ib vogt secures PHP 12.6 billion ($213 million) financing for 320 MWp solar-plus-storage project in the Philippines

Type: Financing · Technology: Solar, Storage · Country: Philippines · Capacity: 320 MWp · Value: $213M · Announced: 2026-06-15

ib vogt appointed China Bank Capital Corporation and RCBC Capital Corporation as Lead Arrangers for the project financing of its 320 MWp solar-plus-storage project in Surigao del Sur, Mindanao. The mandate covers the arrangement of a senior debt facility of up to PHP 12.6 billion (equivalent to $213 million) for the Barobo Solar and Storage Project. Once operational, the project is expected to generate over 500 GWh of clean electricity annually, supplying more than 480,000 Filipino households while avoiding over 200,000 tonnes of CO₂ emissions each year. Construction is scheduled to begin in Q4 2026, with commercial operations targeted by the end of 2027. The financing reflects strong confidence in both the project and the Philippines as a renewable energy market, marking ib vogt's third project in Mindanao and its largest solar initiative in the country to date.

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