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The Thai government has formulated the Energy Efficiency Plan (EEP) 2018 and an EE action plan aiming to encourage energy efficiency in its buildings. The EEP2018 specifies a target of 30% energy intensity reduction by 2037 (from 2010 figures). This commitment is supported by the Clean Technology Fund Investment Plan which is targeting US$300mn in financing to catalyse private sector investment to increase renewable energy share of commercial energy to 30%^.
UOB is the first bank in Asia to provide an integrated platform that simplifies the adoption of energy efficiency projects for building owners. With this platform, businesses can easily connect with U-Energy partners (energy service companies (ESCOs)) and finance their energy efficiency projects through the programme’s different financing options.
U-Energy and its partners support air-conditioning, chiller, elevator, energy and power management system, façade, lighting control and solar projects across commercial, industrial and public buildings.
^Source: https://www.climateinvestmentfunds.org/country/thailand
U-Energy and its partners support air-conditioning, chiller, elevator, energy and power management systems, façade, lighting control and solar projects across commercial, industrial and public buildings.
We've partnered with these ESCOs to support your energy efficiency projects for these building types:
Enjoy an average of 20%1 cost savings with a more energy efficient building.
Flexible financing to easily start energy efficiency projects for your building.
U-Energy partners will handle the assessment, installation and maintenance2.
U-Energy partners provide quality equipment for your energy efficiency needs.
Results are calculated based on the assumption that these enhancements would bring your building to the top 10% of the energy usage intensity range as detailed in Singapore's Building Construction Authority (BCA) Building Energy Benchmarking Report (Statistics and Figures) 2020, taking into account Thailand's electricity tariffs and other relevant adjustments. All results shown are estimates and for illustration purposes only. Actual figures may vary, depending on prevailing site conditions, energy usage behaviour, asset type and/or the replacement costs of the energy efficiency project undertaken.
Contracting Models | How you benefit |
Direct Purchase | • Own the equipment or system • Get realised tax benefits and greater savings on electricity utility • Potential market value increase of your building • Finance internally or through a UOB green loan |
Energy-as-a-Service | • No upfront capital needed • Save on electricity cost under a guaranteed or shared savings scheme • Maintenance or replacements guaranteed by U-Energy's ESCO partner • Option to buy out the equipment or system |
Contracting Models |
Direct Purchase |
Energy-as-a-Service |
Project 1
Building type: Retail
Gross area: 275,000 m2
Project type: Chiller
Savings3: 24% of chiller plant’s electricity bills (averaged)
Project 2
Building type: Office
Gross area: 175,0002
Project type: Air-conditioning system
Savings3: 34% of electricity bills (averaged)
Project 3
Building type: Industrial
Consumption in cubic meters: More than 30,000,000 Sm3 per year
Project type: Air-compressor
Savings3: 20% of air-compressor plant’s electricity bills (averaged)
Project 1
Building type: Retail
Gross area: 228,382 m2
Project type: Chiller, Energy and Power Management
Savings3: 36.7% of system's energy consumption
Project 2
Building type: Hotel
Gross area: 65,334 m2
Project type: Chiller
Savings3: 26.10% of system's energy consumption
Project 3
Building type: Hotel
Gross area: 25,333 m2
Project type: Chiller, Energy and Power Management
Savings3: 34.70% of system's energy consumption
Project 1
Building type: Office
Gross area: 64,689 m2
Project type: Air-conditioning, Chiller, Energy and Power Management
Savings3: 11.40% of system’s energy consumption
Project 2
Building type: Mixed Development
Gross area: 193,000 m2
Project type: Air-conditioning, Chiller, Energy and Power Management
Savings3: 30.80% of system’s energy consumption
Project 3
Building type: Office
Gross area: 85,314 m2 (gross floor area)
Project type: Energy and Power Management for GreenMark Accreditation
Savings3: -
Project 1
Building type: Public Building (Faculty of Medicine Ramathibodi Hospital)
Gross area: -
Project type: Chiller (Ozone for Condenser), Energy and Power Management
Savings3: 2,104,945.6THB per year
Project 2
Building type: Public Building (Rajavithi Hospital)
Gross area: -
Project type: Chiller (Ozone for Condenser), Energy and Power Management
Savings3: 1,438,007.66THB per year
Project 3
Building type: Retail (BOONTHAVORN – 8 branches)
Gross area: -
Project type: Chiller (Ozone for Condenser), Energy and Power Management
Savings3: 16,854,586.33THB per year
Project 1
Building type: Industrial
Gross area: -
Project type: Air-conditioning, Chiller, Energy and Power Management
Savings3: 30% of chiller plant energy (VSD Chiller, Chiller Plant Management, VSD for condenser and chilled pump, project cost 17,000,000 Baht)
Project 2
Building type: Industrial
Gross area: -
Project type: Waste heat recovery from poultry plant
Savings3: 20% of chilled water production cost (rotating heat exchanger, boiler improvement, heat pipe economiser, energy management system, project cost 15,000,000 Baht)
Project 3
Building type: Hotel
Gross area: -
Project type: Air-conditioning, Energy and Power Management
Savings3: 20% of energy consumption (VSD for cooling tower pump, VSD chiller, boiler improvement, heat pump, solar hot water, energy management system, ozone laundry)
Project 1
Building type: Retail
Gross area: 62,935 m2
Project type: Chiller, Energy and Power Management
Savings3: 12,336,678THB per year
Project 2
Building type: Mixed Development
Gross area: 91,726 m2
Project type: Chiller, Energy and Power Management
Savings3: 5,518,357 THB per year
Project 3
Building type: Mixed Development
Gross area: 350,000 m2
Project type: Air-conditioning, Energy and Power Management
Savings3: 12,975,633 THB per year
Project 1
Building type: Public Building
Gross area: 250,000 m2
Project type: Air-conditioning, Chiller, Energy and Power Management
Savings3: 30% of building’s electricity bill
Project 2
Building type: Hotel
Gross area: 20,000 m2
Project type: Air-conditioning, Energy and Power Management, Facade
Savings3: 35% of building’s electricity bill
Project 3
Building type: Industrial
Gross area: 100,000 m2
Project type: Air-conditioning, Chiller, Elevator, Energy and Power Management, Façade, LED Lighting, Solar
Savings3: 40% of building’s electricity bill
Project 1
Building type: Data Centre
Gross area: 38,000 m2
Project type: Energy and Power Management, LED Lighting
Savings3: >20% of building’s electricity bill
Project 2
Building type: Office
Gross area: 4,500 m2
Project type: Air-conditioning, Energy and Power Management
Savings3: >30% of building’s electricity bill
Project 3
Building type: Industry Plant
Gross area: 11,000 m2
Project type: Energy and Power Management
Savings3: >20% of building’s electricity bill
Project 1
Building type: Office
Gross area: 35,000 m2
Project type: LED Lighting
Savings3: 60% of system's energy consumption
Project 2
Building type: Industrial
Gross area: 43,000 m2
Project type: LED Lighting
Savings3: 75% of system's energy consumption
Project 3
Building type: Hotel
Gross area: 20,000 m2
Project type: LED Lighting
Savings3: 50% of system's energy consumption
Project 1
Building type: Private Hospital
Gross area: -
Project type: Air-conditioning, Chiller, Energy and Power Management, LED Lighting
Savings3: 33% of Total electric cost bill
Project 2
Building type: Hotel
Gross area: -
Project type: Air-conditioning, Energy and Power Management, LED Lighting
Savings3: 40% of Total electric cost bill
Project 3
Building type: Industrial
Gross area: -
Project type: Energy and Power Management, LED Lighting
Savings3: 36% of Total electric cost bill
If you are interested in becoming a U-Energy partner, contact us here.
3Savings indicated are estimates and for illustration purposes only. Actual savings may vary, depending on prevailing site conditions, energy usage behavior and asset type. For more details on these projects, please consult with the respective U-Energy partner.
Disclaimer: While UOB reserves its rights to select the programme partners at its sole discretion, U-Energy partners are solely responsible for the provision and qualify of their products and services. UOB makes no representation or warranty whatsoever with respect to the programme partner’s provision and/or quality of the products or services for any purpose or use.
U-Energy is Asia’s first integrated ecosystem financing platform for energy efficiency. It makes it simple and seamless for businesses across the region to adopt energy efficiency and reap the financial and environmental benefits.
With U-Energy, the upfront investment required for energy efficiency projects is reduced with UOB’s energy-as-a-service and direct purchase contracting models.
By appointing and working with our U-Energy partners, there will be no additional costs or charges associated with the programme.
You will only be able to choose from our list of U-Energy ESCO partners for your energy efficiency projects under U-Energy.
1Indicative and dependent on scope of work and verification with U-Energy partner.
2For businesses that adopt the energy-as-a-service contracting model.
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