PANGILINAN-LED SP New Energy Corp. (SPNEC) on Friday said that subsidiary Terra Solar Philippines Inc. (MTerra Solar) had secured P150-billion omnibus loan facility from a syndicate of six banks to fund the construction of a solar project and battery energy storage system (BESS) in Nueva Ecija.
The solar farm, touted to be one of the biggest in the world once completed, is expected to generate 3,500 megawatt-peak (MWp) of energy and will be complemented by a BESS facility.
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