Alternergy said that it is seeking to raise P12-B in debt financing to build its Tanay Wind Power Project and Alabat Wind Power Project, and that it has selected BPI Capital, RCBC Capital, and SB Capital as the trio of investment banks that will arrange and structure the debt. ALTER said that this would be the largest project financing deal in its history.
as the trio of investment banks that will arrange and structure the debt. ALTER said that this would be the largest project financing deal in its history. The company expects to close the deal before the end of 2023, with the resulting construction of the two wind projects expected to be completed by 2025. Energy development is a capital-intensive business, but our renewable energy build-out can’t stop just because rates happen to be elevated.
Jenny was last spotted 485 kilometers east of Basco in Batanes, with peak winds of 155 km per hour near the center and gusts... At least two to three typhoons are expected to enter the Philippine area of responsibility this month as Tropical Storm Jenny...