Covering companies in the Philippines and other parts of Southeast Asia based in Manila.
Manuel Pangilinan, chairman of Philippine Long Distance Telephone and Philex Mining Corporation, at a press conference in Manila in 2012.SP New Energy, a subsidiary of Manila Electric that includes tycoon Manuel Pangilinan-led Metro Pacific Investments and billionaire Lance Gokongwei’s JG Summit among its shareholders, has raised $600 million for integrated solar and energy storage projects.
Terra Solar is building a $3.5 billion solar farm with 3.5 gigawatts in peak capacity that will be combined with 4.5 gigawatt-hours of battery energy storage capability. The project, located 100 kilometers north of Manila, is set to be the world's largest integrated renewables and energy storage project, according to Actis.
“The scale of the Terra Solar project and its capacity to provide clean power is enormous,” Lucy Heintz, partner and head of Energy Infrastructure at Actis, said in a statement. “It’s the single biggest such project in the world, visible from space.”
Energy Innovation Billionaires Tycoon Pangilinan Reels
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