Two significant funding announcements have been made in the Philippines, highlighting the growth of renewable energy and health technology sectors in the country. San Jose Green Energy Corp, a subsidiary of Rizal Green Energy Corp (RGEC), has secured an $8.8 million loan facility to support the development of a 19.6 megawatt direct current solar power project in Nueva Ecija. The project, which is expected to generate 27 gigawatt-hours annually, will help reduce carbon emissions by offsetting around 18,900 tons of CO₂ emissions. The loan facility was provided by Rizal Commercial Banking Corp, with RCBC Trust Corp acting as facility agent and security trustee.
The San Jose Solar Power Project is a significant investment in the country’s renewable energy sector, which is expected to contribute to the Philippines’ goal of increasing its renewable energy capacity. The project is also a testament to the growing partnership between local and international companies in the development of clean energy projects. RGEC, a joint venture between Philippine-listed PetroGreen Energy Corp and Japan’s TAISE Corp, has already developed several renewable energy projects in the country.
In another development, Manila-based healthtech startup &you has raised an undisclosed amount in a pre-seed funding round led by New York-headquartered venture capital investor Everywhere Ventures. The funding will be used to scale the company’s engineering capabilities, expand its domestic operations, and prepare for entry into new markets. &you aims to address critical healthcare gaps in Southeast Asia by offering fully digital medical services, including online consultations with licensed doctors and FDA-compliant treatments delivered nationwide.
The investment in &you highlights the growing interest in health technology startups in the Philippines, which are seeking to address the country’s healthcare challenges through innovative solutions. &you’s platform is designed specifically for Southeast Asia’s fragmented healthcare infrastructure, with features such as mobile onboarding, streamlined prescriptions, and integrated logistics. The company’s goal is to increase access to quality healthcare services, particularly in rural and underserved areas. With the fresh funding, &you is expected to expand its services and reach more patients in the region.