San Carlos Sun Power Secures PhP3.7B Loan from BDO

Manila—(PHStocks)—San Carlos Sun Power Inc. (SACASUN), the joint venture company between SunEdison Philippines Helios BV and Aboitiz Renewables Inc.—the holding company of Aboitiz Power Corp.‘s (PSE: AP) investments in renewable energy, has signed an Omnibus Loan and Security Agreement with BDO Unibank Inc. (PSE: BDO) to secure a loan in the amount of up to PhP3.7 billion.

The proceeds of the loan will be used to finance the construction, development, and operation of SACASUN’s 59MWp solar photovoltaic power generation facility located at San Carlos City, Negros Occidental.