Insider Spotlight
The transaction underscores the bank’s expanding footprint in financing large-scale renewable energy infrastructure as the Philippines accelerates its energy transition.
The bank took on multiple roles in the deal, acting as Sole Lender, Green Loan Coordinator, and Hedging Bank, while its investment arm served as mandated lead arranger and bookrunner.
The structure reflects a fully integrated financing approach aimed at supporting long-term infrastructure development tied to sustainability goals.
What they’re saying
“This transaction reflects our continued focus on financing infrastructure that supports long-term economic growth and energy transition,” said John Cary Ong, EVP and wholesale banking segment head.
The solar project forms part of a growing renewable energy cluster in Currimao, alongside nearby facilities operated by Vena Energy, positioning the area as a key hub for clean power generation.
Security Bank noted, in a company statement, that it is the sole lender across all three adjacent projects, further deepening its relationship with Vena Energy in the Philippines.
Why it matters
The deal highlights increasing participation from local financial institutions in funding renewable energy projects, a shift seen as critical to meeting the country’s energy security and climate goals. Continued bank support also signals confidence in the commercial viability of solar developments across regional markets.
Zoom out
Security Bank has now financed 25 renewable energy projects with a combined capacity of 1,580 megawatts. Its ongoing partnership with Vena Energy alone accounts for over 800 megawatts of clean energy capacity in the country, reflecting sustained collaboration between lenders and developers in scaling up renewable investments.
The bottom line
As demand for cleaner energy rises, banks like Security Bank are positioning themselves at the center of the transition, channeling capital into projects that balance growth with sustainability. — Princess Daisy C. Ominga | Ed: Corrie S. Narisma
