News Express for August 2023

1. August 1, 2023 – PH secures $50M in RE investment

Companies Main Business Investment

New Wave Strategic Holdings, Prepared to invest as much
Inc. (New Wave) - Singapore as $50 million to fund
Investment Firm companies engaged in the
Emissary Capital Partners Sdn RE, electric vehicle
Bhd (Emissary Capital) - industry and clean energy
Malaysia and smart grid enablers.

2. August 2, 2023 – PH, Portugal to collaborate on RE

Companies Main Business Potential Areas of Investment

 RE development
Energias de Portugal (EDP) Electric Utilities  Alternative fuels
 Development of offshore
wind, floating solar,
hydrogen, and ammonia
EDP Renewables (EDPR) Renewable Energy production using RE.
 LNG importation
 Improvement of transmission
and distribution lines

3. August 3, 2023 – Aboitiz unit, Vena Energy partners for 102MW wind project

Joint Venture Agreement  Aboitiz Renewables, Inc. (ARI)

 Vena Energy
Project Capacity 102MW Onshore Wind Project
Location  Rizal
 Laguna
Timeline  Financial Close: 2024
 Target of Commercial Operations: 2025