Vena Energy’s Garcia 4 (Opus Solar Energy Project) in the Philippines has been named Solar Deal of the Year – APAC at the IJGlobal Awards, highlighting one of the country’s major renewable energy financing transactions.

The IJGlobal Awards are recognised as a benchmark for excellence in global energy and infrastructure markets, with submissions evaluated by an independent panel of industry practitioners.

The Garcia 4 Solar Project forms part of Vena Energy’s broader Opus Solar Energy platform in the Philippines, which is anchored on utility-scale solar development under the Department of Energy’s Green Energy Auction Program 2 (GEAP-2).

The Opus Solar Energy Project reached financial close in December 2025 as Vena Energy’s first fully internationally financed renewable energy project in the country. The financing is structured as a US dollar–denominated facility for a 300 MWp solar plant in Ilocos Norte, which is expected to supply power to approximately 445,000 households once operational.

“The Garcia 4 Solar Project represents a landmark financing involving seven international financial institutions,” Vena Energy said in its official announcement. “The transaction marks an important milestone for green energy development in the Philippines and reflects the confidence of global banking institutions in the quality of Vena Group’s strategy, team, and portfolio of projects.”

Vena Energy, the renewable energy arm of Vena Group, said the award reflects its broader strategy in energy transition development, noting its focus on delivering large-scale renewable infrastructure and financing solutions in partnership with global institutions. 

“As the global energy transition continues to accelerate, Vena Group remains focused on developing and delivering projects that contribute meaningfully to a world with no compromise,” the company said.

Does this award signal stronger long-term confidence from global lenders in Philippine solar projects—and what conditions are still needed to scale similar multi-bank financings locally?

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