Philippine Pension Fund Offers Solar Power Loans to Members

The Philippine Government Service Insurance System (GSIS) is providing loans to its members for the purchase and installation of solar power systems in their homes. Bloomberg posted on X that the state-owned pension fund is offering loans of up to 500,000 pesos, equivalent to approximately $8,300, to facilitate this initiative. The move aims to encourage the adoption of renewable energy solutions among its members, promoting sustainability and reducing reliance on traditional energy sources. This initiative reflects a growing trend towards renewable energy investments in the region, aligning with global efforts to combat climate change.