CEBU CITY – A 150-megawatt solar power plant will soon rise in the northern tip of Cebu province. CEBU Gov. Gwen Garcia (center) leads the groundbreaking for the 150-megawatt solar power plant in Daanbantayan, Cebu. (Sugbo News) The power facility, which is set to be the biggest in Cebu, will be...
MGen Renewable Energy Inc. (MGreen), through its subsidiary unit SP New Energy Corp. (SPNEC), announced that Singapore-based Actis Rubyred Pte. Ltd. has closed its investment stake in Terra Solar Philippines Inc. In a statement on Monday, March 17, Meralco PowerGen Corp. (MGen) reported that...
SP New Energy Corporation (SPNEC), a solar power producer controlled by Manila Electric Company (Meralco) through Meralco Power Gen Corporation (MGen), looking at developing another massive solar farm in Southern Luzon. In an interview, Meralco Chairman Manuel V. Pangilinan said SPNEC is putting up...
Ayala-led ACEN Renewables International Pte. Ltd. (ACRI) and its joint venture with Singapore’s solar platform ib vogt Pte. Ltd. announced that their investments in Malaysian solar photovoltaic (PV) projects are nearing completion. In a disclosure to the Philippine Stock Exchange on...
Wyn Power Corp. announced that its 50-megawatt peak (MWp) solar power plant in Batangas is set to begin construction works. In a statement on Wednesday, March 5, Wyn Power said it broke ground on its ₱1.5-billion solar photovoltaic (PV) project in Brgy. Bukal, Taysan, Batangas, which spans across...
Terra Solar Philippines Inc. (MTerra Solar), a unit of SP New Energy Corporation (SPNEC), announced it has secured a ₱150 billion omnibus loan and security agreement (OLSA) with six local banks. In a disclosure to the Philippine Stock Exchange on Friday, Feb. 28, MTerra Solar said the 15-year...
The Board of Investments (BOI) has awarded green lane certificates to Upgrade Energy Philippines Inc. (UGEP) to expedite regulatory approvals for its ₱3.62 billion solar power projects in Zambales and Capiz. UGEP's Cabangan solar project in Zambales, with a capacity of 56.771 megawatts (MW), has...
MGen Renewable Energy Inc. (MGreen), the renewable energy unit of Meralco PowerGen Corporation (MGen), has energized its 19.8-megawatt alternating current (MWac) solar power plant in Bongabon, Nueva Ecija. Inaugurated on Tuesday, Feb. 18, the plant is expected to supply power to at least 20,000...
Singapore-based renewable energy (RE) firm Gurin Energy has completed its first operational green project in Zambales province. In a statement on Wednesday, Feb. 19, Gurin Energy said the 75-megawatt (MW) Palauig solar plant has begun commercial operations under its subsidiary Shizen Inc. ...
Citicore Renewable Energy Corp. (CREC) is selling a portion of its shares to PT Pertamina Power Indonesia (PNRE) to fund its renewable energy (RE) projects in the Philippines and Indonesia. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Jan. 31, CREC announced that Citicore Power...
ILOILO CITY – A deal has been inked for the construction of a solar power plant project in northern Iloilo province. Joy~Nostalg Solaris Inc. (Solaris) recently signed an engineering, procurement, and construction (EPC) contract with China Energy Engineering Group Northeast No. 1 Electric...
Green energy solutions provider Vena Energy and MGen Renewable Energy, Inc. (MGreen), the renewable energy unit of Meralco PowerGen Corporation, announced the completion of financing agreements for their solar power project in Pangasinan. In a statement released on Wednesday, Jan. 15, Vena Energy...
