To subscribe, advertise or contribute articles to www.asiamanufacturingnewstoday.com contact publisher@xtra.co.nz
  • Home
  • Advertise
  • Subscribe
  • Archives
Asia Manufacturing News
The official site for the Asia Manufacturing News magazine
  • Home
  • AI
  • Analysis
  • Aviation
  • Big Data
  • Business News
  • Calendar
  • Case Studies
  • Change the Conversation
  • Climate Change
  • Covid-19
  • Developments
  • Energy
  • Engineering
  • Events
  • Manufacturing Technology
  • Innovators
  • IoT
  • Manufacturing Technology
  • News
  • Product News
  • Smart Manufacturing
  • The Creative Class
  • The Interview
  • Webinars

News Ticker

Secutech 2025 concludes with optimism and strong affirmation of growth
Zoomlion’s grand debut at 2025 Changsha International Construction Equipment Exhibition
CeMAT Southeast Asia returns to Singapore 
HRS Heat Exchangers, Stand AJ51, ProPak Asia 2025, Bangkok, Thailand
Embracing Automation: Addressing ASEAN’s Manufacturing Challenges
Operationalising AI for Manufacturing in ASEAN
Sumitomo Rubber Industries selects Rockwell Automation to standardise global plant operations
SANY Empowers Intelligent Port Construction to Achieve Major Breakthrough

Nexif Ratch Energy Secures Financial Close 145MWp Bacolod Solar Power Project in the Philippines

Nexif Ratch Energy, a leading independent power producer focused on renewable energy solutions, is thrilled to announce the financial close of its 145MWp Bacolod Solar Power Project, its second solar power project in the Philippines.

The Bacolod Solar Power Project, developed by Negros PH Solar Inc, is located across Bacolod City and Bago City in the Negros Occidental province. It is a 145 MWp ground-mounted solar photovoltaic project that will connect to NGCP’s Bacolod Substation and can potentially power to up to 52,600 households. Majority of its output will be sold through a 10-year Power Supply Agreement to a subsidiary of Aboitiz Power Corporation, with the remainder to the Wholesale Electricity Spot Market.

The project investment of more than US$100m is funded by equity from Nexif Ratch Energy and project finance facilities from Security Bank Corporation and Philippine National Bank on a limited recourse basis, with SB Capital Investment Corporation acting as the Mandated Lead Arranger and Bookrunner and PNB Capital and Investment Corporation acting as Arranger.

Construction is set to begin in October 2024, with the goal of achieving commercial operations by Q4 2025. Focus is now on an expansion on the existing site, through increased solar PV capacity of up to 20 MW and a Battery Energy Storage System.

Beyond its Calabanga and Bacolod solar projects, Nexif Ratch Energy is developing wind energy projects including the San Miguel Bay Project, a nearshore wind project with a capacity of up to 500 MW and the Lucena Project, an offshore wind project with a capacity of up to 475 MW.

Mr Surender Singh, Chairman of Nexif Ratch Energy, said “The successful financial close of our 145MWp Bacolod Solar Farm highlights the exceptional collaboration with our partners and the dedication of our local development team. We are excited to bring this project into construction. This Financial Close, in quick succession to start of commercial operations of Calabanga Solar project and rapid progress that more than 900 MW of the wind projects, showcase our commitment to Philippine renewable energy.”

Mr. Sakarin Tangkavachiranon, Director of Nexif Ratch Energy, added: “Reaching financial close for the 145 MWp NPSI solar project is a key milestone in our growth in the Philippines. This achievement, along with the start of commercial operations for our CARE solar project, lays a strong foundation for accelerating the development of our offshore wind projects in the country.”

For more information, please visit www.nexifratch.com.

About Nexif Ratch Energy:

Nexif Ratch Energy is a renewable energy company that originates, acquires, develops, constructs, and operates power projects in the Asia Pacific region. Headquartered in Singapore with regional offices across Southeast Asia, the Company has a 298 MW portfolio of operating and under construction hydro, solar and wind assets and a development pipeline of wind, solar, and energy storage projects totaling 3.5 GW.

Nexif Ratch Energy is owned 51% by Nexif Energy (Singapore) and 49% by RATCH Group (Thailand).

Share this:

Related Posts

ASEAN-GCC-CHINA

Analysis /

ASEAN-GCC-China collaboration signals growing demand for multilateralism

Securetech 2025.jpg 2

Business News /

Secutech 2025 concludes with optimism and strong affirmation of growth

Zoomlion-s-Grand-Debut-at-2025-Changsha-International-Construction-Equipment-Exhibition-Anchors-Stro

Developments /

Zoomlion’s grand debut at 2025 Changsha International Construction Equipment Exhibition

‹ Policy Address by Hong Kong SAR’s Chief Executive John Lee: New Initiatives to Propel Economic Growth › Malaysia’s nearshoring edge: A gateway to Southeast Asia

28th May 2025

Recent Posts

  • ASEAN-GCC-China collaboration signals growing demand for multilateralism
  • Secutech 2025 concludes with optimism and strong affirmation of growth
  • Zoomlion’s grand debut at 2025 Changsha International Construction Equipment Exhibition
  • Trymax Semiconductor Equipment B.V. reaches 500 process chamber installations in Asia
  • Meet Sidel at ProPak Asia 2025 – Discover Aseptic & Digital Innovations
  • Hong Kong and Middle East: Partnering for Success
  • 67th Session of the APO Governing Body sets strategic direction for a unified productivity vision
  • Asia Industrial Online Exhibition 2025
  • Secutech 2025 to uncover range of advanced security and fire safety solutions 
  • CeMAT Southeast Asia returns to Singapore 

Categories

  • AI
  • Analysis
  • Aviation
  • Big Data
  • Business News
  • Calendar
  • Case Studies
  • Change the Conversation
  • Climate Change
  • Covid-19
  • Developments
  • Energy
  • Engineering
  • Events
  • Innovators
  • IoT
  • Manufacturing Technology
  • Manufacturing Technology
  • News
  • Product News
  • Smart Manufacturing
  • The Creative Class
  • The Interview
  • Uncategorized
  • Webinars

Archives

Back to Top

  • Home
  • AI
  • Analysis
  • Aviation
  • Big Data
  • Business News
  • Calendar
  • Case Studies
  • Change the Conversation
  • Climate Change
  • Covid-19
  • Developments
  • Energy
  • Engineering
  • Events
  • Manufacturing Technology
  • Innovators
  • IoT
  • Manufacturing Technology
  • News
  • Product News
  • Smart Manufacturing
  • The Creative Class
  • The Interview
  • Webinars

To subscribe, advertise or contribute articles to asiamanufacturingnewstoday.com contact publisher@xtra.co.nz

(c) Asia Manufacturing News, 2025