1 of 1
Story summary
- SM Investments Corp. plans over $50 million to develop six geothermal concessions in the Philippines this year.
- SMIC CEO Frederic DyBuncio said SMIC’s geothermal unit is drilling in Malinao and will move to Labo.
- Geothermal development typically spans five years and requires multiple wells.
- First Gen Corp. plans to increase renewable investments to P41.7 billion, exploring Indonesia.
- First Gen Corp. will begin construction on its first major solar facility in Batangas.
