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Singapore-based fund manager Clime Capital has partnered with solar provider Upgrade Energy Philippines , which is a key player in the country's solar project landscape.The investment was made through the South East Clean Energy Fund II . The SEACEF II has the capability to invest up to US$ 10 million in UGEP.
“I am optimistic about the venture, given the immense renewable energy potential in the Philippines. Developing infrastructure is an urgent task so we can meet the Department of Energy's ambitious targets of 35% renewable energy by 2030 and 50% by 2040 – and accelerated funding is essential to seizing the current opportunity,'' Ruth Yu-Owen, Upgrade Energy, said in a press release.
Upgrade Energy Philippines South East Clean Energy Fund II Solar Power
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