ACEN Corporation, the energy investment arm of the Ayala group, will be issuing P30-billion worth of debt securities to bankroll its array of renewable energy projects. In a disclosure to the Philippine Stock Exchange (PSE), the company indicated that it will file an application with the Securities...
Yuchengco pursues solar projects By BERNIE CAHILES-MAGKILAT After securing relevant permits from the Department of Energy (DOE) and the Department of Environment and Natural Resources (DENR), Yuchengco-led PetroGreen Energy Corporation (PGEC) is now ready to advance to final investment decision...
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...
AboitizPower Corp. is accelerating its 94-megawatt (MW) solar power project in Cayanga, Bugallon in Pangasinan. Once completed, the Cayanga solar power plant is expected to produce about 147 million kWh of clean energy annually or equivalent to the yearly power consumption of 60,000 average...
Zamora-led Emerging Power Inc. (EPI), the renewable energy subsidiary of Nickel Asia Corporation, has inked a joint venture agreement with Shell Overseas Investments B.V. for the targeted developments of up to 3,000 megawatts of renewable energy (RE) installations in the Philippines, primarily in...
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,...
Spectrum, the solar solutions subsidiary of Manila Electric Company (Meralco), will install rooftop solar power system for Toyota Motors Philippines (TMP), primarily for the Japanese carmaker’s manufacturing facility in Santa Rosa, Laguna. In a statement to the media, Spectrum indicated that the...
Leviste-founded Solar Philippines is currently accelerating discussions with prospective off-takers (capacity buyers) of the generated electricity of up to 10,000 megawatts (10 gigawatts) of solar farm installations that the company will be advancing to implementation and construction phases within...
With anticipated robust uptake from renewable energy (RE) developers, US-headquartered Amber Kinetics will double its production of kinetic energy storage systems (KESS) or “flywheels” by the end of the year at the completion of its manufacturing facility expansion in Santo Tomas, Batangas. In...
Terra Solar Philippines Inc., which is an affiliate firm of Razon-led firm Prime Infrastructure Holdings Inc., will pursue utility-scale solar power projects of up to 3,500 megawatts with coupling of battery energy storage system (BESS) in the magnitude of 4,000 to 4,500-megawatt hours (MWh) to...
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...
