MVGS Recognized at The Asset Triple A Awards for Renewable Energy Deal of the Year – Solar
The Firm is honored to be recognized with the Renewable Energy Deal of the Year – Solar award at The Asset Asian Awards (“Triple A Awards”) for its advisory role in the ₱18.23 billion project finance facility of 3 Barracuda Energy Corporation, a joint venture between Vena Energy and MGen Renewable Energy Inc.
This landmark transaction supports the development and construction of the 550 MW Bugallon Solar Power Project in Bugallon, Pangasinan, which is poised to become one of the largest solar power facilities in the Philippines. Once operational, the plant is expected to generate approximately 958 GWh of clean energy annually—enough to power over 810,000 households and reduce greenhouse gas emissions by an estimated 640,000 tons each year.
MVGS acted as counsel to the lenders: Rizal Commercial Banking Corporation, Security Bank Corporation, and Philippine National Bank. The transaction was handled by the MVGS Team led by Senior Partner Atty. Manuel Gonzalez and Partner Atty. Erika Paulino and supported by Associates Attys. Claudine Bernas, Genevieve Mañalac, Floricar Manalo, and Tonee Bayhon.
Attys. Gonzalez and Paulino received the award during the gala dinner last 2 July 2025 at the Four Seasons Singapore.
The Asset Triple A Awards, presented by the Hong Kong-based financial publication The Asset, celebrates excellence in banking, finance, treasury, and the capital markets across Asia. This recognition reflects the Firm’s continued commitment to supporting transformative energy projects that advance the country’s transition to sustainable power.