Cleantech Solar Asia Pte. Ltd’s $20 million loan

Norton Rose Fulbright has advised the Global Climate Partnership Fund on a US$20 million corporate loan to Singapore-based Cleantech Solar Asia Pte. Ltd., a solar-as-a-service solution provider which finances, installs, operates and maintains rooftop solar power plants for businesses in the Asia Pacific region.

The loan will allow Cleanteach Solar to finance more pan-Asia rooftop solar power plants which will in turn help corporates in the region to attain their goal of being sustainable and responsible business leaders, and also hedge against volatile power prices.

Managed by responsAbility Investments AG, an investment company that specialises in development-related sectors of emerging economies, the Global Climate Partnership Fund is an innovative public-private partnership that uses public funding to leverage private capital in order to mitigate climate change and drive sustainable growth in emerging markets.

The Norton Rose Fulbright team on the deal was led by Singapore partner Stephen Begley (Picture) and Bangkok partner Tassanai Kiratisountorn, and included senior associate Aditya Rebbapragada, and associates Hannah Logan and Tip-apa Limvichai.

Involved fees earner: Stephen Begley – Norton Rose Fulbright; Tassanai Kiratisountorn – Norton Rose Fulbright; Aditya Rebbapragada – Norton Rose Fulbright; Hannah Logan – Norton Rose Fulbright; Tip-apa Limvichai – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Global Climate Partnership Fund;