SMC, SunAsia to challenge 850MW Razon-Leviste solar bid By MYRNA M. VELASCO A subsidiary of top-tier power producer SMC Global Power Holdings Corp of the San Miguel Group and a consortium led by SunAsia Energy will challenge the unsolicited proposal lodged by the joint venture of Prime...
Solar Philippines Nueva Ecija Corporation (SPNEC) has approved a P60.9-billion asset-for-share swap with its parent company Solar Philippines Power Project Holdings, Inc. (SPPPHI). In a disclosure to the Philippine Stock Exchange, the firm said the swap involves the acquisition of 100 percent of...
Citicore sets P70-B capital outlay By MYRNA M. VELASCO Citicore Renewable Energy Corporation (CREC) will be injecting capital outlay of P70 billion for the 1,500-megawatt renewable energy (RE) capacity buildup that it will be implementing over the next five years. In a briefing with the media, CREC...
Partido Reporma standard-bearer Panfilo "Ping" Lacson has assured Filipino farmers a wider state-funded program that would install solar-powered irrigation systems (SPIS) on their paddy fields and plantations. Senator Ping Lacson (Facebook) Lacson revealed this plan in a dialogue with farm leaders...
Shell Energy Philippines Inc. (SEPH) has renewed its power supply agreement with Citicore Energy REIT Inc. (CREIT) and Citicore Renewable Energy Corp (CREC), enabling the former to continually source RE-generated capacity from the portfolio of solar plants of the Citicore group. Apart from the...
Solar Philippines Nueva Ecija Corporation (SPNEC) is raising P10 billion from the capital market, including a planned stock rights offering (SRO), to complete its development of 10 GW of solar projects. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has...
MGen Renewable Energy Inc. (MGreen), a subsidiary firm of Meralco PowerGen Corporation, has cemented a joint venture deal with Singapore-headquartered Vena Energy for a 68-megawatt ac (MWac) solar farm development in Ilocos Norte. The corporate vehicle of the partner-firms for the blueprinted solar...
Listed firm Solar Philippines Nueva Ecija Corporation (SPNEC) has inked a 10-year power supply agreement (PSA) with Angeles Electric Corporation (AEC), a privately owned power distribution company that is touted to be the third biggest in Luzon grid. According to SPNEC, it will supply 97.8 megawatt...
From left: Ajinomoto Philippines Corporation (APC) President Tsutomu Nara and Spectrum President and CEO Ferdinand O. Geluz formalize the two companies’ partnership that will involve a pilot solar project at APC’s plant in Bulacan. Spectrum, a wholly owned subsidiary of Manila Electric Company...
Spectrum to install solar system at Ajinomoto facility By MYRNA M. VELASCO Spectrum, a subsidiary of Manila Electric Company (Meralco), has been tapped as a partner for the installation of a solar photovoltaic (PV) system of 1,015.56-kilowatt peak (kWp) capacity that will cater to the electricity...
Ayala-led ACEN Corporation has inked a $165 million deal with Thai firm Super Energy Corporation Public Company Ltd. (SUPER) for joint development and ownership of solar projects in Vietnam and expansion targets in the ASEAN region. ACEN’s wholly-owned subsidiary AC Energy Vietnam Investments...
AC Energy Solar, a subsidiary of Ayala-led ACEN Corporation, and its foreign partner UPC Renewables will be constructing the proposed 420-megawatt peak (or 320MWac) Masaya solar farm project in Khandwa district in the state of Madhya Pradesh, India that will command an investment of $220 million....
