Planned $54m float could drive first 50 MW of Philippines mega solar project

Developer Solar Philippines had previously stated the proceeds of a stock market float of its solar project company could finance an initial 225 MW of generation capacity but that figure now appears to have come in significantly.The stock market float planned by Filipino developer Solar Philippines to get its 500 MW Peñaranda solar project off the ground could raise up to PHP2.7 billion ($54.1 million), the company has announced. However, previously trailed plans to use the proceeds of the initial public offering (IPO) of the solar plant project company to fund an initial 225 MW of generation ...

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