Filipino Renewables Firm Raises PHP 9 Billion Financing
Citicore Renewable Energy Corporation Bags Innovative Project Financing To Support Solar Project Portfolio
Monday, 15 Apr 2024
The Philippines-based renewable energy developer Citicore Renewable Energy Corporation (CREC) has announced raising debt financing of PHP 9 billion ($158 million) from Rizal Commercial Banking Corporation (RCBC) to support its solar energy portfolio..
1 GW Solar & Energy Storage Partnership For Philippines
ACEN & BrightNight Expand Renewable Energy Collaboration To Invest $1.2 Billion In Asian Market
Monday, 11 Mar 2024
US-based renewable energy power producer BrightNight and the listed energy platform of the Ayala Group ACEN Corporation will co-develop 1 GW AC solar and storage portfolio in the Philippines. This is the initial portfolio of BrightNight in the Asia.
Floating Solar PV ‘Game-Changer’ For Southeast Asia
With 500 MW FPV Capacity Already Online In Southeast Asia, Rystad Energy Forecasts Another 300 MW In Early-2024
Friday, 02 Feb 2024
Rystad Energy sees floating solar PV (FPV) as a ‘game-changer’ for land-constrained Southeast Asian nations to help increase their clean energy generation capacity.
ASEAN Renewable Energy Projects Need Acceleration
Vietnam Leads Region’s 28 GW Operational Utility-Scale Solar & Wind Capacity; Construction Slow For Upcoming Facilities
Thursday, 18 Jan 2024
The Association of Southeast Asian Nations (ASEAN) increased their operational utility-scale solar and wind energy capacity by 20% in 2023 to exceed 28 GW, led by Vietnam, according to the Global Energy Monitor (GEM). Vietnam alone accounts for 19 .
World’s ‘Largest’ Solar Project Under Construction
SPNEC Breaks Ground For 3.5 GW Solar PV Project With 4 GWh Battery Storage In Philippines
Thursday, 04 Jan 2024
Solar Philippines Nueva Ecija Corporation (SPNEC), the publicly listed vehicle of Solar Philippines, has started the construction of the Terra Solar project in the Philippines.
Financial Close For 75 MW Solar Plant In Philippines
Gurīn Energy’s Maiden Filipino Project Moves To Construction; Company Touts 7 GW Asia RE Portfolio
Thursday, 07 Dec 2023
Singapore-headquartered renewable energy developer Gurīn Energy has achieved financial close for its maiden announced solar power project in the Philippines with 75 MW capacity. It identified the Union Bank of the Philippines as the lender.
Utility Scale Floating Solar Project In Philippines
ACEN Announces 1 GW Floating PV Project On Southeast Asian Nation’s Largest Freshwater Lake
Friday, 11 Aug 2023
The renewable energy arm of Ayala Group of the Philippines, ACEN plans to build a 1 GW floating solar PV project on the country’s largest freshwater lake under an agreement with the Laguna Lake Development Authority (LLDA).
Philippines Concludes GEA-2 Auction Round
DOE Picks More Than 2 GW Ground Mounted, Rooftop & Floating Solar PV Capacity In Renewables Tender
Tuesday, 18 Jul 2023
The Department of Energy (DOE) in the Philippines has selected more than 3.58 GW renewable energy projects under its Green Energy Auction round 2 (GEA-2), with solar PV winning 2.068 GW in the form of ground mounted, rooftop and floating PV capacity.
Floating Solar Prospects In Southeast Asia
NREL Pegs 825 GW Technical Potential For Floating PV Across ASEAN Nations In USAID Funded Report
Tuesday, 11 Jul 2023
In a new analysis for the Association of Southeast Asian Nations (ASEAN), the US National Renewable Energy Laboratory (NREL) estimates a technical potential of 825 GW floating PV (FPV) capacity across 10 Southeast Asian nations, and claims this techn.
Philippines Awards 600 MW+ Floating Solar Capacity
SunAsia Energy & Blueleaf Energy Bag Contract For ‘World’s Largest’ Floating Solar Project
Thursday, 11 May 2023
Philippines’ Department of Energy (DOE) has awarded the contract to build 610.5 MW floating solar PV capacity to a partnership of local Filipino company SunAsia Energy Inc and Macquarie’s Green Investment Group (GIG) portfolio company Blueleaf En.
680 MW Philippines Solar Plant Enters Construction
Citicore Renewable Energy Corporation Breaks Ground On 680 MW Solar PV Project In Batangas, To Come Online By 2024
Friday, 24 Mar 2023
Philippines based Citicore Renewable Energy Corporation (CREC) has started the construction of the largest solar power plant in the company’s portfolio with 680 MW capacity in Batangas, Philippines, to be delivered in 2 phases.
Expect ‘Exponential’ Solar Growth Across 5 Asian Nations
Ember: China, Japan, Indonesia, India & Philippines To Witness 22% Annual Growth In Solar Capacity
Wednesday, 07 Sep 2022
In the coming years, Asia’s 5 biggest economies namely China, Japan, Indonesia, India and the Philippines are expected to experience exponential solar power growth with the fastest growth anticipated in Indonesia and the Philippines, says climate and energy think tank Ember.
SPNEC Working On 4 GW Solar Farm In Philippines
Solar Philippines Nueva Ecija Corporation Planning World’s ‘Largest’ Solar PV Project
Wednesday, 17 Aug 2022
Solar Philippines’ publicly listed vehicle Solar Philippines Nueva Ecija Corporation (SPNEC) is arranging funds to secure land in Nueva Ecija and Bulacan for a planned 3.5 GW solar farm, expanding the scope of land it needs for the planned 500 MW solar project in the same area.
Shell Targets 3 GW Onshore RE In Philippines
Nickel Asia Subsidiary & Shell To Co-Develop 1 GW Renewables With Focus On Solar In Philippines By 2028
Friday, 01 Jul 2022
Shell Overseas Investments BV has entered into a joint venture (JV) partnership with the renewable energy subsidiary of Nickel Asia Corp (NAC), Emerging Power Inc (EPI) to co-develop 1 GW onshore renewable capacity in the Philippines by 2028, with focus on utility scale solar.
Philippines Concludes 2 GW RE Auction
Solar Philippines Hogs Country’s 2 GW Renewable Energy Auction, Winning 1.38 GW
Monday, 27 Jun 2022
The Department of Energy (DOE) in the Philippines has selected 19 renewable energy projects to contract 1,966.93 MW capacity, with Solar Philippines alone bagging 70% of the total awarded comprising 1.35 GW solar and 30 MW wind energy projects.
SPNEC Submits Offers To Contract 10 GW Solar
Solar Philippines Working To Contract 9 TWh Solar Power Annually
Monday, 20 Jun 2022
Solar Philippines Nueva Ecija Corp (SPNEC), the listed subsidiary of Solar Philippines (SP), has submitted offers to potential offtakers to contract 9 TWh power annually from its 10 GW solar capacity planned to come online between 2025 to 2026.
Prime Infra Plans Up To 3.5 GW Solar Plant In Philippines
Meralco To Offtake 850 MW From World’s ‘Largest’ Solar & Storage Power Plant
Wednesday, 08 Jun 2022
Terra Solar Philippines, a joint venture between Solar Philippines and Prime Infrastructure Holdings, wants to establish what it touts as the world’s ‘largest’ solar power facility with 2.5 GW to 3.5 GW capacity accompanied by 4,000 MWh to 5,000 MWh storage capacity in the Philippines.
Philippines’ 850 MW AC RE Auction Relaunched
Meralco Issues Fresh Notice To Procure 850 MW AC Renewable Energy Capacity
Wednesday, 20 Apr 2022
Power distribution company in the Philippines, the Manila Electric Company (Meralco) has announced a 850 MW AC renewable energy tender inviting interested companies via an expression of interest (EOI) round.
IFC To Study RE Development In Philippines
Exploring Hybrid Solar PV, Storage & Other Renewables As Base Load Power Source In Philippines
Wednesday, 30 Mar 2022
The International Finance Corporation (IFC) says it will undertake a study with along with local energy company AboitizPower Corporation to displace fossil fuel-based power generation in the Philippines with a mix of renewable energy technologies as .
Solar PSA For 500 MW Filipino Solar Farm
Solar Philippines’ SPNEC Bags Power Sale Agreement With AEC From 500 MW Solar Farm
Monday, 07 Feb 2022
Local electricity utility in the Philippines, Angeles Electric Corporation (AEC) has entered into a 10-year renewable power supply agreement (PSA) for solar energy from a 500 MW DC project being developed by Solar Philippines Nueva Ecija Corp.
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