London-based investment house Actis formalized its USD600 million investments in the Philippines for the development of the country’s largest single-site solar power project.

Manila Electric Corp. (Meralco) and SP New Energy Corp (SPNEC) signed an agreement with Actis at Meralco’s headquarters in Pasig City Friday for the Terra Solar project, the largest of its kind in the Philippines and in the world.

“From Actis' side, we're very honored and excited to invest USD600 million into that, which I believe is the largest FDI (foreign direct investment) into the greenfield infrastructure here in the Philippines,” Actis chair and senior partner Torbjorn Caesar said.....

More https://bit.ly/3XAghQr

Via PNA