While many other power plants fail to deliver during this year’s El Nino-stricken weather temperatures, solar plants have been thriving as ‘powerhouse solution’ in shielding consumers from the wrath of unwanted blackouts or power service interruptions. Rotational brownouts would typically...
The Department of Agriculture (DA) said the government plans to construct solar-powered cold storage facilities in Occidental Mindoro to soften the impact of the power crisis in the province. Agriculture Secretary Francisco P. Tiu Laurel, Jr. said that they are collaborating with the Department of...
Leading player Aboitiz Power Corporation is scheduling the issuance of notice-to-proceed (NTP) for the construction of the next round of 1,000 megawatts (MW) of greenfield solar farm ventures that it is targeting to bring to commercial operations in the next two years. In a briefing with the media,...
China-headquartered Trina Solar, which has suite of businesses on solar photovoltaics (PVs) and energy storage solutions, will be providing solar cell panels to underpin the commercial developments of the solar projects of PetroGreen Energy Corporation (PGEC), the renewable energy investment arm of...
Equity acquisition in existing renewable energy (RE) projects had driven up the net income of Yuchengco-led PetroEnergy Resources Corporation (PERC) by 9.0% last year to P944 million from P863 million in 2022. The corresponding portfolio boost, according to the company, likewise shored up its...
With $1.5 million funding from the United States Agency for International Development (USAID), the Philippine government - with the Department of Energy (DOE) in the lead - has established a centralized energy command hub that will be primarily activated in times of disasters, power system failures...
Flourishing solar power developer giant Citicore Renewable Energy Corporation (CREC) has secured P9.0 billion worth of loans from Yuchengco-led Rizal Commercial Banking Corp (RCBC) with an option to increase it to P20 billion; and that will be funneled mainly for the commercial development of its...
Solar Philippines announced that its Jakarta-based partner has secured a loan to finance the construction of Indonesia's largest ground-mounted solar project. The Leviste-led firm stated that its joint venture partner, Medco Energi (Medco), PT Medcosolar Bali Timur, signed a loan agreement with...
Honda Philippines Inc. is taking serious steps on its decarbonization journey, and it just concretized this goal with the commercial kick-off of its 1.056-megawatt solar rooftop facility that will partly provide for its electricity requirements. The solar rooftop was installed by solutions provider...
Lopez-led First Gen Corporation will be turning the stretch of its hydropower complex in Pantabangan, Nueva Ecija as a ‘mecca of green energy’, with new sites around the area already tagged for its planned solar and wind farm installations that will be amalgamated with battery energy storage...
Yuchengco-led PetroGreen Energy Corp. (PGEC) secured a P834 million loan from Rizal Commercial Banking Corp. (RCBC) for its solar power project in Dagohoy, Bohol. The amount will be used for the construction of the 27-megawatt renewable energy project, which is expected to be complete by fourth...
The multi-dimensional green energy investment play of Citicore Renewable Energy Corporation (CREC) in Pangasinan province is taking off with its blueprinted 240-megawatt solar farm to be sited in Binalonan town. To jumpstart the project, the company held its groundbreaking rites this week – and...
