What Happened

ib vogt achieved financial close for Project Luca, a 99 MW solar PV and 4 MW/16 MWh battery energy storage project in Iloilo, Philippines. The project is supported by a PHP 4.5 billion debt facility from RCBC, with RCBC Capital Corporation as the lead arranger.

Who Is Affected

ib vogt, RCBC, and RCBC Capital Corporation are directly involved. The project will benefit over 85,000 households in the Philippines by providing renewable energy.

Market Impact

• Strengthens ib vogt's position in the Philippines' renewable energy market.
• Highlights RCBC's role in financing large-scale renewable energy projects.
• Supports the Philippines' transition to cleaner energy sources.

What to Watch

Monitor Project Luca's construction progress, set to begin in early 2026, and its commissioning in Q2 2027. Track ib vogt's broader pipeline of over 1,000 MW in the Philippines for future opportunities.