Security Bank Capital Investment Corp., together with parent company Security Bank Corp., has led and completed a ₱2.015-billion project financing for Solar Valley Energy Solutions, Inc., a 65-megawatt peak ground-mounted solar power project in San Pablo, Isabela. The deal positions Security Bank as sole lender and highlights its capacity to fund large, long-term infrastructure projects in the Philippines.
The transaction is a milestone for the country’s clean-energy sector and marks the first project financing by Alba Renewables following its acquisition by global investment firm Brookfield Asset Management. It reflects growing investor confidence in Philippine renewable energy, supported by stable long-term revenues under the government’s Green Energy Auction Program.
Security Bank Capital acted as mandated lead arranger and bookrunner, while Security Bank provided the full senior term loan for construction and development. Once operational, the project will supply renewable power to the Luzon grid under a fixed 20-year tariff, contributing to emissions reduction, energy security, and the country’s renewable energy targets.
The Solar Valley project is a joint venture between Alba Renewables Philippines and Soleos Energy Partners. Backed by Brookfield’s global platform, Alba Renewables plans to scale utility-scale renewable projects across Southeast Asia, reinforcing the Philippines’ transition to cleaner and more resilient energy infrastructure.
