Vena Energy lines up P7-billion foreign funding for 300-MW Ilocos solar project - BusinessWorld Online

Vena Energy lines up P7-billion foreign funding for 300-MW Ilocos solar project - BusinessWorld Online

SINGAPORE-BASED Vena Energy on Wednesday said the financing secured for its 300-megawatt (MW) solar project in Ilocos Norte amounts to $210 million (about P7 billion), following its earlier announcement that the project had reached financial close. The company previously said the Opus Solar Energy Project was fully financed by a group of international banks but did not disclose the funding amount at the time. The $210-million loan will support t…