Security Bank leads PHP2.7B green financing for 80.6MW solar project, deepening role in energy transition

Security Bank led a PHP2.7-billion, 15-year project finance loan for Astra Solar Energy Corp.’s 80.6MW solar plant in Currimao, Illocos Norte

Security Bank Corporation has closed a PHP2.7-billion 15-year green project finance facility for Astra Solar Energy Corp., supporting an 80.6MW solar plant in Currimao, Ilocos Norte and strengthening its role in financing large-scale renewable infrastructure in the Philippines.

The Bank acted as Sole Lender, Green Loan Coordinator, and Hedging Bank for the transaction, while Security Bank Capital Investment Corporation served as Mandated Lead Arranger and Bookrunner.