Buskowitz Rooftop Solar Project

Project Dates: October 2023 - December 2050
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 Buskowitz Rooftop Solar Project
PROJECT OBJECTIVE

Provide a $12 million loan to develop, construct, and operate up to 70 MW of rooftop solar power systems on commercial and industrial buildings in the Philippines.

PROJECT DESCRIPTION

A senior secured loan of up to $12 million in peso equivalent from ADB's ordinary capital resources to finance the development, construction, and operation of a portfolio of photovoltaic power systems on the rooftops of commercial and industrial buildings in the Philippines of up to 70 megawatts (MW).


SECTORS OR AREAS OF WORK
  1. Renewables
  2. Energy finance
  3. Energy transition

Region/Location

BUDGET

USD 12,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None
ADDITIONAL INFORMATION

The implementing agency is Buskowitz Solar Inc. The government partner is not available, and the project end date is set as 31 December 2050, indicating that the project is ongoing but the timeline cannot be specified due to confidentiality. More information at https//www.adb.org/projects/57065-001/main


BUDGET

USD 12,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. None