SPNEC secures PHP 150 B loan to expand solar and
The funding will enable the expansion of large-scale solar power generation and storage capabilities, reinforcing the country''s transition to renewable energy and ensuring a more stable and sustainable power supply.
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The Philippines'' government will tender for 9,378MW of renewables, comprising distributed and large-scale solar PV, including ground-mount, rooftop and floating PV, alongside onshore wind capacity.
SPNEC secures PHP 150 B loan to expand solar and
SP New Energy Corporation (SPNEC) has secured a Php 150 billion, 15-year Omnibus Loan and Security Agreement (OLSA) through its subsidiary, Terra Solar Philippines Inc. (MTerra Solar), marking a major
MTerra Solar project hits milestone—MGen | Lenie
Meralco PowerGen Corp. (MGen) reported on Tuesday that the P200-billion integrated solar and battery energy storage project being undertaken by Terra Solar Philippines Inc. (MTerra Solar) has
Meralco PowerGen closes P150-B loan for Terra Solar
Meralco PowerGen Corp. (MGen) has closed its P150-billion financing—touted as the biggest syndicated loan yet in the Philippines—to fund its mammoth solar farm in Luzon.
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BDO leads financing for world''s biggest solar project
Located across 3,500 hectares in Nueva Ecija and Bulacan, MTerra Solar will integrate solar generation with battery energy storage to ensure continuous power supply even beyond daylight hours.
Pentagreen, BII Invest $80M in Southeast Asia''s Battery Storage
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Record-breaking: Pangilinan-led Meralco unit locks in
Meralco PowerGen Corp. (MGen), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), has closed a record-breaking ₱150 billion syndicated loan with six of the country''s largest banks to finance what will be
Solar Shines the Path for the Philippines to Reduce
Increasing the role of renewables in the generation mix could reduce the Philippines'' reliance on imported fuels and boost its energy security, according to BloombergNEF''s latest report, The Philippines'' Path to Clean and
SPNEC secures PHP 150 B loan to expand solar and battery
SP New Energy Corporation (SPNEC) has secured a Php 150 billion, 15-year Omnibus Loan and Security Agreement (OLSA) through its subsidiary, Terra Solar Philippines
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Terra Solar gets ₱150-billion loan for solar and battery facility
The total project cost is ₱200 billion, funding what is anticipated to be the world''s largest solar and battery facility in Central Luzon. The funds will support ongoing development
Nexif Ratch Closes Financing on 145MWp Bacolod Solar Project
Nexif Ratch Energy has secured financing for its 145 MWp Bacolod Solar Project in the Philippines, set to power 52,600 households. Construction begins in October
SPNEC signs largest Philippines financing deal
Straddling the provinces of Nueva Ecija and Bulacan, the project consists of 3,500 megawatts of solar panels paired with 4,500 MW-hours of battery energy storage system components.
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Philippines president breaks ground at world''s largest
Groundbreaking at Meralco Terra Solar in Gapan City, Luzon, Philippines. Image: Meralco Terra Solar. Philippines president Ferdinand Marcos Jr attended as construction began on what is thought to be the world''s largest
Philippines secures financing for 125 MW Citicore solar project
A PHP 4.4 billion ($77.5 billion) project finance loan facility is supporting the development of the 125 MW Citicore Solar Pangasinan project, with construction scheduled for
Actis closes $600 million investment in Philippines'' MTerra Solar
Actis has concluded a $600 million investment in MTerra Solar through a partnership with MGreen, the renewables unit of Meralco PowerGen Corp. (MGEN), and its
MGEN Unit Signs Largest PH Financing Deal
Pasig City, Philippines — 22 April 2025 — Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), has closed the Philippines'' largest syndicated loan at ₱150 billion to
Sy-blings'' BDO leads financing of world''s largest solar
BDO Unibank Inc., the Philippines'' largest bank by assets, is leading the financing of the world''s biggest integrated solar and battery storage facility, a ₱150 billion energy project designed to meet the country''s rising
Alternergy gets P1-B RCBC loan for Balsik Solar
Renewable power pioneer Alternergy Holdings Corp. (ALTER) has secured a P1-billion project finance senior term loan from Rizal Commercial Banking Corp. (RCBC) to fund its 28-MWp (Megawatt-peak) Balsik Solar Power Project in
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6 FAQs about [Solar with battery project financing options in Philippines 2025]
How much does a solar project cost in Central Luzon?
The total project cost is ₱200 billion, funding what is anticipated to be the world's largest solar and battery facility in Central Luzon. The funds will support ongoing development of the solar photovoltaic (PV) facility and battery energy storage system (BESS).
Why is mterra solar investing in the Philippines?
With this financial backing, MTerra Solar aims to accelerate its solar infrastructure projects, strengthening the Philippines’ energy security while reducing dependence on fossil fuels. As the country moves toward cleaner energy solutions, how do you see the role of large-scale solar investments shaping the future of power generation?
How much solar power will Nueva Ecija & Bulacan generate?
Spanning four municipalities across Nueva Ecija and Bulacan, the project will generate 3,500 MWp of solar power complemented by a 4,500 MWhr battery energy storage system. The project will be developed in two phases with first phase expected to be completed in Q1 2026, and the second phase a year after.
Which banks are supporting mterra solar?
“We need financial backing from the nation’s best banks to support a project of this scale,” he said. BDO Capital is acting as the sole mandated lead arranger and bookrunner for the loan facility, while BDO Trust and Investments Group serves as facility agent and security trustee. BDO is also the main account bank for MTerra Solar.
How much solar power will China deliver?
The project, which will deliver 3,500 MWp of solar and 4,500 MWh of battery energy storage capacity, is a critical step in meeting the country’s goal of 35% renewable energy share by 2030, and 50% by 2040.
Who is the biggest lender to p150-billion project finance facility?
This content was originally published by The Philippine Star following its editorial guidelines. Philstar.com hosts its content but has no editorial control over it. The Sy-led bank said it is the biggest lender to the P150-billion project finance facility, giving the largest commitment among a six-bank syndicate.