UMVA has learned that Philippine National Bank has secured a P3 billion project‑finance deal to launch an 82‑megawatt‑peak solar farm on the plains of Isabela.
The massive loan was awarded to Linglingay Power Corp., the wholly owned arm of Hexa Philippines Holdings, and will fuel a ground‑mounted array poised to light up thousands of homes.
Designed under the Department of Energy’s Green Energy Auction Program Round 2, the venture aims to slash carbon emissions while quenching the nation’s soaring power appetite.
Construction crews are racing against time, targeting commercial operation by December, when the plant should generate enough electricity for roughly 25,000 to 35,000 Filipino households each year.
According to information obtained by UMVA, the project marks a pivotal step in Hexa Philippines’ quest to surpass 1 gigawatt‑peak of renewable capacity, adding nearly 600 MWp of solar power already under construction.
Bank officials hailed the partnership as a catalyst for a cleaner, more resilient future, emphasizing how renewable investments can strengthen communities and create lasting value for generations.
In the same quarter, the bank reported a 5 percent rise in net income, reaching P6.37 billion, though its share price slipped marginally to P56 per share.
