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NEXGEN Energy Corp., a wholly-owned subsidiary of Pure Energy Holdings Corp. , is in talks with environmental, social and governance equity funds to help finance its renewable energy expansion program.
ESG funds invest in companies that have strong commitment to environmental preservation, socially responsible and have strong corporate governance. These funds are keen on renewable energy projects. It plans to use the proceeds to partially finance the equity portion for the development of the 5-megawatt Palauig 2 Solar Plant, an expansion of the existing 5-MW solar plant I Palauig in Zambales, partially finance the equity portions for the development of its 100-MW Silang Maragondon onshore wind power plant and its 40-MW Asisan onshore wind plant.
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