Terasu Energy Inc. (TEI) #45496
Created at
2024-06-04
Last update
2024-09-13
2 Parents (Involvements as child)
ID
Name
Sindicatum Renewable Energy Holdings Philippines, Inc.
Country of registration/origin
Philippines
Classification
Private company
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
The developer, Terasu Energy Inc. (TEI), is a Special Purpose Vehicle (SPV) formed by Sindicatum Renewable Energy Holdings Philippines, Inc. (a subsidiary of SREC) to develop a 40MWAC (60WMpDC) Solar PV Plant near Concepcion, Philippines.
ID
Name
Development Bank of the Philippines
Country of registration/origin
Philippines
Classification
State-/government (owned) company
Relationship
Tertiary investor/lender
Investment type
Debt financing
Loan amount
1 650 000 000
₱
Loan date
2019-09-20
Comment
The Development Bank of the Philippines (DBP) on Friday said it has signed a P1.65-billion loan agreement with Terasu Energy, Inc. (TEI) to partially finance the construction of a 40-megawatt solar power farm in Concepcion, Tarlac.
0 Children (Involvements as parent)
1 Deals (Involvements as Operating company)
ID
Target country
Philippines
Current intention of investment
Solar park
Current negotiation status
Concluded (Contract signed)
Current implementation status
Startup phase (no production)
Deal size
0 ha