Land Bank of the Philippines has approved a P800-million loan for Archipelago Renewables Corp. to build hybrid solar-powered microgrids in 14 underserved barangays in Palawan, delivering 24/7 electricity to over 30,000 residents, small businesses, and key institutions while supporting cleaner energy and inclusive growth.
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State-owned Land Bank of the Philippines (Landbank) has approved an P800-million financing facility for Archipelago Renewables Corp. (ARC) to roll out hybrid renewable energy microgrids in 14 underserved barangays in Palawan, expanding electricity access to more than 30,000 residents.
In a statement issued on June 30, Landbank said the project will fund the construction of 16 off-grid microgrids and 175 kilometers of distribution lines within the franchise area of the Palawan Electric Cooperative. Once completed, the facilities are expected to provide round-the-clock electricity to about 7,100 households, more than 300 small businesses, and key community institutions.
The hybrid systems will combine solar photovoltaic panels, battery energy storage, and diesel backup generation to deliver more reliable and affordable power to remote communities.
“This initiative goes beyond building infrastructure; it powers opportunity. By combining clean solar energy with innovative financing, we are strengthening communities, supporting local enterprises, and accelerating inclusive growth in underserved areas. This is how we move forward—sustainably and responsibly,” Landbank President and Chief Executive Officer Lynette V. Ortiz said.
ARC is a special-purpose company backed by Maharlika Clean Power Holdings Corp., CleanGrid Partners Pte. Ltd., and WEnergy Global Pte. Ltd., which specialize in off-grid and hybrid power solutions.
The state-owned lender said the project has been classified as an energy project of national significance, supporting government efforts to expand electrification in underserved areas, promote cleaner energy sources, and reduce reliance on conventional fossil fuel generation.
“This partnership is about turning finance into economic and social impact, so a shopkeeper can keep her doors open longer, a child can study after sunset, and communities can move from darkness to opportunity,” said WEnergy Global Chief Executive Officer Atem S. Ramsundersingh.
Landbank recently announced a reduction in its InstaPay transfer fee to P8 from P15 and waived e-payment fees for select government merchants.
