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Manila Bulletin devider Business devider The Stock Market devider Levanta clinches funding for Philippine solar-battery plant

Levanta clinches funding for Philippine solar-battery plant

Published Jun 4, 2026 03:39 pm
Levanta Renewables Pte Ltd. has secured project financing and issued a formal notice to begin construction on a major solar and battery storage facility in the Philippines.
In a statement, Levante said the Singapore-backed developer finalized financial close for the Barotac solar power and battery energy storage system project in the Visayas.
The hybrid installation will feature a 166-megawatt-peak ground-mounted solar photovoltaic array coupled with an 80-megawatt-hour battery system, making it one of the more prominent co-located clean energy projects in the archipelago.
While Levanta did not disclose the precise financial terms or the total capital expenditure of the development, the company confirmed that the project debt was secured from two leading commercial banks.
“The achievement of financial close marks an important milestone for the Barotac solar power and battery storage project,” Pramod Singh, chief executive officer of Levanta Renewables, said in the statement. “We are pleased to move into the execution phase and appreciate the support of our financing partners and project stakeholders.”
By utilizing battery storage, the Barotac facility will be able to store excess electricity generated during peak sunlight hours and discharge it when demand spikes or when solar generation drops off.
Levanta secured a long-term off-take arrangement for the project through a power purchase agreement under the Philippine Department of Energy’s Green Energy Auction Program Round 4. The government-led auction mechanism is designed to catalyze private sector investments to help the country achieve its target of increasing the share of renewable energy in its power mix to 35 percent by 2030 and 50 percent by 2040.
The developer expects the Barotac facility to achieve commercial operations by mid-2027.

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solar power renewable energy (RE) Levanta Renewables
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