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...
The Philippine Solar and Storage Energy Alliance (PSSEA) said the solar energy industry is forecasted to expand further this year amid rapid pace of installation, helping the country reach its decarbonization goals. In a statement, the PSSEA noted the global rise of solar installations is...
BACOLOD CITY – The city government officially launched its solar power system on Wednesday, Dec. 18. BACOLOD City officials led by Mayor Albee Benitez (center) launch the solar power system at the Bacolod City Government Center (BCGC) with Frederic Tesfay (third from right), project head of the...
BACOLOD CITY – Solar power systems with a total of capacity of 1,340 kilowatts have been installed at the Bacolod City Government Center (BCGC) and 16 barangays here as this city pushes for sustainable energy. These systems are expected to generate a total energy savings of approximately...
Terra Solar Philippines, a subsidiary of SP New Energy Corp. (SPNEC), has commenced construction on the world's largest solar and battery power facility in the Philippines, following a successful contract with a Chinese energy firm. The groundbreaking ceremony, held on Thursday, Nov. 21, marked the...
President Marcos has assured Filipinos anew that his administration is committed to ensuring that the country has a steady and reliable power supply amid the rise of technology and the growing electricity demand. Malacañang photos Marcos said this as he led the groundbreaking of the 3,500-hectare...
