DBS Bank ( Hong Kong ) has successfully closed a US$300 million sustainability-linked revolving loan ( SLL ) facility for SPIC International Finance ( Hong Kong ) and the offshore subsidiaries of the State Power Investment Corporation, collectively ( SPI Group ).

This bilateral facility will provide general corporate funding and working capital for SPI to achieve its sustainability performance target concerning overseas renewable energy capacity.

This transaction underscores, the bank states, its commitment and goal to continue supporting the energy sector’s transition towards a low-carbon future through sustainable financing. SPI Group, as one of the world’s largest renewable power generation enterprises strives towards low-carbon development and supports countries and regions of the Belt and Road Initiative ( BRI ) in increasing their installed capacity of green energy.

The bank’s SLL facilities are designed to offer timely and flexible financing to support the group’s priorities in renewable energy projects.

The successful conclusion of this SLL cooperation with the bank will effectively support the implementation of its overseas clean energy strategy and foster sustainable development collaboratively.

This financing will be used to advance the construction of wind power, photovoltaic ( PV ) and energy storage projects in countries and regions along the BRI, further expanding its green energy installed capacity.

Through such cooperation, the group aims to continuously increase clean energy supply capacity, accelerate its progress to become a world-class clean energy enterprise and contribute to the global green and low-carbon transition.

The bank actively integrates sustainable concepts into its products and services, promoting green finance through investment support, fund allocation, risk management and advisory services. This transaction also underscores the strong synergy between Hong Kong and mainland China, providing comprehensive and integrated services for key clients.

“This SLL reinforces our dedication to promoting sustainable finance and supporting our clients in fulfilling their sustainability objectives,” states Boris Chan, the bank’s managing director and head of institutional banking group. “We believe financial institutions have a pivotal role in driving sustainable development and are proud to collaborate with enterprises across Asia and facilitate their sustainability initiatives.”