Levanta Secures Full Funding for 166MW Solar-BESS in PH

• Levanta Renewables locks full financing for its 166MW solar-plus-80MWh BESS project in the Philippines—ready for construction and reinforcing momentum in big-scale clean energy.

Levanta Renewables, a portfolio company of UK investor Actis, has reached financial close on a large Philippine renewable project combining 166 MWp of solar PV with an 80 MWh battery energy storage system. The development is among the biggest integrated solar-plus-storage schemes currently advancing toward construction.

A consortium of local and international lenders arranged the financing package to fund the clean energy infrastructure. The battery is designed to smooth renewable output, improve supply reliability during peak demand, and strengthen energy security while reducing reliance on imported fossil fuels. The deal underscores the Philippines’ accelerating investment in solar and storage technologies.

What does full financing enable for Levanta’s 166MW solar-plus-80MWh storage project?

• Signals strong momentum in the Philippines’ power sector: a 166MWp solar plant paired with 80MWh storage reaching financial close indicates projects of meaningful scale are moving from planning into bankable execution.
  
• Reinforces the shift from energy-only generation to “capacity-plus-flexibility,” as storage helps manage intermittency and supports more dependable electricity supply, especially during evening peaks.
  
• Strengthens grid resilience and reliability: battery systems can provide faster output adjustments than conventional generation, helping stabilize supply when demand surges or solar output dips.
  
• Supports energy security goals by enabling higher renewable penetration while reducing the operational reliance on imported fuels for balancing and peaking needs.
  
• May help reduce system-wide volatility in power supply: smoother renewable generation can lower the need for costly short-term generation dispatch.
  
• Demonstrates growing confidence from local and international financiers in Philippine solar-plus-storage economics, which can improve access to capital for future developers.
  
• Creates a clearer benchmark for project structuring in the market, including how solar generation and storage revenue and performance risks are packaged for lenders.
  
• Likely contributes to the country’s decarbonization pathway by backing additional low-carbon generation capacity with firming capabilities that make renewables more usable.
  
• Can accelerate related investment in grid integration and technical capabilities (controls, dispatch, and system planning), which are increasingly important as more solar capacity comes online.
  
• Points to continued investor appetite in the archipelago’s developing energy infrastructure pipeline—potentially encouraging follow-on announcements, expansions, and competitive procurement interest.
  
• Helps the Philippines progress toward meeting renewable and reliability objectives simultaneously, addressing both the “how much renewable” question and the “how stable is the supply” challenge.