en.Wedoany.com Reported - Angeles Power Inc. (API) has secured a PHP 2 billion loan from the Bank of the Philippine Islands (BPI) to develop the 49.9 MWac PALDO CT solar project in Concepcion, Tarlac.

The funds will be partially used to construct this utility-scale solar facility, marking a significant step in the company's renewable energy expansion plan. The PALDO CT project aims to replace a 30 MW embedded power plant, aligning with the transition toward more sustainable energy sources. Once completed, the project is expected to enhance clean energy generation capacity in the region and support the Philippines' national goal of increasing the share of renewable energy in its energy mix.

Construction activities are progressing, with the first batch of solar panels already delivered to the project site. This project represents Angeles Power's continued investment in renewable energy infrastructure.

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