SINGAPORE-BASED Vena Energy has obtained full financing from a group of international banks for its 300-megawatt (MW) solar project in Ilocos Norte, marking theSINGAPORE-BASED Vena Energy has obtained full financing from a group of international banks for its 300-megawatt (MW) solar project in Ilocos Norte, marking the

Vena Energy secures funding for 300-MW Ilocos solar project

2025/12/15 00:03

SINGAPORE-BASED Vena Energy has obtained full financing from a group of international banks for its 300-megawatt (MW) solar project in Ilocos Norte, marking the first US dollar-denominated project financing in the Philippines’ renewable energy sector funded solely by foreign lenders.

The company announced last week that the Opus Solar Energy project in Paoay has reached financial close, though it did not disclose the funding amount.

The participating banks were BNP Paribas (Singapore), Crédit Agricole Corporate and Investment Bank, (Singapore), DBS Bank Ltd., Intesa Sanpaolo S.P.A., (Hong Kong), MUFG Bank Ltd. (Singapore), Standard Chartered Bank (Singapore) Ltd. and Sumitomo Mitsui Banking Corp.

“As the first US dollar-denominated project financing in the Philippines’ renewable energy sector funded entirely by international banks, this transaction underscores Vena Group’s leadership to mobilize cross-border capital at scale to accelerate the country’s clean energy transition,” Vena Group Chief Investment Officer Simone Grasso said in a statement.

Vena said the transaction sets a model for future renewable energy financing in the country and strengthens its position as a regional player in large-scale green projects.

The ground-mounted solar facility is expected to supply power to about 445,000 households. A filing with the Department of Environment and Natural Resources places the project cost at roughly P15 billion.

The project is part of the government’s 2023 Green Energy Auction Program, which targets delivery by 2026.

Vena Energy, based in Singapore, runs six renewable power plants in the Philippines with a combined capacity of 330.8 MW across Negros Occidental, Rizal, Leyte, Ilocos Norte and Bukidnon. — Sheldeen Joy Talavera

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details

Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details

The post Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details appeared on BitcoinEthereumNews.com. Japan-based Bitcoin treasury company Metaplanet announced today that it has successfully completed its public offering process. Metaplanet Grows Bitcoin Treasury with $1.4 Billion IPO The company’s CEO, Simon Gerovich, stated in a post on the X platform that a large number of institutional investors participated in the process. Among the investors, mutual funds, sovereign wealth funds, and hedge funds were notable. According to Gerovich, approximately 100 institutional investors participated in roadshows held prior to the IPO. Ultimately, over 70 investors participated in Metaplanet’s capital raising. Previously disclosed information indicated that the company had raised approximately $1.4 billion through the IPO. This funding will accelerate Metaplanet’s growth plans and, in particular, allow the company to increase its balance sheet Bitcoin holdings. Gerovich emphasized that this step will propel Metaplanet to its next stage of development and strengthen the company’s global Bitcoin strategy. Metaplanet has recently become one of the leading companies in Japan in promoting digital asset adoption. The company has previously stated that it views Bitcoin as a long-term store of value. This large-scale IPO is considered a significant step in not only strengthening Metaplanet’s capital but also consolidating Japan’s role in the global crypto finance market. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/japan-based-bitcoin-treasury-company-metaplanet-completes-1-4-billion-ipo-will-it-buy-bitcoin-here-are-the-details/
Paylaş
BitcoinEthereumNews2025/09/18 08:42