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DFDL assists Sunseap Energy on Cambodia’s first utility-scale solar project

DFDL is acting as local counsel for Singapore-based Sunseap Energy in relation to the development of a 10MW solar farm project in Bavet, Cambodia, the first of its kind in the developing nation. The DFDL team have assisted Sunseap with the establishment of the project company and advised on the lending and security package, in-part relying on a 20-year power purchase agreement signed with Electricite Du Cambodge. Funded by the Asian Development Bank and the Strategic Climate Fund, the project is expected to reach financial close within the next month.

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