Villar-led PAVI Green Renewable Energy Inc. said at least three utility-scale solar farm projects will start commercial operation next year to augment power supply in the Luzon grid especially during the summer months. According to Robert Marlon T. Pereja, chief operating officer of PAVI Green, the...
Ayala-led ACEN Corporation has inked a deal with European industrial giant Siemens Gamesa Renewable Energy Technology (SGRE) for the procurement of wind turbines to be deployed to its 70-megawatt wind farm project in Ilocos Norte. According to the Ayala company, Siemens Gamesa will supply and...
PAVI Green Renewable Energy Inc., a subsidiary of Prime Asset Ventures Inc. (PAVI) of the Villar conglomerate, has cornered a 20-year power supply agreement (PSA) for its 40.4-megawatt Naga solar farm installation in the Bicol region. The company has been one of the project-developers that won in...
Solar Philippines cornered 91 percent of the power supply agreements (PSAs) recently awarded by the Department of Energy, boosting the Leviste-owned company's dominance in the local solar energy industry. In a statement to the media, the company emphasized that out of the 1,490 megawatts of awarded...
Renewable energy (RE) developers, which have been awarded with 20-year power supply agreements (PSAs) under the Green Energy Auction Program (GEAP), face bid bonds cancellation if they will fail to deliver the committed capacity. Energy Senior Undersecretary Felix William B. Fuentebella...
The Department of Energy (DOE) has awarded 20-year power supply agreements (PSAs) to 19 RE developer firms that will deliver aggregate capacity of 2,000 megawatts to augment the country’s power supply under the Green Energy Auction Program (GEAP). or renewable energy (RE) bidding last June 17,...
The Department of Energy (DOE) is requiring "indivisibility" or "no competing supply contract" for the capacity generation that qualified bidders will be offering in the government's Green Energy Auction Program (GEAP) slated this June 17. According to Energy Assistant Secretary Redentor Delola,...
The Nepomuceno-led Raslag Corporation, which just made its listing debut at the Philippine Stock Exchange (PSE) this week, will be expanding its solar business by about 95 megawatt-peak (MWp) capacity. The firm indicated that it will be utilizing bulk of its P700 million initial public offering...
Renewable energy (RE) developers who will be awarded allocations under the Green Energy Auction Program (GEAP) of the Department of Energy (DOE) could be entitled to 20 years of cost recovery to reinforce the revenue stream of investors over a stretch of two decades. According to Energy Assistant...
Having jettisoned coal on its loan portfolio for new wave of power plant developments, Yuchengco-led Rizal Commercial Banking Corporation (RCBC) said it will be focusing project lending to at least 1,600 megawatts of renewable energy (RE) ventures in the next two years. In a media webinar, RCBC...
The Department of Energy (DOE) will be firming up the terms of reference (TOR) for the targeted auction of 2,000 megawatts of renewable energy (RE) capacity that will be offered to investors this year. The TOR for the RE bidding, according to Energy Assistant Secretary Redentor E. Delola, will be...
The Green Energy Auction Committee (GEAC) of the Department of Energy (DOE) has officially kicked off the tendering process for 2,000 megawatts of renewable energy (RE) capacity that shall be accredited in the government's Renewable Portfolio Standards (RPS), a market mechanism that will guarantee...
