Power & Utilities
Enabling Asia’s energy transition
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 Australia in financing the development of its 100MW/150MWh Li-On Battery Energy Storage System in Wandoan South, Australia. DBS acted as a Mandated Lead Arranger and Modelling Bank, also advising and assisting on deal structure, and ESG monitoring requirements to meet Equator Principles IV requirements. “As one of the Mandated Lead Arrangers and Modelling Bank, DBS has been instrumental for the delivery of this landmark project financing, the first of its kind in the Asia Pacific region”, said Anil Nangia, Head of Vena Energy Australia. “The Wandoan South BESS is the first utility scale battery project in Australia that has not received any government assistance, and Vena Energy has worked closely with DBS and the other Mandated Lead Arrangers to bring the project to financial close”.
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.