UOB-backed U-solar to contribute to solar capacity target

The U-Solar programme generates close to 160 gigawatt hours of solar power across the region.

U-Solar, the solar energy programme of UOB, plans to meet Singapore's demand for solar energy over the coming years.

In a statement, the bank said it expects Singapore's annual power demand to grow in a rate of up to 3.1% over the next decade, increasing the demand for solar energy to be a part of the overall energy mix.

To meet this goal, U-Solar will facilitate the generation of no less than 51,000 megawatt hours of solar power in the city state.

"As a leading financial institution in the region, UOB recognises the role we can play in contributing to economic and environmental well-being. Through initiatives such as U-Solar, Asia’s first solar industry ecosystem, we provide a platform that helps drive the development of the solar power industry and promotes the use of renewable energy," UOB head of group wholesale banking and markets Frederick Chin said in a statement.

U-Solar operates in Singapore, Malaysia, Indonesia, and Thailand.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

Specialty chemicals manufacturing facility on Jurong Island for sale

The fully equipped facility is clean and ready to be recommissioned.

Commercial Property

8 hours ago

September surge masks looming export slowdown to 6% in 2027

Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.

Economy

12 hours ago

Nearly half of workers report six or more unpaid hours a week, report says