LONDON-BASED investment house Actis formalized its $600-million investments in the Philippines for the development of the country's largest single-site solar power project.
LONDON-BASED investment house Actis formalized its $600-million investments in the Philippines for the development of the country's largest single-site solar power project.Manila Electric Co. and SP New Energy Corp. signed an agreement with Actis at Meralco's headquarters in Pasig City on Friday for the Terra Solar project, the largest of its kind in the Philippines and in the world.
The project was recently awarded by the Board of Investments with a certificate of green lane endorsement to expedite all permits and licenses related to the project.Emmanuel Rubio, Meralco PowerGen Corp. president and chief executive officer, said Actis' investments support the government's aspiration for a more sustainable energy sector.
Firm Invests $600M In PH Solar Project
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