Bronzeoak Philippines JV secures funding for $90 million 20MW biomass plant

In the Philippines, Bronzeoak Philippines, Inc. and ThomasLloyd Cleantech Infrastructure Fund plan to invest $90 million in a 20MW biomass-fired power plant co-located at its 22MW solar farm in San Carlos. The facility’s funding has been secured on a 30-70 basis and construction should take up to 24 months. China’s Wuxi Wagwang has been hired as the EPC contractor for the project.