Bird & Bird advises Terrenus Energy on Green Financing

International law firm Bird & Bird has advised leading provider of renewable energy solutions Terrenus Energy on securing a significant SGD $300 million (approx. £176.6 million) in green financing from a consortium of five banks led by DBS. The deal represents one of the largest renewable energy deployments in Singapore to date, accelerating the country's green ambitions.

The funding will enable the installation of photovoltaic panels in 1200 public housing blocks and 57 government sites, as well as commercial and industrial facilities. The panels will provide power to common areas at the installation sites, contributing to the Singapore Government’s objective of achieving a minimum of 2 gigawatts-peak of installed solar capacity by 2030.

The Bird & Bird team consisted of lead partners Niel Liebenberg (Finance & Financial Regulation) and Sandra Seah (Corporate), with support from associates Terrance Goh and Chelsea Chan (both Corporate).

On the transaction, partner Niel Liebenberg comments: “Congratulations to Terrenus Energy on closing the financing of this impressive solar project. It represents a significant step towards Singapore’s goal for renewable energy, representing one of the largest deployments in Singapore to date. We are proud to have represented Terrenus Energy in this landmark transaction. It was a wonderful experience working with the Terrenus team and the financing consortium and their counsel.”

Terrenus Energy CEO Charles Wong says: "The funding will enable the installation of photovoltaic panels in around 1200 (exact number is 1,198) public housing blocks and 57 government sites as part of the SolarNova programme by Singapore's Housing & Development Board and Economic Development Board, as well as commercial and industrial facilities. The panels will provide power to common areas at the installation sites, contributing to the Singapore Government’s objective of achieving a minimum of 2 gigawatts-peak of installed solar capacity by 2030."

Established in 2016, Terrenus Energy is a leading clean energy solutions provider in Singapore specialising in the design and development of renewable energy systems and technologies. Its aim is to expand renewable deployment in the region through innovative solutions, driven by its dedication to the global movement against climate change and the support of its government and corporate partners.

 

News & Deals

More News & Deals

News

Bird & Bird boosts Finance & Financial Regulation practice with arrival of new partner Andries Doets in the Netherlands

Oct 15 2024

Read More

Deal

Bird & Bird advised Tata Advanced Systems Limited on its strategic partnership with the Kingdom of Morocco’s Royal Armed Forces for the local production of Wheeled Armoured Platform combat vehicles

Oct 14 2024

Read More

News

Bird & Bird bolsters Milan Corporate team with the arrival of M&A and Private Equity expert Giovanni Gazzaniga

Oct 14 2024

Read More

News

Bird & Bird advises Paladin Capital Group on Constructive Bio’s $58m Series A Financing

Oct 11 2024

Read More

News

Bird & Bird strengthens London Tax practice with the hire of Jesse Dalton as partner

Oct 10 2024

Read More

Deal

Bird & Bird advises Forbion on £35 million Series A Financing in LoQus23 Therapeutics

Oct 10 2024

Read More