PUERTO RICO, 25 July 2023- PAN-AFRICAN SOLEIL HOLDINGS PTE. LTD. (PASH GLOBAL), a Puerto Rico market leader in solar energy, successfully refinanced the first cluster of its portfolio of 200 planned rooftop solar PV installations on PUMA Energy fuel station sites. The project was initially funded on an all-equity basis by PASH, with Oriental Bank agreeing to refinance the entire project with a $15M credit facility.

The refinancing will be used to fund future development and construction activities for the project and marks a significant milestone in the Puerto Rican renewable market as the first local debt facility for a large-scale distributed generation renewable energy project. The refinancing demonstrates PASH and Oriental’s leadership in demonstrating the bankability of projects in Puerto Rico.

“The strong commitment from our financing partner, Oriental Bank, is a testament to their confidence in our ability to not only develop but execute a highly complex distributed generation strategy in a challenging market. We are grateful to Oriental for their unwavering support.” – Commented Kofi Owusu-Bempah, CEO of PASH.

“The Oriental team have shown a strong willingness to act as a true financing partner in this ground-breaking project.” said Jeffrey Blege, Project Director at PASH. “Working closely with the team on executing this refinancing has demonstrated Oriental’s desire to be a leading part of the solution to the green energy transition in Puerto Rico.”

“We are proud to support PASH and their internationally seasoned operational and financial team in the establishment of this highly significant distributed generation project as a major milestone toward the implementation and financing of commercial renewable energy projects which contribute to Puerto Rico transitioning to sustainable green energy solutions” added Patrick Haggarty, Managing Director of Commercial Banking at Oriental Bank


About PASH Global
PAN-AFRICAN SOLEIL HOLDINGS PTE. LTD. (PASH GLOBAL) is an energy transition investor. Headquartered in London, PASH was established in 2012 with the intention of using the latest innovations in technology to develop, finance, build, operate and maintain clean energy assets globally. PASH works to enhance the social and environmental impacts of its Projects. For more information on PASH, visit:

About Puma Energy
Puma Energy is a leading global energy company with a customer-centric approach to safely providing energy solutions around the world. Puma Energy has approximately 2,600 retail sites, a presence in 87 airports and a network of 91 storage terminals. For more information on Puma Energy, visit:

About Oriental Bank
Oriental Bank is one of the largest banks in Puerto Rico. Founded in 1964, it provides financial services to consumers and businesses. For more information on Oriental Bank, visit:

For further information please contact:
PASH Global PR & Communication Team:
Tel: +44 (0)207 846 1741


PASH Global refinances $15M solar energy project with Oriental