MANILA  — Philippine power generator and distributor Manila Electric Co MER.PS is selling a 40% stake in a solar power subsidiary to global investment firm Actis for $600 million, the company said on Friday. Proceeds will be used for the joint development and expansion of the Terra Solar energy storage project, Manila Electric said in a statement. Terra […]The post Meralco to sell $600 million stake in solar subsidiary to Actis appeared first on Interaksyon.

https://interaksyon.philstar.com/business/2024/09/09/283047/meralco-to-sell-600-million-stake-in-solar-subsidiary-to-actis/

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