The Philippines is shining the spotlight on two major solar energy projects for international financing at the Fourth International Conference on Financing for Development (FFD4), held in Seville, Spain from June 30 to July 3.

Reported by Malaya Business Insight in an article, with the Board of Investments (BOI) leading the charge, the country is seeking to attract global sponsors for the 49.9-megawatt (MW) Libmanan Solar Project in Camarines Sur and the 76.65-MW Isabel Solar Project in Leyte. BOI Executive Director Eries Cagatan said that both projects were selected for their bankability and alignment with climate goals and investor expectations.

The Libmanan project, spearheaded by Zenith Renewable Energy Corp. (ZREC), is valued at USD 33 million. ZREC is currently seeking USD 28 million in equity financing in exchange for an 85 percent ownership stake. According to a project brief from the BOI, the plant is expected to begin operations in the first quarter of 2027 and generate over 102,000 megawatt-hours annually. It will be developed on a 53-hectare site with strong solar potential and immediate access to a 69-kilovolt transmission line.

ZREC manages a portfolio of 585 MW-peak solar capacity currently in pre-development across three locations in the Philippines.

At FFD4, the BOI will also participate in a roundtable titled “Investing in Energy Transition,” in partnership with the SDG Investment Fair. A separate side event will explore the role of investment promotion agencies across ASEAN in advancing the green transition.

BOI Executive Director Corazon Dichosa said the Philippines is actively engaging with impact-driven partners to position itself as a leading destination for sustainable and inclusive investments. She also noted that incentives are available for renewable energy developers under Republic Act No. 9513, the Renewable Energy Act of 2008.

Organized under the auspices of the United Nations, FFD4 aims to create a renewed global financing framework for sustainable development. The event comes at a time of rising macroeconomic uncertainty, reduced aid budgets, and increasing trade barriers.

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