Carl Joshua M. Yeung, Investment Associate, Alba Renewables; Tinette Quiring, Deal Execution Team Head, Security Bank Capital; Margaux Lee, Coverage and Origination Team Head, Security Bank Capital; Carmela Tanjutco, Vice President, Security Bank Trust and Asset Management Group (TAMG); Josh Samson, Manager, Security Bank TAMG; Victor Marcelo, Assistant Vice President, Security Bank Corporate Banking; and Ken Gudito, Deal Officer, Security Bank Capital. Sitting (L-R): Armando Arturo H. Rodriguez, Managing Director, Soleos Energy Partners Pte. Ltd.; Christopher Walter E. Lim, PH Country Director, Alba Renewables; Virgilio O. Chua, President & CEO, Security Bank Capital; Aris Cruz, Senior Vice President, Security Bank Corporate Banking; and Serafin Del Rosario, First Vice President, Security Bank Corporate Banking at the signing of the financing facility deal.
Security Bank Capital Investment Corporation, together with its parent Security Bank Corporation, has led and closed a P2.015-billion project financing facility for Solar Valley Energy Solutions, Inc., a 65-megawatt peak ground-mounted solar power project rising in San Pablo, Isabela.
The transaction marks a key moment in the Philippines’ accelerating shift toward renewable energy and represents the first project financing of Alba Renewables following its acquisition by global investment firm Brookfield Asset Management.
“This transaction reflects our commitment to financing high-quality renewable energy projects that deliver long-term value,” said Virgilio O. Chua, president and chief executive officer of Security Bank Capital. “By supporting Alba Renewables’ Solar Valley project, we are helping accelerate the country’s clean energy transition while backing infrastructure that strengthens energy security, reduces emissions, and supports resilient growth.”
Backed by long-term offtake certainty and strong institutional sponsorship, the deal signals growing investor confidence in the country’s clean-energy pipeline.
Security Bank Capital served as mandated lead arranger and bookrunner, while Security Bank anchored the deal as sole lender, providing the full senior term loan facility to fund the project’s construction and development.
The financing underscores the group’s capacity to mobilize large-scale capital for bankable infrastructure projects that deliver stable, long-term returns while advancing sustainability objectives.
Once completed, Solar Valley will supply renewable capacity to the Luzon grid under a fixed 20-year tariff awarded through the government’s Green Energy Auction Program, ensuring revenue stability and long-term cash flow visibility. Construction is already underway, drawing on the development expertise of Alba Renewables and the global operating platform of Brookfield.
“Renewable energy plays a critical role in supporting inclusive and sustainable economic growth,” said Yvonne Marcelo, group head of Security Bank’s Corporate Banking Group. “By financing projects like Solar Valley, we help strengthen the country’s energy mix while enabling reliable and cost-competitive power for communities and businesses.”
The project is a joint venture between Alba Renewables Philippines and Soleos Energy Partners Pte. Ltd. Once operational, it is expected to deliver meaningful carbon emissions reductions while contributing to the Philippines’ renewable energy targets.
Alba Renewables focuses on developing utility-scale solar, wind, and battery storage projects across Southeast Asia. With Brookfield’s long-term capital and global reach behind it, the company is positioned to scale high-impact renewable energy investments across the region.
For more than three decades, Security Bank Capital has been at the forefront of innovative financing in the Philippines. Its expanding sustainability portfolio reflects a shared commitment with Security Bank to support national development, power communities, and help build a cleaner and more resilient energy future.