Landbank lends P800-M for Palawan hybrid microgrid project

MANILA, Philippines – State-run Land Bank of the Philippines (Landbank) is lending P800 million to expand off-grid electrification in Palawan through hybrid renewable energy microgrids. In a statement on Tuesday, Landbank said it extended the financing facility to Archipelago Renewables Corp. (ARC), a special-purpose company established to develop and operate renewable and hybrid energy systems. READ: Green groups insist on shift to renewables Meanwhile, ARC is backed by the Maharlika Consortium, which comprises Maharlika Clean Power Holdings Corp. (MCPHC), CleanGrid Partners Pte. Ltd., and WEnergy Global Pte. Ltd. Driving clean energy access Under the project, ARC will build 16 off-grid microgrids […]... Keep on reading: Landbank lends P800-M for Palawan hybrid microgrid project