MANILA -- Philippine conglomerate Lopez Group plans to invest 60 billion pesos ($1.1 billion) in geothermal energy over the next three years as the country seeks alternatives to coal and its dwindling natural gas reserves.
Energy
Philippines' Lopez Group to pour $1bn into geothermal energy
Conglomerate ramps up renewables push amid transition away from coal
Officials inspect a steam separator tower at a geothermal plant in Indonesia, another hot spot for the field. © Reuters
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