🚀 First Gen Acquires 40% Stake in Prime Infrastructure's Hydropower Portfolio for $1.3 Billion
#FirstGen #PrimeInfrastructure #Hydropower #RenewableEnergy #SustainableEnergy #Philippines #Investment #Acquisition #EnergySector
First Gen Corporation has announced its acquisition of a 40% stake in Prime Infrastructure Capital's hydropower portfolio, valued at $1.3 billion. Bloomberg posted on X, highlighting the significance of this transaction for the Philippine companies involved. This strategic move is expected to enhance First Gen's renewable energy capabilities and expand its presence in the hydropower sector. The deal underscores the growing interest in sustainable energy solutions within the region.#FirstGen #PrimeInfrastructure #Hydropower #RenewableEnergy #SustainableEnergy #Philippines #Investment #Acquisition #EnergySector