SP New Energy Corp. (SPNEC) has commenced the construction preparations for Terra Solar Philippines, Inc.'s solar project in Nueva Ecija and Bulacan. In a statement on Monday, Jan. 1, SPNEC said it began clearing the site for the 3,500-hectare solar project, which will be owned by its subsidiary...
Ayala-led ACEN Corp. is injecting more capital into its six subsidiaries to bolster the development of renewable energy (RE) projects in the country. ACEN, in its filings with the Philippine Stock Exchange, said that it has entered into agreements for the purchase of unissued shares in Giga Ace 6,...
Tycoon Manuel V. Pangilinan has taken over the helm of SP New Energy Corporation (SPNEC) after Manila Electric Company (Meralco), through MGen Renewable Energy (MGreen), completed its acquisition of a controlling stake in the solar energy firm for P15.9 billion. In a disclosure to the Philippine...
Diversified conglomerate San Miguel Corporation (SMC) is advancing into the phased development of a solar farm that will strategically position the cavernous New Manila International Airport (NMIA) in Bulacan as a carbon-neutral infrastructure – with the kick-off installation targeted to provide...
Renewable energy developer-firm PAVI Green of the Villar group has cemented partnerships with its affiliate Vista Malls and All Home Luzon branches for the provision of solar-generated electricity to these establishments. In a statement to the media, the Villar RE firm indicated that it will be...
Developers of gigawatt-scale floating solar farm projects are in a bind on their project finance-raising activities because of the programmatic environmental compliance certificate (ECC) that may turn out not acceptable as requirement to lenders, especially to foreign banks. In an interview,...
The Department of Energy (DOE) is counting on the capacity contribution of greenfield solar plants that are coming on commercial stream during the summer months, primarily to plug capacity gap arising from the de-rated generation of the hydro plants due to the incursion of El Niño spell. In a...
Ayala-led ACEN Corporation has firmed up a deal with the Asian Development Bank (ADB) and Bank of the Philippine Islands (BPI) to raise P11 billion worth of sustainability-linked term loan facility that will partly bankroll the company’s solar projects. The loan, according to ACEN, will carry...
ACEN Renewables International Pte. Ltd (ACRI), a subsidiary of Ayala-led ACEN Corporation, has sealed AU$75 million green term loan facility with HSBC, which it will funnel into its expansion for renewable energy (RE) projects in Australia. According to the company, “the green term loan will...
DUBAI, UAE – Players in the renewable energy sector of the Philippines are strategically seeking the help of the Danish government in helping address ‘tightness’ in the workforce for technical as well as managerial skills currently being experienced in the flourishing solar industry. In an...
Liberty Solar Energy Corp. (LSEC), a subsidiary of the renewable power pioneer Alternergy Holdings Corp. (Alternergy) received an operating contract from the Department of Energy (DOE) for the Apulid Solar Project in Paniqui, Tarlac. In a disclosure to the Philippine Stock Exchange (PSE),...
DUBAI, UAE -- The transformative impact of two solar farm projects of Filipino-led Citicore Renewable Energy Corporation (CREC) had clinched global spotlight as it was catapulted to be among the world’s first bestowed with FAST-Infra Sustainability Infrastructure (FISI) Label, which has been...
