The integration of energy storage system in the forthcoming batch of renewable energy (RE) capacity auction will hike estimated reserve prices by P5.00 to P6.00 per kilowatt hour (kWh), according to the Department of Energy. Energy Undersecretary Rowena Cristina Guevara told reporters that the...
Client-awardees of the Renewable Energy Enabler Awards (REENA) bestowed by ACEN Managing Director and COO for Philippine Operations Miguel de Jesus and Ayala Corporation Chief Sustainability and Risk Officer Jaime Urquijo. A scion of the Zobel-led conglomerate has called on businesses...
The Board of Investments (BOI) has granted its green lane certificate to a ground-mounted solar farm in Mabini, Pangasinan. In a statement, the BOI said on Tuesday, Aug. 20, that the certification covers the 41.25-hectare Mabini solar power plant project owned by Spotlight Power Inc. (SPI) in Brgy....
FDC Green Energy Corporation, a subsidiary of FDC Utilities, Inc. (FDCUI) of Gotianun-led Filinvest Development Corp., is poised to advance to construction phase its 20.75-megawatt solar farm project following groundbreaking rites at its PHIVIDEC Industrial Estate project site in Misamis Oriental ....
The mammoth Terra Solar project of SP New Energy Corporation (SPNEC) of the Manila Electric Company (Meralco) group which will command aggregate investment of P190 billion has secured ‘green lane certification’ from the Board of Investments (BOI) that will enable it to avail of fast-tracked and...
The Energy Regulatory Commission (ERC) has logged roughly P50 billion worth of aggregate savings for customers that have been availing of electricity services from the retail electricity suppliers (RES). According to ERC Chairperson Monalisa C. Dimalanta, the scale of cost savings registered by RES...
A delivery timeframe of at least 3-5 years is being sought on the plan of the Department of Energy (DOE) for capacity tender of integrated renewable energy and energy storage system (IRESS) in the forthcoming green energy auction (GEA) round. In an interview with reporters, ACEN Corporation...
The Department of Energy (DOE) is scheduling fresh round of green energy auction (GEA) by the fourth quarter this year to cover the unsubscribed capacity in the last competitive bidding - and the distinctive feature of the forthcoming tender will be on packaging it as integrated renewable energy...
Hydrogène de France (HDF Energy) and partner-firms are targeting to invest $1.5 billion for the rollout of green hydrogen solutions across 15 project-sites in the country – primarily areas in Mindanao that are physically isolated from the main grid and have been relying heavily on diesel-fired...
The gigawatt-scale of offshore wind projects being advanced into commercial development by London-headquartered Corio Generation had secured ‘green lane’ certification from the Board of Investments (BOI) as underpinned by Executive Order 18 issued by President Marcos. The certification will...
Yuchengco-led PetroGreen Energy Corporation (PGEC) has cemented a partnership deal with Japanese firm Isuzu Autoparts Manufacturing Corporation (IAMC) for the installation of 3.002-megawatt peak (MWp) solar rooftop solution at the latter’s manufacturing facility in Laguna. In a statement to the...
The Green Climate Fund (GCF) board approved $1 billion worth of climate adaptation and mitigation projects, including a project that will empower entrepreneurs to promote climate-resilient development. During its 39th Board Meeting in Incheon, Korea, from July 13 to 18, the GCF approved 17 funding...
