San Jose Green Energy has secured an $8.8 million loan facility for its solar power project, while Manila-based healthtech startup &you raised an undisclosed amount in its pre-seed funding round.
San Jose Green Energy secures $8.8m loan
San Jose Green Energy Corp, a subsidiary of Rizal Green Energy Corp (RGEC), has secured a 498-million pesos (about $8.8 million) term loan facility to support the development of a solar power project in Nueva Ecija.
The solar project, the 19.6 megawatt direct current San Jose Solar Power Project, is being developed by RGEC, a joint venture between Philippine-listed PetroGreen Energy Corp and Japan’s TAISE Corp.
The term loan facility is provided by Rizal Commercial Banking Corp, with RCBC Trust Corp acting as facility agent and security trustee, according to a stock market disclosure.
The project, which secured its final certificate of approval to connect from the National Grid Corporation of the Philippines in April, will be PGEC’s eighth utility-scale renewable energy plant once operational and the third to be financed by RCBC.
It is expected to generate 27 gigawatt-hours annually and offset around 18,900 tons of CO₂ emissions.
Healthtech platform &you secures funding
Manila-based healthtech startup &you has raised an undisclosed amount in a pre-seed funding round anchored by New York-headquartered venture capital investor Everywhere Ventures.
The fresh fund, according to the startup, will be used to scale engineering, expand domestic operations, and prepare its entry into new verticals this year.
Co-founded by Emil Eriksen and Roland Ros, &you aims to address critical healthcare gaps in the region by offering fully digital medical services, including online consultations with licensed doctors and FDA-compliant treatments delivered nationwide.
The company was designed specifically for Southeast Asia’s fragmented healthcare infrastructure, with features such as mobile onboarding, streamlined prescriptions, and integrated logistics, Everywhere Ventures said.
