Alternergy Holdings Corporation and several partners are planning to invest some PHP20 billion in the next three to five years to put-up various renewable energy (RE) projects that can produce arou…
Alternergy Holdings Corporation and several partners are planning to invest some PHP20 billion in the next three to five years to put-up various renewable energy projects that can produce around 300 to 350 megawatts capacity.
“In the next three to five years, we have representative projects for each of these technologies and that’s part of the PHP20 billion,” he said. The company is also developing a battery energy storage in western Pacific, particularly in the Republic of Palau, and this is considered to be the largest solar hybrid project in the area to date.
He said that for each of the projects that are in the line-up, 70 percent will be financed by loans and 30 percent by equity –a system they have implemented since their previous projects.
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