Energy Industry News

Alternergy inks P2-B green loan deal with BDO

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 20 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 92%

Alternergy News

Inks,P2-B,Green

RENEWABLE energy firm Alternergy Holdings Corp. (Alternergy) has signed a green loan with BDO Unibank Inc. (BDO) to fund projects under development.

RENEWABLE energy firm Alternergy Holdings Corp. has signed a green loan with BDO Unibank Inc. to fund projects under development.In a disclosure, the firm said that the P2-billion omnibus loan and security agreement with BDO was inked on Wednesday.'This marks the first issuance of our green corporate loan facility under Alternergy's green finance framework,' company president Gerry Magbanua said.

Romulo Law was the lender's counsel and MVGS Law took on the role for the borrower.Alternergy said the P2-billion loan was part of a capital funding strategy for the construction of its renewable power projects, particularly the Tanay and Alabat wind power facilities in the provinces of Rizal and Quezon, respectively, and the Solana solar power development in Hermosa, Bataan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ENERGY

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.

Alternergy board OKs green loan planRENEWABLE energy firm Alternergy Holdings Corp. said Wednesday that its board of directors has approved plans to secure up to P4 billion in green loans to fund solar and wind projects.
Source: TheManilaTimes - 🏆 2. / 92 Read more »