U-Solar to facilitate transition to renewable energy

[webfact]

U-Solar to facilitate transition to renewable energy

By THE NATION

 

Photo credit: UOB website

 

United Overseas Bank (UOB) recently launched U-Solar, the first solar industry ecosystem in the region, designed to power the development and adoption of renewable energy across Southeast Asia.

 

Through U-Solar, the bank connects businesses and consumers across the entire solar power value chain and helps them play their roles in an collective move towards transition to a low-carbon economy.

 

Malaysia is the first country in Asean where UOB is rolling out its U-Solar ecosystem.

 

Through U-Solar, the bank offers a range of financial solutions in support of the solar power value chain: from solar project developers, engineering, procurement and construction (EPC) contractors to the end-users of solar power, including consumers and companies.

 

In supporting growth of the solar power industry, UOB provides solar project developers with solutions in green financing, such as sukuk, project loans and portfolio financing, as well as cash management services.

 

For EPC contractors, UOB offers end-to-end contract-based financing solutions, from bid bonds and letters of credit issuance to performance guarantees and working capital facilities.

 

Through U-Solar’s online portal, the bank also connects these industry players to potential customers seeking solar power solutions for their factories, offices or homes.

 

To promote the adoption of solar power by the end-users including companies and consumers, U-Solar offers a one-stop shop for them to plug easily into the services offered by UOB’s partners across the region. They can also tap UOB’s financing solutions for the installation, operation and maintenance of solar power systems based on their business or personal needs in making the switch to solar power.

 

Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, said: “A sustainable energy industry is key to maintaining healthy development of the economy and community. In working together with our ecosystem partners and customers to open up and to tap opportunities in the solar power industry, we can create a positive economic and social impact. It is in keeping with our joint responsibility to help in the region’s long-term economic, social and environmental well-being”.

 

Source: https://www.nationthailand.com/business/30377897

 

-- © Copyright The Nation Thailand 2019-10-31

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[bluesofa]

2 hours ago, webfact said:

Through U-Solar, the bank connects businesses and consumers across the entire solar power value chain and helps them play their roles in an collective move towards transition to a low-carbon economy.

If only I could follow in plain English what it is the bank is trying to do?

[yellowboat]

35 minutes ago, bluesofa said:

If only I could follow in plain English what it is the bank is trying to do?

Yes, some farmers just go to a hardware store.  They buy a panel or two, a charging unit, batteries and an inverter to get 220VAC for TV and done.  Many appliances run off of 12 and 24 Volts, so inverters are not even needed.  A wondrous time for off the grid living even if the banking jargon is baffling. 
 

 

 

[bluesofa]

11 minutes ago, yellowboat said:

57 minutes ago, bluesofa said:

If only I could follow in plain English what it is the bank is trying to do?

Yes, some farmers just go to a hardware store.  They buy a panel or two, a charging unit, batteries and an inverter to get 220VAC for TV and done.  Many appliances run off of 12 and 24 Volts, so inverters are not even needed.  A wondrous time for off the grid living even if the banking jargon is baffling. 

 

So does this mean the bank is lending them money to go off-grid:

3 hours ago, webfact said:

Through U-Solar, the bank offers a range of financial solutions in support of the solar power value chain:

 

[tjo o tjim]

They want to finance power purchase agreements for photovoltaic solar system installations.  Sounds like they have far too many MBAs in the process...

[mikebell]

The only way Thailand will join this fuel revolution is when the fat cats have decided how to dole out this new bonanza.  If UK can do it with its dire climate, think what benefits Thailand could reap.  Like the ever-lasting razor blade, Thai vested interests have bought patents for the sun!

[overherebc]

48 minutes ago, tjo o tjim said:

They want to finance power purchase agreements for photovoltaic solar system installations.  Sounds like they have far too many MBAs in the process...

Still need more TLA's

[VocalNeal]

4 hours ago, webfact said:

Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, said: “A sustainable energy industry is key to maintaining healthy development of the economy and community. In working together with our ecosystem partners and customers to open up and to tap opportunities in the solar power industry, we can create a positive economic and social impact. It is in keeping with our joint responsibility to help in the region’s long-term economic, social and environmental well-being”.

Has he by chance been to Brussels or ever met Ron Dennis?

[justin case]

you would think in a country with 12 hours a good strong sun per day, that thailand would have invested in this, but noooooooooooo

 

too much profit in black fumes, pollution, ...

[MAGA 2020]

2 minutes ago, justin case said:

you would think in a country with 12 hours a good strong sun per day, that thailand would have invested in this, but noooooooooooo

 

too much profit in black fumes, pollution, ...

Thailand is actually a country that solar would be cost effective, as you said with 12 hours of Sun. Other countries England comes to mind, not so much.

[Redline]

Good news