BDO Unibank Inc. said it has financed more than P1 trillion for projects under its Sustainable Finance Program since 2010.
The bank said in a statement Monday it has poured P1.04 trillion into projects that support clean energy, infrastructure, water, transportation and community development.
Among the largest initiatives it funded is San Miguel Global Power’s battery energy storage system (BESS), described as one of the biggest of its kind in the world.
BDO served as the anchor lender for the project, which includes 32 BESS facilities across the country with a total capacity of 1,000 megawatt-hours. The system helps improve power quality and support renewable energy sources.
BDO also helped finance Citicore Renewable Energy Corp.’s Citicore Solar Batangas 1 project, the largest solar plant in Batangas.
The facility will generate 197 megawatts of power once it becomes fully operational, enough to power around 158,000 households a year.
The project also supports Citicore’s AgroSolar program, which allows farming and solar energy production to take place on the same land.
BDO was the largest lender in a P150-billion financing deal for MTerra Solar, billed as the world’s biggest integrated solar and battery storage project.
The project, located in a 3,500-hectare property between Nueva Ecija and Bulacan, is expected to generate 3,500 megawatts of solar power and 4,500 megawatt-hours of battery storage. It is projected to supply clean energy to about 2.4 million homes.
“Championing sustainable infrastructure is more than financing. It is about laying the groundwork for a sustainable and climate-resilient future,” said BDO executive vice president and head of institutional banking group Charles Rodriguez.
“At BDO, we take pride in partnering with companies that drive innovation, uplift communities and fuel national progress,” said Rodriguez.
The bank also supports green buildings, rooftop solar installations and other infrastructure that helps reduce energy use and emissions.
BDO said its efforts are guided by its board-approved Sustainable Finance Framework, which covers 29 eligible categories under green, blue, social and gender financing.
