The Development Bank of the Philippines (DBP), a government bank, has a P50 Billion fund that renewable energy investors can loan from when setting up Renewable Energy Projects in the Philippines.
With the passage of the renewable energy bill into law in the Philippines a few weeks ago it has made this sector attractive because of the guarantee of a share in the National Grid, some tax and VAT exemptions as well as the fact that the Philippines demand for electricity is fast out stripping supply. More of the benefits to investors of the Philippine Renewable Energy Law can be found here.
Two firms from Canada and the United Kingdom have already signed a MOA for the use of the fund in developing wind/hydro and biomass projects in the Philippines.
In line with this, they are also embarking on a local and international roadshow to promote investing in the Renewable Energy Sector of the Philippines.
[source]
Category: Clean Energy, Financing
