UOB ties up with solar power firms for energy packages

Consumer packages cover services for installation, commissioning, operations, and after-sales.

United Overseas Bank (UOB) collaborates with three homegrown solar companies, SolarGy, SolarPVExchange and Sunseap Group, to accelerate the use of solar energy in Singapore, the company announced.

The tie-up is part of the bank’s U-Solar programme, where UOB aims to help businesses and consumers easily switch to solar power.

The programme is in support of the government’s target to increase Singapore’s solar capacity by about eight times to 2GW by 2030

Also read: Singapore to deploy 2GW of solar power by 2030

Under the collaboration, business and home owners will be able to adopt solar energy by choosing from a slew of packages in the installation, commissioning, operations and after-sales services for solar power systems provided by SolarGy, SolarPVExchange and Sunseap Group.

To further ease adoption, UOB will assist consumers with the maintenance and costs of solar power installation.The bank will offer business owners solar equipment financing whilst home owners will be given an option to pay for power usage on a zero percent interest instalment plan of up to 36 months.