Alternergy inks P2-B green loan deal with BDO

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.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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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.
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