3 Barracuda Energy Corporation (3BEC) #46886
Created at
2025-03-04
Last update
2025-03-05
8 Parents (Involvements as child)
ID
Name
Vena Energy
Country of registration/origin
Singapore
Classification
Private company
Relationship
Parent company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Comment
Vena Energy, a leader in sustainable and affordable green solutions across the Asia-Pacific region, has signed an investment agreement with MGen Renewable Energy Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corporation (MGen) for the joint construction of the 550MW Bugallon Solar Power Project, located in Bugallon, Pangasinan under 3 Barracuda Energy Corporation (3BEC). MGreen is expected to take a 50-percent stake in 3BEC.
Sources: Vena Energy News Release, Manila Standard Media Report
ID
Name
MGen Renewable Energy Inc. (MGreen)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Parent company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Ownership share
50.00 %
Comment
Vena Energy, a leader in sustainable and affordable green solutions across the Asia-Pacific region, has signed an investment agreement with MGen Renewable Energy Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corporation (MGen) for the joint construction of the 550MW Bugallon Solar Power Project, located in Bugallon, Pangasinan under 3 Barracuda Energy Corporation (3BEC). MGreen is expected to take a 50-percent stake in 3BEC.
Sources: Vena Energy News Release, Manila Standard Media Report
ID
Name
Rizal Commercial Banking Corp.
Country of registration/origin
Philippines
Classification
Stock-exchange listed company
Relationship
Tertiary investor/lender
Investment type
Debt financing
Comment
The Bugallon Solar Power Project under 3BEC is financed partly through a P18.3-billion ($325 million) green loan facility with Security Bank Corp., Rizal Commercial Banking Corp. (RCBC) and Philippine National Bank (PNB) serving as lenders and hedging banks.
SB Capital Investment Corp., RCBC Capital Corp. and PNB Capital and Investment Corp. are the mandated lead arrangers, while RCBC is the green loan coordinator.
Source: Manila Standard Media Report
ID
Name
Security Bank Corporation
Country of registration/origin
Philippines
Classification
Stock-exchange listed company
Relationship
Tertiary investor/lender
Investment type
Debt financing
Comment
The Bugallon Solar Power Project under 3BEC is financed partly through a P18.3-billion ($325 million) green loan facility with Security Bank Corp., Rizal Commercial Banking Corp. (RCBC) and Philippine National Bank (PNB) serving as lenders and hedging banks.
SB Capital Investment Corp., RCBC Capital Corp. and PNB Capital and Investment Corp. are the mandated lead arrangers, while RCBC is the green loan coordinator.
Source: Manila Standard Media Report
ID
Name
Philippine National Bank (PNB)
Country of registration/origin
Philippines
Classification
Commercial Bank
Relationship
Tertiary investor/lender
Investment type
Debt financing
Comment
The Bugallon Solar Power Project under 3BEC is financed partly through a P18.3-billion ($325 million) green loan facility with Security Bank Corp., Rizal Commercial Banking Corp. (RCBC) and Philippine National Bank (PNB) serving as lenders and hedging banks.
SB Capital Investment Corp., RCBC Capital Corp. and PNB Capital and Investment Corp. are the mandated lead arrangers, while RCBC is the green loan coordinator.
Source: Manila Standard Media Report
ID
Name
Security Bank Capital Investment Corporation
Country of registration/origin
Philippines
Classification
Investment Bank
Relationship
Tertiary investor/lender
Investment type
Debt financing
Comment
The Bugallon Solar Power Project under 3BEC is financed partly through a P18.3-billion ($325 million) green loan facility with Security Bank Corp., Rizal Commercial Banking Corp. (RCBC) and Philippine National Bank (PNB) serving as lenders and hedging banks.
SB Capital Investment Corp., RCBC Capital Corp. and PNB Capital and Investment Corp. are the mandated lead arrangers, while RCBC is the green loan coordinator.
Source: Manila Standard Media Report
ID
Name
PNB Capital & Investment Corp
Country of registration/origin
Philippines
Classification
Investment Bank
Relationship
Tertiary investor/lender
Investment type
Debt financing
Comment
The Bugallon Solar Power Project under 3BEC is financed partly through a P18.3-billion ($325 million) green loan facility with Security Bank Corp., Rizal Commercial Banking Corp. (RCBC) and Philippine National Bank (PNB) serving as lenders and hedging banks.
SB Capital Investment Corp., RCBC Capital Corp. and PNB Capital and Investment Corp. are the mandated lead arrangers, while RCBC is the green loan coordinator.
Source: Manila Standard Media Report
ID
Name
RCBC Capital Corporation (RCBC Capital)
Country of registration/origin
Philippines
Classification
Investment Bank
Relationship
Tertiary investor/lender
Investment type
Debt financing
Comment
The Bugallon Solar Power Project under 3BEC is financed partly through a P18.3-billion ($325 million) green loan facility with Security Bank Corp., Rizal Commercial Banking Corp. (RCBC) and Philippine National Bank (PNB) serving as lenders and hedging banks.
SB Capital Investment Corp., RCBC Capital Corp. and PNB Capital and Investment Corp. are the mandated lead arrangers, while RCBC is the green loan coordinator.
Source: Manila Standard Media Report
0 Children (Involvements as parent)
1 Deals (Involvements as Operating company)
ID
Target country
Philippines
Current intention of investment
Solar park
Current negotiation status
Concluded (Contract signed)
Current implementation status
Startup phase (no production)
Deal size
712 ha