Land Bank of the Philippines (LANDBANK) has granted a ₱800-million financing facility to Archipelago Renewables Corporation (ARC) to support the rollout of smart, hybrid renewable energy microgrids in 14 underserved barangays in Palawan.
The funding will be used to build 16 off-grid microgrids and 175 kilometers of distribution networks within the franchise area of the Palawan Electric Cooperative (PALECO).
Once completed, the project is expected to deliver round-the-clock electricity to 7,100 households, more than 300 small businesses, and key community facilities, benefiting over 30,000 residents.
The hybrid microgrid systems will combine solar photovoltaic (PV) technology, battery energy storage systems (BESS), and diesel backup generators to provide stable and affordable power to remote communities.
“This initiative goes beyond building infrastructure; it powers opportunity. By combining clean solar energy with innovative financing, we are strengthening communities, supporting local enterprises, and accelerating inclusive growth in underserved areas. This is how we move forward—sustainably and responsibly,” Lynette V. Ortiz, LANDBANK president and chief executive, said.
Atem S. Ramsundersingh, WEnergy Global chief executive, said LANDBANK’s commitment to empower Filipinos for a better future and WEnergy Global’s mission of powering change meet where it matters most: in the daily lives of families, children, and small entrepreneurs who need reliable electricity to learn, work, thrive, and build a better future.
“This partnership is about turning finance into economic and social impact, so a shopkeeper can keep her doors open longer, a child can study after sunset, and communities can move from darkness to opportunity. We are grateful to LANDBANK for going to the ground, seeing the impact firsthand, and joining us in the hard work of rural electrification and keeping development financing meaningful,” he added.
ARC President Quintin Jose V. Pastrana said the project marks a major step in expanding private-sector participation in off-grid electrification.
“We are proud to build and expand this robust foundation with LANDBANK, one that represents the largest private sector venture in off-grid electrification, beginning with our host communities in Palawan, Quezon, and Cebu,” Pastrana said.
ARC’s microgrid portfolio has been recognized as an energy project of national significance, supporting efforts to expand electrification in underserved areas across the country while reducing dependence on fossil fuel-based generation and promoting cleaner energy alternatives.