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RCBC finances P4.5-B Visayas hybrid solar project
Rizal Commercial Banking Corp. (RCBC) announced it will provide a P4.5-billion financing facility for a 99-megawatt peak (MWp) solar-plus-storage project in Iloilo. This marks a significant investment in the Philippines' renewable energy sector.
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- Iloilo Solar and Storage Project Secures P4.5 Billion Loan from RCBC
RCBC has approved a P4.5-billion loan for a 99 MWp solar-plus-storage project in Iloilo by Singapore-based ib vogt. The hybrid facility, including a 4 MW/16 MWh battery energy storage system, aims for commissioning in the second quarter of 2027.