Vena Energy, a leading green solutions provider in the Asia-Pacific region, in partnership with MGen Renewable Energy Inc. (“MGreen”), the renewable energy arm of Meralco PowerGen Corporation (“MGen”), has secured Php18.3 billion in financing from Security Bank Corporation, Rizal Commercial Banking Corporation, and Philippine National Bank. These funds will partially finance the construction of a 550 MWp / 450 MWac solar power facility in Bugallon, Pangasinan. Once operational, the Project will stand among the largest solar power plants in the Philippines.
Negotiations were led by PunoLaw finance team Senior Partners Jonathan P. Serrano, Minerva A. Santos, and Deborah S. Acosta-Cajustin. They were assisted by Senior Associate Ariadne Rauz F. Villanueva, Junior Associates Gladys Jane M. Dela Cruz, and Apollo Julius S. Sta. Maria.
The PunoLaw land team that performed the due diligence was led by Senior Partners Ranulfo G.V. Payos Jr. and Deborah S. Acosta-Cajustin. They were assisted by Junior Associates Francesca Angela C. Guingona, Gladys Jane M. Dela Cruz, Joseph Eliezer C. Susano, Justine Kaye O. Solano, and Don Marc Angelo A. Razon
