BECIS-Symbior obtains a green loan from UOB

The green project loan represents a major step in sustainable financing for UOB Thailand as part of its U-Solar program.

Solar energy company BECIS-Symbior has secured a baht 1.26 billion green project finance loan from UOB Thailand to fund its portfolio of on-site solar photovoltaic (PV) projects.

The deal, which will fund a total of up to 75 megawatt peak (MWp) of installed capacity, is the largest portfolio financing in Thailand’s commercial and industrial solar sector to date.

BECIS-Symbior’s photovoltaic projects, when they are at their maximum production, will help reduce up to 41,000 tonnes of greenhouse gas emissions each year. The loan will also allow BECIS-Symbior to expand its ongoing efforts to promote adoption of clean energy solutions and provide more affordable energy-as-a-service solutions for commercial and industrial customers.

Collaboration with BECIS-Symbior marks an important step in the sustainable financing of UOB Thailand as part of its U-Solar program, Asia’s first integrated solar energy platform in major South Asian markets -Is UOB. This is part of UOB’s sustainable smart city finance framework, which guides the bank’s financing efforts to support the development of smart and sustainable cities in the region.

“BECIS-Symbior’s mission is to support our customers in their efforts to reduce their environmental footprint and achieve their sustainable development objectives while reducing their operating costs,” said Florian Bennhold, CEO of BECIS-Symbior. “The efficient and unique portfolio financing structure provided by UOB Thailand, combined with the unique expertise of BECIS-Symbior in the supply and operation of solar photovoltaic plants, allows us to offer the most competitive prices for energy. renewable to commercial and industrial customers in Thailand. consolidates BECIS-Symbior’s leadership in Thailand as a provider of clean energy solutions as a service. “

The loan received the award for best green loan in Thailand, Sustainable Finance at the Asset Triple A Country Awards 2020.

“BECIS-Symbior’s green project finance loan from UOB Thailand represents an important step in the development of our activities in the country,” said Kunal Mehta, CEO of BECIS. “The partnership with UOB Thailand not only demonstrates the strength of our business, but also reinforces our goal of providing high quality service and added value to our customers. “

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