Sunseap receives US$10.7 million UOB funding for commercial solar in Singapore

Facebook
Twitter
LinkedIn
Reddit
Email
The funding will be diverted to install the world's largest solar system at a commercial Port, as well as a system at Panasonic. Source: Panasonic

Leading South East Asian renewable energy firm Sunseap has received US$10.7 million (SGD$15 million) from the United Overseas Bank (UOB) for commercial solar projects in Singapore.

The funds will be used for the development of a 9.5MWp PV system at the Jurong Port and will constitute the world’s largest solar system installed at a port, according to the developer. The funding will also be used to develop a 2.4MWp commercial solar system at Panasonic.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“We are delighted to have received the support of a forward-thinking organisation such as UOB, one that is known for their strong support of SMEs,” said Lawrence Wu, co-founder and director of Sunseap. “The loan demonstrates UOB’s confidence in the solar industry in general and Sunseap in particular. “We are optimistic of the prospects for renewable energy in Singapore and the region, and believe that more enterprises in Singapore will embark on green initiatives.”

Eric Tham, head of group commercial banking, UOB, added: “As a leading bank in Asia, UOB is committed to supporting investments, such as clean technology projects, that contribute to the sustainable development of economies and communities. We are pleased to be funding solar-powered initiatives that will help reduce the carbon footprint of companies in Singapore.”

To date, Sunseap has developed more than 160MW of solar in Singapore – both operational and under construction. The company has also developed a pipeline of solar in other South East Asian countries such as India, Thailand, Malaysia, and Vietnam. Most recently, Sunseap developed Cambodia’s first ever large-scale solar farm, with funding from the Asian Development Bank (ADB).

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
September 15, 2025
Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider. 
September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines