Alternergy board OKs green loan plan

By Ed Paolo Salting

May 09, 2024 12:20 am

RENEWABLE energy firm Alternergy Holdings Corp. said Wednesday that its board of directors has approved plans to secure up to P4 billion in green loans to fund solar and wind projects.

'We are pleased to receive final board go-signal to expand the company's capital-raising initiatives. This would boost the financial capacity of our shovel-ready projects to immediately commence construction,' Alternergy President Gerry Magbanua said.

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