Risk mitigation fund for geothermal ventures takes shape

MANILA, Philippines – The Department of Energy (DOE) and the Land Bank of the Philippines (LBP) have formalized a partnership to set up a financing mechanism that will lower the risk of investing in upstart geothermal exploration. The proposed Philippine Geothermal Resource De-Risking Facility (PGRDF) is aimed at accelerating early-stage geothermal exploration by sharing risks