The Bank of the Philippine Islands (BPI) continues to reinforce its leadership in sustainable finance, supporting some of the country’s largest and most transformative renewable energy projects through a series of landmark financing deals that help advance the Philippines’ transition to a low-carbon economy.
These transactions are anchored on BPI’s Sustainable Development Finance (SDF) Program, a key driver of the Bank’s renewable energy initiatives and broader sustainability agenda. Through the program, BPI finances projects that generate positive environmental and social impact while supporting the country’s long-term development goals.
In 2025, SDF disbursements reached Php 54 billion, bringing total cumulative financing under the program to Php 376 billion across 532 projects—the highest in the Philippine banking industry. These initiatives are estimated to reduce greenhouse gas emissions by 41 million tons annually while supporting sustainable water and energy solutions nationwide.
Across 2024 and to date, BPI has played a key role in financing major renewable energy developments spanning solar, wind, hydro, and battery energy storage systems (BESS), demonstrating its commitment to strengthening the country’s energy security while accelerating the adoption of clean energy.
Among its largest transactions, BPI served as one of the largest lenders in the Php 214.87-billion syndicated facility for Prime Infrastructure Inc.’s (Prime Infra) two pumped-storage hydropower plants in Laguna and Rizal—a combined 2-gigawatt development expected to become a cornerstone of national grid stability.
The Bank is also among the lenders supporting the Php 150-billion MTerra Solar project, which includes a 3,500 MWp solar facility and a 4,500 MWh BESS project in Nueva Ecija and Bulacan. Once completed, it is expected to become one of the world’s largest integrated solar and battery energy storage facilities.
Expanding its solar energy portfolio, BPI is financing a Php 3.975-billion loan facility for Citicore Renewable Energy Corporation’s (CREC) 113 MWp solar project in Pangasinan and is participating in the Php 12.63-billion syndicated loan for CREC’s 377 MWp solar project in Batangas.
The Bank also continued to broaden its renewable energy footprint through wind power projects. Together with other lenders, BPI partially financed the capital expenditures of ACEN Corporation’s Php 34.41-billion Quezon North Wind 1 Project, which is set to become the largest onshore wind facility in the Philippines upon completion. BPI is funding the project’s first phase of development.
Further strengthening its wind portfolio, BPI signed a Php 8-billion maiden deal with the Alternergy Group in 2024 to help finance a 128-MW wind farm in Tanay, Rizal. Of the total facility, Php 4 billion is supported by BPI’s green bond issued with the International Finance Corporation (IFC), marking the first transaction under the program to incorporate environmental and social management provisions into the facility agreement.
The Bank also deepened its long-standing relationship with the Aboitiz Group through the financing of two solar projects of Advent Upgrade Solar Inc. in Polillo, Quezon and Lima, Batangas. In parallel, BPI is supporting the expansion of SN Aboitiz Power Group’s battery energy storage systems in Isabela and Benguet to enhance grid stability and energy efficiency.
Complementing these initiatives, BPI is financing a Php 6.1-billion project with Cornerstone Energy Development Inc. to support Aboitiz Renewables, Inc.’s first wind power facility—a 58.5 MW project in Libmanan, Camarines Sur. The Bank also provided a Php 2.50-billion term loan to finance a 20 MW BESS project at AP Renewables Inc.’s geothermal power plant in Laguna.
BPI likewise co-financed Levanta Renewables, through Magallanes Solar Energy Corporation (MSEC), with a Php 6.215-billion facility for the development of a 166 MWp solar project and an 80 MWh battery energy storage system in Barotac Viejo, Iloilo.
Notably, Prime Infra’s pumped-storage hydropower plants in Rizal and Laguna, CREC’s solar project in Batangas, and the MTerra Solar development in Nueva Ecija and Bulacan have been certified as Energy Projects of National Significance (EPNS), underscoring their critical role in advancing national energy security and sustainability.
Except for the MTerra Solar project, the renewable energy developments financed by BPI were awarded under the Department of Energy’s Green Energy Auction Program, reinforcing their contribution to the country’s clean energy goals.
“These transactions underscore BPI’s commitment to enabling large-scale infrastructure that advances energy security and sustainability,” said Louie Cruz, BPI Institutional Banking Head. “We are proud to work alongside industry leaders to deliver projects that will help power the country’s transition to a cleaner, more resilient energy future.”
By leveraging the combined strengths of its lending, investment banking, and trust units, the BPI Group successfully executes complex, multi-party transactions involving numerous stakeholders. BPI Capital Corporation, the Group’s investment banking arm, played a key role in arranging and syndicating several of these landmark facilities, reinforcing its expertise in structuring large-scale energy financing.
Through its integrated platform and sustained investments in sustainable finance, BPI remains committed to enabling a low-carbon future while supporting the country’s economic growth.
For more information on BPI’s sustainability programs, visit https://www.bpi.com.ph/about-bpi/sustainability.
