According to an Oct 23 announcement, the US$55 million Development and Construction Loan will finance up to 2 gigawatts (GW) of generation capacity and up to 760 megawatt-hours (MWh) of battery storage capacity in the Philippines.
Pentagreen Capital, the manager of a blended finance strategy under Singapore’s Financing Asia’s Transition Partnership (Fast-P) initiative, has announced a US$55 million ($71.47 million) loan with Citicore Solar Energy Corporation to finance solar, hybrid solar and battery storage projects in the Philippines.
Citicore Solar Energy Corporation is part of the Citicore Renewable Energy Corporation.
