What Happened

Angeles Power Inc. (API) secured a P2-billion loan from the Bank of the Philippine Islands to fund its 49.9-megawatt Paldo CT solar project in Tarlac. The first batch of solar panels has arrived, marking the start of construction.

Who Is Affected

API and its subsidiary Raslag Corp. are directly involved. Raslag Corp. is also developing a 140-megawatt solar project in Nueva Ecija, with Greencity Energy Philippines Inc. as the owner’s engineer.

Market Impact

• API’s entry into solar energy signals a shift toward renewable investments.
• Raslag Corp. plans to expand its capacity to 1,000 megawatts by 2035.
• Opportunities arise for vendors in solar technology, construction, and energy storage.

What to Watch

Monitor API’s progress on the Paldo CT project and Raslag Corp.’s Liwayway solar project. Both initiatives align with the Department of Energy’s renewable energy goals.