What is First Gen?
Founded in 1998 and headquartered in Pasig City, Philippines, First Gen has established itself as a cornerstone of the nation's energy infrastructure. The company distinguishes itself through a robust commitment to clean and indigenous fuels, moving away from traditional carbon-heavy dependencies. Its operational portfolio is comprehensive, spanning natural gas, geothermal energy, hydro-electric, wind, and solar power. This diversified approach not only mitigates operational risk but also aligns the company with global decarbonization mandates. As a major power producer, First Gen serves as a critical utility provider, ensuring energy security for the Philippines while simultaneously driving the transition toward a more sustainable and resilient power grid.
How much funding has First Gen raised?
First Gen has raised a total of $192.2M across 1 funding round:
Share Placement
$192.2M
Share Placement (2020): $192.2M with participation from KKR
Key Investors in First Gen
KKR
KKR is a global investment firm investing across private markets in every asset class all over the world. The firm is dedicated to fortifying companies and communities while helping secure the futures of the institutions and individuals counting on them.
What's next for First Gen?
Looking ahead, the strategic deployment of the $192.2M will likely focus on enhancing the efficiency of First Gen's geothermal and natural gas facilities, which remain the bedrock of its power generation capacity. The company is expected to prioritize the integration of advanced grid technologies and the potential scaling of its solar and wind assets to meet rising industrial and residential demand. By maintaining a disciplined approach to capital allocation, First Gen is poised to strengthen its market dominance, ensuring that it remains at the forefront of the Southeast Asian energy transition. Future growth will likely be characterized by a continued emphasis on operational excellence and the strategic pursuit of renewable energy projects that offer long-term, stable returns for stakeholders.
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