What is First Gen?
Founded in 1998 and headquartered in Pasig City, Philippines, First Gen is a prominent power producer. The company distinguishes itself by primarily utilizing clean and indigenous fuels, including natural gas, geothermal energy from steam, hydro-electric, wind, and solar power. This focus on sustainable energy sources positions First Gen as a key player in the transition towards cleaner energy solutions in the region.
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 specializing in private markets across all asset classes. Their mission involves fortifying companies and communities, with a deep commitment to shared success and client partnerships.
What's next for First Gen?
The recent major strategic investment signals a pivotal phase for First Gen, likely enabling expansion of its clean energy infrastructure and technological advancements. This substantial backing, part of its $192.2M in total capital, suggests a strategic push to solidify its market leadership and potentially explore new renewable energy ventures. The company's commitment to indigenous and clean fuels aligns with global sustainability trends, positioning it for continued growth and influence in the power generation industry.
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