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...
With its regulatory imprimatur, the Energy Regulatory Commission (ERC) is paving the way for more affordable electricity to household consumers via a net metering program utilizing solar energy. Under the ERC-underpinned regulation framework, net metering will allow solar owners with less than...
Citicore Energy REIT Corporation (CREIT), the listed real estate investment trust (REIT) affiliate of Citicore Renewable Energy Corporation (CREC), has logged significant upturn in net income in the first quarter this year to P300 million from a leaner P24 million in the same period last year. The...
What makes the Philippines the most ‘fundamentally attractive’ solar market in Southeast Asia? SOLARMAN Solar Philippines CEO Leandro Leviste Solar Philippines may have engaged in international opportunities for solar development but it will be more focused on expanding the solar sector of its...
The Subic Bay Metropolitan Authority (SBMA), holding true to its commitment to promote the use of renewable energy, has welcomed its partner Indigo Distribution Corporation in putting into the boardroom a proposal to set up an Electric Transport System inside SBMA as part of a new initiative for...
Meralco PowerGen Corporation, a power generation subsidiary of Manila Electric Company (Meralco), will be tapping foreign partners for targeted investments in offshore wind farm installations. “We are very interested in offshore wind. These are huge investments, there are huge tracts of offshore...
The Department of National Defense (DND) signed a memorandum of understanding (MOU) with a South Korean electric company in Camp Aguinaldo, Quezon City on Tuesday, April 26, to establish solar panels in at least two military camps in Central Visayas and Northern Mindanao. (Courtesy of Department of...
Ayala-led ACEN Corporation is ramping up its renewable energy (RE) portfolio investments portfolio target across Asian markets to 18,000 megawatts (MW), a mammoth 13,000MW expansion from its original development plan of 5,000MW through year 2025, making it the biggest capacity build-up by a power...
