SyCipLaw advises San Carlos Sun Power, Inc. and BDO Unibank, Inc. in first Philippine solar power project financing deal

March 15, 2016

2015IFLR

BDO Unibank closed the first Philippine project financing deal for a solar power project last December 16, 2015. The project belongs to San Carlos Sun Power, Inc. (SaCaSun), a joint venture between Aboitiz Renewables, Inc., and SunEdison Philippines Helios B.V. The Php3.25 Billion project financing deal is for a 58.98MWp solar power project located in Barangay Punao, San Carlos City, Negros Occidental, Philippines. BDO is the sole lender, with BDO Capital & Investment Corporation acting as Mandated Lead Arranger, and BDO Unibank, Inc-Trust and Investments Group acting as Facility Agent and Security Trustee.

SyCipLaw fielded two teams for this key deal, with one advising SaCaSun, and another, the BDO group.

The SyCipLaw team for SaCaSun was led by partners Rose Marie M. King-Dominguez and Arlene M. Maneja, with senior associate Leah C. Abutan and associates Efren Dominique M. Chatto, Marianne C. Sibulo and April Grace U. Soller.

The SyCipLaw team for BDO was led by partner Marievic G. Ramos-Añonuevo, with senior associates Jan Celine C. Abaño-Ranada and Bhong Paulo A. Macasaet and associate Aldous Benjamin C. Camiso.