Clime Capital Management Private Limited has revealed plans to invest up to USD10 million in Upgrade Energy Philippines to deploy solar energy infrastructure across Philippines.
This funding is provided through the Southeast Asia Clean Energy Fund. Upgrade Energy, which began with its first rooftop solar installation in 2015, aims to exceed 50 MW of installed solar capacity by the end of 2024. The company is also planning to develop 700 MW of solar projects over the next four years, including commercial, industrial, and utility-scale projects such as a solar development in Zambales.