PNB Capital bags twin sustainable finance awards

Philippine National Bank’s (PSE: PNB) investment banking arm, PNB Capital and Investment Corporation, has earned two major honors at The Asset Triple A Country Awards held at the Four Seasons Hotel in Singapore on 2 July.

PNB Capital was cited for its excellence in sustainable finance, winning “Renewable Energy Deal of the Year–Solar” and “Renewable Energy Deal of the Year–Rooftop Solar.”

“These wins are not just milestones for our team, but for the communities and industries we serve,” PNB Capital President Gerry Valenciano said.

“We are proud to play a part in accelerating the Philippines’ transition to clean energy by mobilizing capital towards projects that deliver real social and environmental impact.”

The solar award recognized PNB Capital’s role as lead financial advisor and arranger for the PHP18.23-billion project finance facility of 3 Barracuda Energy Corporation for its 650.1-MWp Bugallon Solar Power Project in Pangasinan, under MGreen (Meralco PowerGen Corp.) and Vena Energy. The deal highlighted the firm’s capability in structuring large-scale transactions that support national sustainability targets.

Meanwhile, the rooftop solar award was given for arranging a P2.16-billion syndicated term-loan facility for Buskowitz Energy Inc. to develop, construct, and operate rooftop solar PV systems nationwide, aimed at promoting sustainable energy practices and easing peak power demand.

The twin wins reinforce PNB Capital’s growing leadership in renewable energy financing, with both projects expected to contribute to energy security, job creation, and improved living standards in host communities.