Metis Energy Limited announced that it has secured a USD 45 million syndicated senior secured green loan from DBS Bank Limited and United Overseas Bank Limited. The loan will be used to finance the development of rooftop solar projects in Vietnam and Indonesia, allowing Metis' wholly-owned subsidiary, Athena Energy Holdings Pte. Ltd. to expand its pipeline of Commercial and Industrial ("C&I") rooftop solar projects, and contribute to more sustainable economic development.

The green loan will enable Metis to speed up the development of its pipeline of C&I solar projects in Vietnam and Indonesia that supply electricity to industries such as garment, shoe manufacturing as well as agricultural trading. Metis has 30.15 megawatts (MW) of operating rooftop solar projects in Vietnam. This transaction represents a strategic alignment with DBS and UOB's objectives to support and foster growth in the sustainable development of the C&I segment in Southeast Asia, where green financing offered by local banks is still in its early stages.