Emerging Power Inc. (EPI), the renewable energy arm of natural resources leader Nickel Asia Corporation (NAC), has clinched a major regional accolade for its flagship solar venture at the prestigious Asset Triple A Awards Sustainable Infrastructure Finance Awards 2026.
The company's 145-MWp facility in Subic was named Renewable Energy Deal of the Year – Solar (Highly Commended) for the Philippines. The award recognizes the landmark PHP 5.175 billion project finance senior term loan facility secured by Northern Palawan Power Generation Corporation to support the development and construction of the Cawag Solar Power Project in Subic Freeport, Zambales.
L-R: EPI Funding and Deals Senior Manager Benedict Allan Guinto; EPI Chief Finance Officer Edward De Leon
Once operational, the Cawag plant is expected to power more than 90,000 households and establishments while reducing greenhouse gas emissions by an estimated 132,000 metric tons annually.
"This recognition reflects the collective efforts of our partners and stakeholders in advancing infrastructure projects that create long-term value for communities," said Martin Antonio G. Zamora, President and CEO of NAC and EPI. "It also supports the country's transition toward a future powered by green energy."
Strategic Financing Partnerships
EPI served as the sponsor for the award-winning transaction, backed by major domestic financial and legal institutions:
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Sole Arranger: RCBC Capital Corporation
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Sole Lender: Rizal Commercial Banking Corporation (RCBC)
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Legal Advisers: Romulo Mabanta Buenaventura Sayoc & De Los Angeles, alongside Martinez Vergara & Gonzalez Sociedad
The Asset Triple A Awards, presented by Hong Kong-based financial publication The Asset, use a rigorous, independent methodology to recognize outstanding achievements in banking, finance, and capital markets across Asia.
Moving forward, EPI remains committed to expanding its renewable energy portfolio to strengthen national energy security, support NAC's broader sustainability roadmap, and advance United Nations Sustainable Development Goal 7 (Affordable and Clean Energy).
Emerging Power Inc. (EPI) is the renewable energy subsidiary of Nickel Asia Corporation (NAC). EPI is dedicated to developing transformative clean energy projects—including solar, wind, and geothermal installations—to drive the Philippines' transition toward a sustainable and secure energy future.
