ABOITIZ Renewables, Inc. (ARI) has secured a P20-billion loan agreement with state-led Land Bank of the Philippines to fund the expansion of its renewable energy (RE) portfolio, its parent firm said.
ABOITIZ Renewables, Inc. has secured a P20-billion loan agreement with state-led Land Bank of the Philippines to fund the expansion of its renewable energy portfolio, its parent firm said.
He said the loan will fund the ongoing expansion of AboitizPower’s renewable energy arm including the development of new RE plants. She said the company is looking forward to continuing to work with the bank and other financial institutions “as we drive the growth of renewable energy in the country.” Data from its website show that together with partners, the group’s total net sellable capacity was at 5,322 MW, with an energy mix of 23% Cleanergy and 77% thermal energy. Cleanergy is the company’s renewables brand.
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