International solar development platform ib vogt is proud to announce it has reached financial close for its Tantangan solar power project in the Philippines, backed by PHP 4.49 billion (USD 80 million) in green project financing from HSBC. Located in South Cotabato, the 99 MWp solar PV plant will play a key role in delivering affordable, renewable energy to the region and advancing the Philippines’ broader clean energy transition.

The project marks ib vogt’s second solar development in Mindanao, and has commenced construction in Q1 2025, with commissioning targeted for Q2 2026. The power plant will generate over 150 GWh of clean electricity annually, enough to power more than 82,000 households, and reduce over 66,000 tonnes of CO₂ emissions per year.

This is the latest collaboration between ib vogt and a global banking partner focused on driving climate-positive investment in Asia. HSBC’s green loan facility provides the critical momentum needed to bring this landmark project to life, accelerating progress on the ground and sending a strong signal to the region’s energy market.

David Ludwig, CEO of ib vogt APAC stated, “This project is especially meaningful to us, as it is our second power plant in Mindanao supporting the local community and the regional economy. We are very happy about our partnership with HSBC to jointly enable this project and make this contribution to the energy transition in the Philippines.”

This project is part of ib vogt’s growing development pipeline in the Philippines, with over 1,000 MWp in active development across the country. The Philippines is one of the company’s priority markets in Asia, and this milestone reflects ib vogt’s long-term commitment to supporting local communities, creating green jobs, and delivering bankable climate solutions.

About ib vogt

ib vogt is firmly committed to supporting the decarbonisation of the global electricity sector. The company focuses on the global development of turnkey PV plants and battery storage projects as well as the expansion of its IPP portfolio. In these areas, the company performs all integral services of the value chain from development, financing, EPC to O&M and asset management.

ib vogt APAC is headquartered in Singapore and has been active in Asia since 2012. It has established various subsidiaries across Asia-Pacific and is present in 10 markets. The company works together with numerous partners in the region augmenting its in-house team of over 150 staff in APAC and is supported by more than 1,000 industry experts worldwide. ib vogt has built or has in construction more than 4.7 GW of PV power plants globally with a project pipeline of more than 51 GWp with 10 GW in Asia.

For more information on ib vogt, visit www.ibvogt.com. 

Follow ib vogt APAC on LinkedIn at linkedin.com/company/ib-vogt-apac.

ib vogt (Singapore) Pte Ltd · 111A Telok Ayer · Singapore · Phone: +65 6995 0010

E-mail: info@ibvogt.com · Web: www.ibvogt.com