Berde Renewables, an I Squared Capital portfolio company, has signed a Master Framework Agreement (MFA) with Sungrow Power and its regional distributor Solar Hive to deploy 200 MW of solar capacity and 500 MWh of […]
Meralco PowerGen Corporation (MGEN), together with its partners, has inaugurated Phase 1 of the MTerra Solar Project in Nueva Ecija, Philippines. Phase 1 of the project comprises 1,373 MW of solar photovoltaic (PV) capacity and […]
SunAsia Energy Inc. and VinEnergo have partnered to develop a 422-MWp solar on Water portfolio across Pampanga and Negros Occidental, Philippines. The portfolio comprises three floating solar projects representing an estimated investment of $406 million. […]
Levanta Renewables has achieved financial close and issued the notice to proceed for the Barotac solar and battery energy storage system (BESS) project located in the Visayas, Philippines. The project comprises a 166 MWp ground-mounted […]
Vena Energy has commenced construction for the 80.6 MWp Astra Solar and 300 MWp Opus Solar projects located in Ilocos Norte, Philippines. These projects together will expand the company’s total solar capacity in Ilocos Norte […]
A partnership comprising Seawind Asia AG, Stream Invest Holdings AG, and Triconti ECC Renewables has secured first grid connection agreements for offshore wind projects totalling 1,650 MW in the Philippines. The agreements were granted by […]
A consortium comprising Electric Power Development Co., Ltd. (J-POWER), Aboitiz Renewables, Inc., and Sumitomo Corporation have completed the acquisition of the CBK Hydroelectric power plants in the Philippines following their win in the privatisation bid […]
Ally Power, Inc., a US-based clean energy company, has signed a memorandum of understanding (MoU) with the Aurora Pacific Economic Zone and Freeport (APECO). As per the MoU, the company is assessing a potential investment […]
Vena Energy has reached the financial close for its Opus solar energy project in the Philippines. The financing involves participation from seven international financial institutions. These include BNP Paribas (Singapore), Crédit Agricole Corporate and […]
Citicore Renewable Energy Corporation (CREC) has entered into a Php 3.975 billion project finance loan facility with the Bank of the Philippine Islands (BPI) to support the completion of the 113 MWp Citicore Solar Pangasinan […]
Pentagreen Capital is backing Citicore Renewable Energy Corporation (CERC) with a $55 million development and construction loan to support solar and battery energy storage system (BESS) projects in the Philippines. The financing will be used […]
Levanta Renewables has obtained approval to develop a solar and storage project in the Visayas region under the Philippines’ fourth green energy auction (GEA-4). The project, spanning 155 hectares, comprises a 166 MWp ground-mounted solar […]
Citicore Renewable Energy Corporation (CREC) has switched on the Batangas 1 Power Plants, consisting of the Lumbangan and Luntal projects. The projects will have a capacity of 197 MW of hybrid agro-solar with a 320 […]
The Butuan City government has released the Butuan City Energy Development Plan (BEDP) 2023-2050 as part of its initiative to become a smart and sustainable city in the Philippines. The roadmap outlines the transition to […]
Citicore Renewable Energy Corporation (CREC) has signed a Php 4.4 billion project finance loan agreement with Security Bank Corporation and Security Bank Capital Investment Corporation. The project financing pertains towards the development and completion of […]
Although it is the only ASEAN country (of 10 nations) that has not set a net zero target, the Philippines aims to increase the share of renewable energy sources (RES) in its electricity mix to […]
Nexif Ratch Energy has secured Pre-Development Environmental Compliance Certificate (Pre-Dev ECC) for San Miguel Bay Wind Power Project. This is a 500 MW nearshore wind energy project situated in the Philippines. The certificate was provided […]
Actis has reached the closing of the acquisition of a stake in Terra Solar Philippines along with SP New Energy Corporation which is a subsidiary of MGEN Renewable Energy. This marks the completion of the […]
The Department of Energy (DOE) of the Philippines has released the terms of reference (TOR) for the fourth round of the Green Energy Auction (GEA-4). The TOR lays out the technical, financial, and commercial requirements […]
Vena Energy has finalised an investment agreement with MGen Renewable Energy Inc. (MGreen), renewable energy division of Meralco PowerGen Corporation. This agreement is for the joint development of the 550 MW Bugallon Solar Power Project, […]
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