ATN Philippines Solar Energy Group Inc. plans to raise P1 billion from its planned initial public offering, which will bankroll its entry into renewable energy development.
The board said that it would look to develop a plot of land that it owns in Rizal into a “50 – 100MW Solar PV Project” through a joint venture agreement with “key energy partners”.
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ATN Holdings Inc. is planning to list its solar power subsidiary by way of introduction and then raised funds from a follow-on offering to take advantage of growing demand for renewable energy sources. In a disclosure to the Philippine Stock Exchange, ATN said its chairman informed the Board of Dir