Derisking Facility for Geothermal Energy Projects Set for December 2025
Manila: Energy Secretary Sharon Garin on Tuesday expressed optimism that the derisking facility eyed for geothermal energy projects will be in place by December 2025 to encourage more investments and boost capacity. In a media briefing on the sidelines of the Singapore International Energy Week, Garin said they are ‘wrapping up the agreement’ with Landbank of the Philippines for the facility, but she declined to give any amount. According to Philippines News Agency, the derisking facility will be managed by the Asian Development Bank (ADB), with the loan amounting to around USD250 million. The funding will be used to help