Energy & Mining

Prime Infrastructure Capital Inc. (Prime Infra) has secured P273.47 billion in financing for the development of 2,000 megawatts (MW) of pumped storage hydropower projects, strengthening its role in large-scale energy infrastructure.

Rising geopolitical tensions in the Middle East may unintentionally accelerate Southeast Asia’s shift toward renewable energy, as governments confront the economic risks of heavy dependence on imported fossil fuels.

Aboitiz Power Corp. said its renewable energy subsidiary has secured a P6.1 billion project finance facility from Bank of the Philippine Islands, the country’s 4th largest lender by assets, to fund the construction of a new wind power project in southern Luzon.

Alternergy Holdings Corp., a listed green energy company, is opting for financial flexibility over speed as global volatility clouds capital markets.

First Gen Corporation on Wednesday began construction of its first utility-scale solar facility, the 54-megawatt Inara Solar Power Plant, in Barangay Bilog-bilog, Tanauan City, Batangas Province.