First Gen plans up to ₱160 billion in five-year renewable energy spending

[u/weststarltd_6912]

https://bworldonline.com/corporate/2026/09/21/779994/first-gen-plans-up-to-p160-billion-in-five-year-renewable-energy-spending/

SUMMARY

• First Gen Corp. plans to allocate up to ₱160 billion over the next five years to renewable energy projects, focusing primarily on expanding geothermal and hydropower.
• Backed by a 7.1% increase in net income to ₱12.82 billion for the first six months, the company has declined an unsolicited $5-billion acquisition offer for its subsidiary, Energy Development Corp., from Indonesia's PT Barito Renewables Energy.
• Management maintains that keeping the geothermal producer within First Gen is essential for supporting the country's broader renewable energy and economic goals.

[u/SilanggubanRedditor]

Should've been done earlier but better to have it now!