Repower Energy Development Corp. is expanding its hydropower portfolio with the acquisition of shares in Taft Hydroenergy Corp., according to a report by Philstar Biz .
The deal strengthens Repower's presence in the renewable energy sector, particularly in hydropower generation. Taft Hydroenergy Corp. operates hydroelectric facilities that contribute to the country's clean energy supply.
Repower has been actively pursuing growth opportunities in renewable energy as part of its long-term strategy. The acquisition aligns with the Philippine government's push for increased renewable energy capacity to meet growing demand and reduce dependence on fossil fuels.