ib vogt secures PHP 4.5 billion financing for 99 MWp solar and 4 MW / 16 MWh battery energy storage system in the Philippines

Type: Financing · Technology: Hybrid · Country: Philippines · Capacity: 99 MWp · Value: $75M · Announced: 2026-06-04

ib vogt reached financial close on the 99 MWp Project Luca solar and battery energy storage system in Iloilo Province, Philippines, securing a PHP 4.5 billion (c.$75 million) senior debt facility from Rizal Commercial Banking Corporation (RCBC), which acted as sole lender. RCBC Capital Corporation served as lead arranger for the financing, which covers the combined 99 MWp solar PV capacity and 4 MW / 16 MWh battery energy storage system. Construction activities commenced in early 2026, with commissioning targeted for Q2 2027. Once operational, the project is expected to generate over 160 GWh of electricity annually, sufficient to supply more than 85,000 households and avoid over 70,000 tonnes of CO₂ emissions each year. The financing reflects RCBC’s confidence in ib vogt’s track record in the Philippines, where the company is developing a pipeline of over 1,000 MWp across the country.

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