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Aboitiz Renewables Inc., the renewable energy division of Aboitiz Power Corp, has secured a ₱7.4 billion loan from the Bank of the Philippine Islands to fund its 221 megawatt peak Zambales solar park. The project is 95% complete and expected to begin testing this quarter.

This solar facility, the largest project by Aboitiz Renewables to date, will connect to the national grid's Castillejos substation, contributing significantly to the Philippines' clean energy initiatives. Aboitiz Renewables aims to increase its generating capacity to 4,600 megawatts by 2030.