RCBC approves P4.5-B loan for Iloilo solar-plus-storage project by ib vogt
By
CEDTyClea
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Summary
RCBC has approved a P4.5-billion loan to fund a hybrid solar-plus-battery energy storage project in Iloilo developed by Singapore-based ib vogt. The facility includes 99 MWp of solar PV capacity and a 4 MW/16-MWh battery energy storage system, marking the company's first power plant in the Visayas region.
Key quotes
· 1 pulledThis is our first power plant in the Visayas — a market with significant demand fundamentals and strong potential for renewable energy.
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