CHINESE-FUNDED firm Xidian Holdings Philippines Corp. (Xidian Holdings), together with a Singapore-based consortium, officially broke ground on Thursday on a 232-megawatt (MW) wind and solar project in Ilocos Norte with an investment cost of $430 million, the single largest renewable energy project in the country to date.

Xidian Holdings and the Singaporean consortium bought into Energy Logics Philippines in December 2016 and are now the majority shareholders of the company. Energy Logics holds solar and wind service contracts in Pasuquin and Burgos in Ilocos Norte.

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