PH Renewables Inc (PHRI)

75MW Rizal Solar Project - Financing

Industry
Power/PV solar
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Countries
Philippines

Deal Overview

PHRI MGEN Renewable Energy (MGreen), through its subsidiary PH Renewables Inc (PHRI), has obtained PHP2.65 billion ($47 million) in fresh funds to develop a 75MW solar power project in the grounds of Philippine Communications Satellite Corp in Baras, Rizal. Commercial operation is planned for Q1...

show more

PHRI MGEN Renewable Energy (MGreen), through its subsidiary PH Renewables Inc (PHRI), has obtained PHP2.65 billion ($47 million) in fresh funds to develop a 75MW solar power project in the grounds of Philippine Communications Satellite Corp in Baras, Rizal. Commercial operation is planned for Q1 2023 when power will be supplied to Meralco’s local retail arm MPower. RCBC Capital Corp will serve as arranger for the 15-year term project financing. PHRI is a joint venture between MGreen and Mitsui & Co subsidiary Mit-Renewables Philippine Corp.

show less
Deal Volume
$ 47m
Financial Close
01 September 2022

All Dealmakers

Tranches


To view all tranche and pricing information, please sign up or log in

Projects

75MW Rizal Solar Project

Greenfield
PV solar
Asia Pacific
Philippines
$ 64.4m