🌍✨ Op-Ed: Is Indonesia’s Bid For The Philippines’ Largest Geothermal Company Really About Geothermal?
Why we’re watching: When news emerged that Indonesian billionaire Prajogo Pangestu made an unsolicited, non-binding takeover offer for Energy Development Corporation (EDC), the Philippines’ largest geothermal producer, most coverage focused on the size of the deal.
Estimates from initial filings and market disclosures place the transaction at more than $5 billion in equity … 💚
[continued] The post Op-Ed: Is Indonesia’s Bid For The Philippines’ Largest Geothermal Company Really About Geothermal?
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🔭 What to watch next
- 📌 Key signal: When news emerged that Indonesian billionaire Prajogo Pangestu made an unsolicited, non-binding takeover offer for Energy Development Corporation (EDC), the Philippines’ largest…
- ✅ Watch for measurable follow-through, not just announcements.
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Reporting curated for GreenTV. Original reporting via CleanTechnica.