Keppel, Cleantech raise sustainable financing

By Pan Yue
24 Jun 2020

Singapore’s Keppel Infrastructure Trust and Cleantech Solar have raised S$700m ($502m) from a sustainability-linked loan and $75m from a green loan, respectively.

Keppel Merlimau Cogen, a 51:49 joint venture between KIT and Keppel Energy, has raised the seven year deal from DBS and OCBC Bank.

The facility, which is the first sustainability-linked loan in Singapore’s energy sector, has set carbon emission targets for the gas-fired co-generation plant. If the ...

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