Land Bank of the Philippines

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

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