Rizal Green Energy Corporation (RGEC) has secured a loan to support a solar power project in the Philippines. The project will be located in the province of Nueva Ecija.
The loan totals PHP 498 million. It was arranged through RGEC’s subsidiary, San Jose Green Energy Corporation (SJGEC). The financing comes from Rizal Commercial Banking Corporation. This was announced by PetroGreen Energy Corporation, one of the joint owners of RGEC. The other owner is Japan’s Taisei Corporation.
The project will build a solar photovoltaic (PV) plant with a total installed capacity of 19.6 megawatts direct current (MWdc). The solar park is in its final permitting stage. It has already received a grid-connection approval from the National Grid Corporation of the Philippines. In April 2025, the company applied for a Certificate of Compliance (COC) with the Energy Regulatory Commission.
Once operating, the San Jose solar plant is projected to produce around 27 gigawatt-hours (GWh) of electricity every year. It is also expected to reduce carbon dioxide emissions by about 18,900 tonnes per year.
This will be PetroGreen Energy’s eighth large-scale renewable power plant. It is the third project supported through a loan from Rizal Commercial Banking.
In addition to this, smaller renewable projects are also in motion across the Philippines. In the municipality of Narra in Palawan, a hybrid renewable energy system is under development. It combines solar PV with battery storage and has a capacity of 1.5 MW for solar and 2.3 MWh for battery storage.
Meanwhile, in Northern Mindanao, a micro-hydro project is being upgraded. The facility in Lanao del Norte has increased its capacity from 250 kilowatts to 480 kilowatts to better serve nearby rural communities. Another project in Masbate involves a 300-kW wind-diesel hybrid system currently under installation. It is part of the Department of Energy’s initiative to power off-grid islands using renewables.
