Alternergy Holdings Corporation (Alternergy) has borrowed Php 8 billion from two banks to fund the construction of a 112-megawatt (MW) wind power project in Rizal province. Alternergy’s indirect wholly owned subsidiary, Alternergy...
Lopez-led First Gen Corporation has secured a Php 20 billion term loan agreement with local banks, BDO Unibank, Inc. (BDO), and Bank of the Philippine Islands (BPI) for acquiring the 165-megawatt (MW)...
A study by the clean energy advocate group Withdraw from Coal: End Fossil Fuels (WFC-ECC), revealed that Philippine banks have provided financial support totaling $1.8 billion to coal and gas-fired power projects....
Pilipinas Shell Petroleum Corp. (SHLPH) has secured a Php 9 billion loan from the Bank of the Philippine Islands (BPI) and Metrobank. “The loan will reduce SHLPH’s exposure to short-term volatilities in...
Ayala-led ACEN has secured a Php13.7 billion loan to fund the transition of its 270-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant in Calaca, Batangas. In a statement on Monday,...
SN Aboitiz Power Group (SNAP) announced on Tuesday has tapped Japanese firm Hitachi Energy as the engineering, procurement, and construction (EPC) contractor for its 20-megawatt (MW) battery energy storage system (BESS) project...
The Bank of the Philippine Islands (BPI) says it is bullish on solar power investments in the country, calling it a “low-hanging fruit” for most companies that can cut energy costs in...
First Gen Corporation, through subsidiary Prime Meridian Powergen Corporation (PMPC), said it has been granted a Php2.8-billion three-year loan primarily to fund the general and corporate working capital requirements of the 97-megawatt...
