The landmark agreement will fund the development of a 221-megawatt peak (MWp) solar power plant in Olongapo, Zambales, marking a significant step in boosting the country’s renewable energy capacity.
A shared commitment
The deal underscores the shared commitment of both organizations to advance clean energy. BPI’s involvement will span the project’s engineering, construction, operation, and maintenance, reaffirming its role as a key driver of the nation’s energy transition.
“We are committed to partnering with businesses that share this mission, helping them finance projects that make a positive impact on both the environment and our communities,” said Louie Cruz, BPI institutional banking head.
Expanding AboitizPower’s portfolio
Aboitiz Renewables president Jimmy Villaroman highlighted the project’s importance: “Olongapo Solar represents a major contribution to AboitizPower’s clean energy portfolio and more so to achieving the Philippines’ energy transition targets. Every project we build is the product of a highly motivated organization contributing to AboitizPower’s energy transition effort.”
Investing in the future
This collaboration illustrates how strategic partnerships are paving the way for a resilient and eco-conscious energy landscape.
By financing the Olongapo solar project, BPI is not only supporting renewable energy but also investing in a more sustainable future for generations to come. —Ed: Corrie S. Narisma
