Private equity investment firm New Wave Strategic Holdings Inc. and Malaysian government-backed investment fund Emissary Capital Partners Sdn Bhd are eyeing to invest $50 million into the Philippines’ renewable energy market.
Key officials of Philippine-based private equity investor New Wave Strategic Holdings Inc. and Malaysian state-backed fund Emissary Capital Partners Sdn Bhd present their proposed $50-million investment to help boost the development of the country’s renewable energy sector during President Ferdinand Marcos, Jr.’s three-day Malaysian state visit last week. Photo: New Wave and Emissary Capital
The investment proposal was presented to President Ferdinand Marcos Jr. during his three-day state visit in Malaysia last week. “Our value proposition is more than capital. We help businesses scale within the Philippines and can open up regional Southeast Asia access,” Gonzalez added. With this, the companies said that equipping developers with an additional war chest with value-added involvement in pre-development work will translate to attractive returns for the funds.
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