Aboitiz Power secures ₧20-B loan from Landbank for RE | Lenie Lectura

📆 1/6/2023 10:30 AM
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Aboitiz Power Corp. through its clean energy subsidiary ARI, has secured a P20-billion loan from the Landbank to help attain its goal of growing its renewable energy (RE) portfolio to a total of 9,200 megawatts (MW). Know more:

Aboitiz Power Corp. , through its clean energy subsidiary Aboitiz Renewables Inc. , has secured a P20-billion loan from the Land Bank of the Philippines to help attain its goal of growing its renewable energy portfolio to a total of 9,200 megawatts .

“This loan will allow us to continue providing clean and sustainable energy to help meet the growing demand in the country,” Aboitiz Power Chief Renewables Officer James A. Villaroman. The power firm will spend P190 billion within this decade for an additional 3,700 MW of clean energy capacities. As of November 2022, the company has over 1,000 MW of disclosed and ongoing RE projects, which include solar, floating solar, hydro, and onshore wind.

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Aboitiz Power gets P20-b loan from LandBankAboitiz Power chief renewables officer Jimmy Villaroman said the long-term debt financing would finance ongoing and new RE power plants. READ:
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AboitizPower inks P20-B loan deal with Landbank to fund renewable projectsAboitiz Power Corp. has secured a P20-billion loan from the state-owned Land Bank of the Philippines to fund the growth of its renewable energy portfolio.  
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