Among the interested parties is a regional renewable energy firm with a portfolio of solar and wind projects across the Asia-Pacific region, according to Alternergy.Alternergy, founded by former Energy Secretary Vicente Perez, declined to name the companies.
The project recently secured the required height clearance from the Civil Aviation Authority of the Philippines. It will be built on hilly properties in Rizal province at elevations of 300 to 600 meters above sea level. It is also among Alternergy’s projects that will be funded by the firm’s upcoming initial public offering.
Earlier, Magbanua expressed that the company was allotting P20 billion in capital expenditures in the next three to five years to fund its renewable energy projects. Alternergy aims to develop about 1,370 MW of clean energy projects in the next five years through offshore wind, onshore wind, solar, and run-of-river hydro projects.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: rapplerdotcom - 🏆 4. / 86 Read more »