Vena Energy Secures First Full International Project Financing In Philippines For 300MW Opus Solar Project, Powers 445,000 Homes

Vena Energy, the renewable energy arm of Vena Group and a leading provider of green energy solutions across the Asia-Pacific region, has announced the financial close of its first full international project financing in the Philippines for the Opus Solar Energy Project. This landmark project is part of the Department of Energy’s (DOE) Green Energy Auction Program 2 (GEAP 2), which targets the installation of 3.4 GW of committed renewable energy capacity by 2026.

Seven international financial institutions participated in the financing of the project, including BNP Paribas (Singapore), Crédit Agricole Corporate and Investment Bank (Singapore), DBS Bank Ltd., Intesa Sanpaolo S.P.A. (Hong Kong), MUFG Bank Ltd. (Singapore), Standard Chartered Bank (Singapore) Limited, and Sumitomo Mitsui Banking Corporation. Their involvement underscores global confidence in the project and in Vena Group’s strategy, team, and execution capabilities.

Simone Grasso, Chief Investment Officer of Vena Group, highlighted that the bespoke financing reflects the trust of international banking institutions in the company’s approach. He noted that, as the first U.S. dollar–denominated project financing in the Philippines’ renewable energy sector funded entirely by international banks, the transaction demonstrates Vena Group’s ability to mobilize cross-border capital at scale to support the country’s clean energy transition.

The Opus Solar Energy Project is a ground-mounted solar facility located in Ilocos Norte, with a capacity of 300 MWp. Once operational, it is expected to provide clean electricity to approximately 445,000 households. This impact is equivalent to planting nearly 5.8 million trees or removing 76,000 vehicles from the road, resulting in an estimated reduction of 349,000 tons of greenhouse gas emissions annually.

This achievement further reinforces Vena Group’s commitment to decarbonizing the economy and accelerating the energy transition across the Asia-Pacific region. By securing international financing for large-scale renewable energy infrastructure, Vena Energy continues to position itself as a regional leader in sustainable energy innovation and investment.