BDO Unibank raises $50 million renewables credit via JBIC

Skip to:

BDO Unibank has raised a $50 million credit line via JBIC for on-lending to renewables projects in the Philippines. JBIC is providing a $25 million direct loan and a partial guarantee for the remainder of the credit line which will be co-financed by Japanese financial institutions. The deal signed on August 3.

As of April 2016, the Philippines had 1 GW of installed renewable energy capacity. A feed-in-tariff scheme was introduced in 2008 and is awarded on a first come first serve basis, on the condition that the project is more than 80% operational.

Between 2016 and 2020, the Department of Energy has a target to increase installed renewable capacity to over 5 GW. Most of the growth will be in geothermal and hydro power. Geothermal capacity is expected to grow from 220 MW to 1,100 MW and hydropower from 341 MW to 3.1 GW.

Related analytics

Transaction Name Stage Est. Value
PLN/$350 million/1016 Financial close 350.00
Chint Solar/$150 million/1216 Financial close 150.00
SEEV/$0 million/0416 Financial close 97.50
Summit Keylex Thailand/THB264 million/0316 Financial close 7.45
Mongolia government/$1 billion/1216 Financing 1000.00
No data available
More transactions

Trade Finance on Twitter