PNB powers Levanta solar project with P6.2-B fund

Philippine National Bank (PNB) — INQUIRER.net photo

MANILA, Philippines — Philippine National Bank (PNB) is backing a solar power and battery storage project in Iloilo with a P6.215-billion co-financing package, supporting the continued buildout of renewable energy capacity in the Visayas.

Singapore-based Levanta Renewables has reached financial close for its 166-megawatt-peak (MWp) solar power project with an 80-megawatt-hour Battery Energy Storage System (BESS) in Barotac Viejo, Iloilo.

READ: Visayas in dire need of new baseload power plants, says Garin

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PNB powers Levanta solar project with P6.2-B fund

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