Repower Energy Development Corporation (REDC), a subsidiary of Pure Energy Holdings Corp., is poised for significant expansion in the Philippine renewable energy landscape following a successful P1 billion initial public offering (IPO).
The company is strategically deploying these funds to develop a robust portfolio of hydropower and renewable energy projects.
Initial disbursements totaling P280.4 million by the end of the first quarter of 2025 include P188.12 million for the Pulanai mini hydropower project, P47 million for the Piapi project, and P45.2 million for other renewable energy ventures.
REDC’s innovative “clustered approach” to run-of-river hydropower development allows for cost efficiencies through shared infrastructure.
The company’s ambitious growth strategy includes the acquisition of both new and existing hydropower facilities, with plans to enhance their value through operational improvements and the adoption of advanced European technologies.
With a clear focus on run-of-river hydropower and a vision for nationwide expansion, REDC aims to become a prominent niche player in the Philippines’ renewable energy sector.
