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Vena Energy lines up P7-billion foreign funding for 300-MW Ilocos solar project
Business World Philippines
|December 18, 2025
Vena Energy on Wednesday said the financing secured for its 300-megawatt (MW) solar project in Ilocos Norte amounts to $210 million (about P7 billion), following its earlier announcement that the project had reached financial close.
The company previously said the Opus Solar Energy Project was fully financed by a group of international banks but did not disclose the funding amount at the time.
The $210-million loan will support the development of the ground-mounted solar facility in Ilocos Norte, which is expected to supply electricity to around 445,000 households once operational.
This story is from the December 18, 2025 edition of Business World Philippines.
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