $758m (EUR500m) bank guarantee issuance facility with Spanish wind turbine maker Siemens Gamesa Renewable Energy into a green facility, according to a news release.

Under the facility, Siemens Gamesa will be able to issue green guarantees to support their supply of equipment and services for wind energy projects internationally. The firm has over 100 gigawatts of installed wind capacity and aims to be carbon-neutral by 2025.

Over the last two years, DBS has provided over $3b in financing and advisory services to the renewable energy sector across nine markets in Asia Pacific comprising onshore and offshore wind projects, as well as ground-mounted, rooftop and floating solar energy projects. In 2019, it closed about $5b in sustainable finance transactions comprising green loans, sustainability performance-linked loans and renewable energy financing.