Power & Utilities

Power & Utilities

Enabling Asia’s energy transition

Power & Utilities

Enabling Asia’s energy transition

At a glance

DBS Power & Utilities industry coverage is at the forefront in providing innovating solutions to support Asia’s energy transition.

As the leading financial services group in Asia, our expertise encompasses financing solutions for lower carbon infrastructure such as LNG to power, as well as the entire range of renewable energy technologies comprising of Onshore and Offshore Wind Farms, Land-based and Floating Solar projects, Hydro, Geothermal and Hybrid projects. We advise and provide solutions for distributed generation and new technologies such as hydrogen, battery storage and energy efficiency.

Our impact

Enabling Asia’s growing power demand using clean energy is important to fight the war against climate change.

3,000 MW renewable energy projects financed

3,000 MW renewable energy projects financed

US$3.6 billion clean energy projects financed

US$3.6 billion clean energy projects financed

11 countries’ energy transition accelerated

11 countries’ energy transition accelerated

power and utilities deal experience

Our solutions

Our strategy and solutions are underpinned by the belief that market forces will continue to drive the energy transition in Asia, which will result in a seismic shift to sustainable investing and driving momentum in green financing.

Renewable Energy Platforms

DBS supported Vena Energy, one of Asia’s largest Independent Renewable Energy producer through financial solutions tailored for Renewable Energy Platforms. DBS provided a bridge to bond and successfully led a US$325 million maiden Green bond issuance as Joint Global Coordinator.


Sustainable Investment & Financing

DBS played a key role in financing Singapore’s first Sustainability linked loan in the energy sector by way of a 7-year S$700m facility for Keppel Merlimau Cogen (1,300 MW combined cycle gas turbine power plant). DBS aligned its financial solution with the company’s sustainability goals by benchmarking the interest rate to the plant’s carbon emissions intensity targets against national indices.


Supply Chain and Digital Solutions

DBS structured a Green Guarantee Facility for Siemens Gamesa to issue Green Guarantees to support their supply of equipment and services for wind energy projects internationally, with unique features that promote and assure higher standards of sustainable sourcing and deployment. This supported the United Nations Sustainable Development Goals (SDGs) relating to "affordable and clean energy" as well as "climate action", and advances Siemens Gamesa and DBS’ commitments to sustainable development.

DBS’ award-winning Trade, Supply Chain and Digital solutions will help you streamline processes, reduce costs and bring efficiencies in the ecosystem.


Strategic Advisory and Finance

DBS was the Joint Global Coordinator and played the leading role in securing USD 500m 5-year tranches green bond and USD 500m 10-year tranche senior bond to further State Development & Investment Corp (SDIC) offshore clean energy developments. We also provided Bridge to Bond solution to SDIC to support their offshore clean energy acquisitions.


Structured, Leverage and Acquisition Finance

DBS played a key role as the Lead Debt Financing Coordinator in the acquisition financing of one of the world’s largest Geothermal Assets in Indonesia, by Star Energy. DBS executed a solution in a complex market which offered few comparables in Asia. With a total capacity of 648MW, the deal won us the PFI Renewable Deal of the Year and The Asset Best M&A Deal of the Year 2017.


Innovating Renewable Energy Project Financing

DBS advised and provided an innovative financing on a limited-recourse basis for an emerging technology in the solar power space for Chenya Energy’s floating solar PV project in Taiwan; one of the largest floating solar PV projects in the World with 570,000 solar modules (180MW)

DBS also advised and financed one of the largest corporate PPA backed ground mounted solar project in Taiwan for Vena Energy.


Our current mandates
Singapore
  1. Advising an Asian renewable energy platform company on raising Mezzanine debt
  2. Advising Singapore power utility client on demerger of a non-core business
  3. Buy side advisory for a potential acquisition in the Singapore power market
Indonesia

Advising a European client on hybrid projects in Indonesia which are being set up as demand response solution for grid management or off-grid solution to bring power to remote unconnected areas

Vietnam
  1. Advising an Asian Client on the business model for a Roof Top Solar distributed generation business
  2. Advising a European client on utility scale renewable project
Myanmar

Advising an Asian client on financing options for an LNG to Power project

Australia
  1. Financing a battery storage facility which is set up as a facility frequency response / grid stabilisation facility
  2. Financing a greenfield utility scale solar farm for Asian investor underpinned by contracted revenue stream from a State government owned utility.
Client stories

Green Bonds - Financing the fight against climate change

More than just numbers, Green bonds deliver much-needed investment and services that help uplift whole communities. Learn how DBS, together with Vena Energy is approaching the fight against climate change through sustainable financing.


Awards
The Asset Infrastructure Awards

The Asset

Infrastructure Awards

  • Project Finance House of the Year, Singapore, 2017 - 2020
  • Project Finance Advisory House of the Year, Asia, 2019 
GTR Best Deals 2020

GTR Best Deals

  • Yunlin (Wind Power) Project, Joint Lender, 2020 
  • Cofco International: Sustainability-linked Facilities, Joint Lender, 2020 
The Asset Infrastructure Awards

The Asset

Infrastructure Awards

  • Project Finance House of the Year, Singapore, 2017 - 2020
  • Project Finance Advisory House of the Year, Asia, 2019 
GTR Best Deals 2020

GTR Best Deals

  • Yunlin (Wind Power) Project, Joint Lender, 2020 
  • Cofco International: Sustainability-linked Facilities, Joint Lender, 2020 
Research & insights
  • COVID-19 and the Energy Transition Landscape

    Renewable energy emerges relatively unscathed from the pandemic.

    Read more
  • The growing opportunities of floating solar

    Find out about DBS’ involvement in one of the world’s largest floating solar projects in Taiwan.

    Watch now
  • Live more Sustainably - Vena Energy

    DBS sets the benchmark for future financing with Taiwan's largest ground mount solar plant.

    Watch now
View all research & insights
Our industry experts

Lim Wee Seng, Managing Director & Group Head of Energy Chemical & Infrastructure and Project Finance
 

Wee Seng’s expertise spans project and structured asset-backed finance across Asian markets for both merchant and IPP/Captive business models, PPPs and oil and gas (including LNG).


Hong Teck Khiam, Managing Director and Head of Power & Utilities
 

Teck Khiam leads the Power & Utilities industry coverage for DBS Bank. He leads a team of 12 specialized industry bankers to support DBS Bank’s global franchise Teck Khiam started his career with the Monetary Authority of Singapore. Thereafter, he had several years of regional project finance experience with Sumitomo Bank, Barclays Capital, ANZ Bank and DBS Bank.


Get in touch
Call

Call

From overseas: +65 6222 2200
In Singapore: 1800 222 2200
Operating hours: 8.30am to 8.30pm, Mon - Fri (excluding PH)