PGEC’s Bugallon Green Secures ₱826M Loan Deal with RCBC

Bugallon, Pangasinan- The solar facility, located in Bugallon, Pangasinan, is a key component of PGEC’s continued build-up of its renewable energy portfolio. Once operational, the plant is expected to generate approximately 36 gigawatt-hours annually, enough to power over 15,000 households and offset approximately 25,000 metric tons of carbon emissions per year.

“This financing milestone reflects our unwavering commitment to increase the country’s power supply from indigenous energy sources,” said PGEC President and CEO Francisco
G. Delfin, Jr.

“We are grateful for Rizal Commercial Banking Corporation (RCBC )’s continued trust and partnership, which enables us to contribute to the country’s clean energy transition and rural development,” adds Delfin.

RCBC’s support for the Bugallon project aligns with its broader sustainability agenda and its role as a key financier of green infrastructure in the Philippines.

For her part, RCBC’s EVP and Head of Institutional Banking Group Elizabeth E. Coronel declared, “The loan agreement was finalized under RCBC’s Sustainable Finance Framework, reinforcing
the bank’s role in enabling climate-resilient developments that promote sustainable economic growth.”