Sustainable Development Boost in Batangas with P5 Billion Investment

Leandro Leviste’s Countryside Investments Holdings Corp. is gearing up to invest over P5 billion in Batangas, focusing on energy, commercial, and industrial initiatives. This substantial investment, in collaboration with Solar Philippines Power Project Holdings Inc., the parent of SP New Energy Corp. (SPNEC), aims to propel the province into a period of sustainable growth and economic revitalization.

SPNEC, under the leadership of Manuel Pangilinan, has recently completed a significant financial move, raising P15.9 billion through a share sale to MGen Renewable Energy Inc. These funds are earmarked for a variety of development projects in Batangas, with an emphasis on sectors expected to yield considerable benefits for the local economy.

The investment comes at a crucial time, particularly for the over 13,000 farmers affected by the recent shutdown of the Central Azucarera Don Pedro sugar mill. Countryside’s initiative promises not only to drive economic activity in the region but also to generate substantial employment opportunities, aligning with broader goals of sustainable development and community prosperity.

While specific details on other projects remain under wraps, the commitment to work in close partnership with Batangas communities indicates a strategic approach to fostering long-term, sustainable development. SPNEC’s existing 63-megawatt Calatagan solar farm is a testament to this vision, showcasing the potential for renewable energy to spearhead local and sustainable growth initiatives.