Energy Transition: Enabling Singapore Small and Medium Enterprises to Go Solar

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Case

Reference no. W34499

Subject category: Finance, Accounting and Control

Authors: Weina Zhang (National University of Singapore Business School, National University of Singapore); Vigilia Ang (Ivey Publishing, Western University); Yannis Yuan (Ivey Publishing, Western University)

Published by: Ivey Publishing

Originally published in: 2024

Version: 2024-02-20

Length: 17 pages

Data source: Field research

Topics: Sustainable finance; Energy transition; Small-medium enterprises; Clear energy; Finance; Sustainability

Tags: UN Sustainable Development Goals (UN SDGs): Goal 7: Affordable and clean energy; Goal 13: Climate action

Share a link: https://casecent.re/p/197448

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Abstract

Green Consultant, a Singapore-based environmental consulting firm, had worked with several financial institutions before 2023 and was aware that many were interested in expanding their loan portfolios to include more environmentally inclined clients. In January 2023, one such client, a Singapore-based small and medium enterprise (SME) named Chang & Lee Manufacturing (CLM), approached Green Consultant to prepare a business proposal on how the SME could transition to solar energy. A green finance analyst at Green Consultant had one month to deliver a proposal to CLM. He had to consider the type of solar business model, the financing option, and the CLM stakeholders to engage, alongside CLM's operational and financial conditions, to recommend the most economically feasible solar solution for CLM.