Security Bank, Solenergy forge solar loans deal

Security Bank is helping businesses acquire and maximize solar energy through its recent partnership with Solenergy, which installs photovoltaic panels and maintains solar power systems.

Security Bank chief financial officer and chairperson of sustainability committee Eduardo Olbes and Solenergy president and chief executive officer Thomas Peebles signed the deal providing solar energy loans to firms last 17 March 2025 at Security Bank Centre in Makati City, the bank announced on 27 April.

“With this collaboration, we aim to provide businesses with affordable access to clean energy, reduce operational cost, and support the Philippines’ efforts to build a greener, more sustainable future,” Olbes said.

The bank aims to double its clean energy loans portfolio this year. It also issues loans for geothermal, wind and run-of-river energy.

As of December 2024, Olbes said the bank granted corporations sustainability loans worth P70.9 billion. Out of this, P45 billion was granted for environmental projects, while the rest represented social or livelihood and other community empowerment projects.