Malaysia’s Petronas secures ‘green finance’ facility for UAE solar unit

Dubai: Standard Chartered has completed its first green trade finance facility to support Amplus Dubai, a subsidiary of Malaysian oil giant Petronas. The financial value of the transaction was not disclosed.

According to Sanjeev Aggarwal, Managing Director and CEO of Amplus Solar, “Moving ahead with the green financing facility, we are confident that we can further expand our green footprint across new regions and support companies in achieving their sustainability goals.”

Standard Chartered’s newly introduced sustainable trade finance proposition allows the bank to support: