Philippine National Bank (PNB) continues to demonstrate its leadership in sustainable finance through a PHP3-billion project finance facility for Linglingay Power Corporation (LPC), a wholly owned subsidiary of Hexa Philippines Holdings, Inc. (HEXA).
This landmark financing agreement will support the development of an 82 MWp ground-mounted solar power plant in Barangay Linglingay, Municipality of Gamu, Province of Isabela—marking a significant step toward expanding the country’s renewable energy capacity.
The project forms part of the Department of Energy’s Green Energy Auction Program Round 2 (GEA-2), a government-led initiative that accelerates renewable energy development through a competitive capacity auction system.
With a target commercial operation date of December 2026, the 82 MWp solar facility is expected to generate enough electricity to power approximately 25,000 to 35,000 Filipino households annually. The project will help address increasing energy demand while contributing to the reduction of carbon emissions.
“This partnership reflects PNB’s vision of powering a cleaner, more sustainable future, where investments in renewable energy drive progress, strengthen communities, and create lasting value for the next generation of Filipinos,” said PNB President and CEO Edwin R. Bautista.
This collaboration underscores the role of strategic partnerships in accelerating the transition toward a more resilient and environmentally sustainable energy landscape. By financing this solar facility, PNB is helping fast-track the country’s shift to cleaner energy while strengthening energy security.
“Today’s signing represents the culmination of months of collaboration, discussions, coordination, and hard work among all parties involved,” said Angelito Lantin, HEXA Director of Development and LPC Treasurer. “Transactions of this scale and complexity are never accomplished by one organization alone. They are made possible through the shared efforts, trust, and commitment of various teams working toward a common goal.”
Lantin further emphasized the strength of the partnership, noting that the project reflects “a shared confidence in the Linglingay project’s long-term value” and establishes “a solid foundation for the next phase of construction and implementation.”
HEXA Managing Director Christopher Chua added: “This achievement marks another important milestone as Hexa Philippines advances nearly 600 MWp of solar capacity across its operating and in-construction portfolio. We are grateful to PNB for its partnership and shared confidence in this project. As we pursue our ambition of exceeding 1 GWp of renewable energy capacity in the Philippines, we remain committed to delivering reliable, sustainable power that supports the country’s clean energy transition and empowers Filipino communities for generations to come.”
