Security Bank Capital Investment Corporation, together with its parent company Security Bank Corporation, has successfully led and closed a PHP2.015 billion project financing facility for Solar Valley Energy Solutions, Inc., a 65-megawatt peak (MWp) ground-mounted solar power project in San Pablo, Isabela.
The transaction marks a significant milestone in the Philippines’ clean-energy transition and represents Alba Renewables’ first project financing following its acquisition by global investment firm Brookfield Asset Management. The project underscores growing investor confidence in the country’s renewable energy sector, supported by long-term offtake certainty and strong institutional sponsorship.
Security Bank Capital acted as Mandated Lead Arranger and Bookrunner, while Security Bank anchored the transaction as sole lender, providing the full senior term loan facility to fund the project’s construction and development. The financing highlights the Bank’s ability to mobilize capital at scale for bankable, long-term infrastructure projects that deliver stable returns while advancing sustainability goals.
“This transaction reflects our commitment to financing high-quality renewable energy projects that deliver long-term value,” said Virgilio O. Chua, President and CEO 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 contributes to energy security, emissions reduction, and resilient growth.”
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 (GEAP), providing revenue stability and long-term cash flow visibility. Construction is currently underway, supported by the development expertise of Alba Renewables and the global operating capabilities 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, cost-competitive power for communities and businesses.”
The project is a joint venture between Alba Renewables Philippines with Soleos Energy Partners Pte. Ltd. Once operational, Solar Valley is expected to deliver meaningful carbon emissions reduction and contribute to the Philippines’ renewable energy targets.
Alba Renewables focuses on the development of utility-scale solar, wind, and battery storage projects across Southeast Asia. With the backing of Brookfield’s long-term capital and global platform, the company is well-positioned to scale high-impact renewable energy investments across the region.
For more than three decades, Security Bank Capital has led innovative financing in the Philippines. Its growing sustainability portfolio reflects a shared commitment with Security Bank to power communities, support national development, and build a cleaner, more resilient energy future.
Learn more about Security Bank Capital by visiting https://www.securitybank.com/securitybank-capital/.
