Project Case Study – International Financing Secured for BESS Project in the Philippines
Project Context
A regional project developer was seeking capital for a hybrid solar + Battery Energy Storage System (BESS) installation to support grid stability and industrial peak shaving in the Philippines. The developer had already secured permits and a strong offtake partner but lacked the financial structuring capacity to approach international investors.
They engaged WeConnect Asia to facilitate access to overseas financing, enhance the bankability of the project, and structure a robust investor package tailored for climate-focused funds.
Client Objectives
1. Raise USD 8–12 million in blended equity/debt
2. Validate the project’s bankability and readiness for international finance
3. Identify strategic partners to co-develop or co-invest
4. Align the financing process with ESG and impact reporting standards
Challenge
1. Local developer with limited track record with international financiers
2. Technical documentation existed but lacked investor-grade formatting
3. No dedicated internal team to lead financing outreach
4. Perceived risk of the Philippines’ policy and grid volatility
Project Structuring & Capital Access (10 weeks):
1. Performed audit of technical, financial, and legal project documentation
2. Identified gaps and packaged the project into an investor-ready teaser + datasheet
3. Leveraged European climate finance network to identify relevant funds
4. Introduced 3 serious investors (1 strategic, 2 financial) with ASEAN BESS appetite
5. Advised on negotiation strategy and funding timelines
1. Project financing discussion launched with two shortlisted parties
2. First term sheet received within 9 weeks from outreach
3. Developer secured co-development support including EPC advisory
4. Enhanced credibility with local stakeholders by naming international partners
5. Set up financing model reusable for future projects in Vietnam and Indonesia
1. Mid-size developers in ASEAN can unlock international capital with the right packaging and introductions
2. Blended finance models (equity + concessional debt) remain underused in Southeast Asia
3. Technical readiness ≠ investment readiness — investors expect curated, risk-mitigated project decks
4. Positioning a project as part of a pipeline increases investor interest
|
Item |
Detail |
|---|---|
|
Sector |
Renewable Energy / Solar + BESS |
|
Client Type |
ASEAN Developer (Philippines-based) |
|
Geography |
Philippines |
|
Duration |
10-week financing facilitation sprint |
|
Services Activated |
Project Packaging, Capital Introduction, Structuring Advisory |
|
Outcome |
Term sheet secured, investor engagement, scalable financing model |
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