Philippine-based power company AC Energy Corp (PSE:ACEN) said Thursday it will form a joint venture (JV) with NEFIN Holding Ltd to develop, build and operate rooftop solar projects across Asia. ACEN will enter into the 50/50 JV through its wholly-owned subsidiary AC Renewables International (ACRI). The new business will have 21 MW of operating assets […]
German Developer WPD Adds Onshore Wind Farm in the Philippines
The 75.6 MW project is part of the grid reinforcement for Cebu, Negros and Panay islands. German wind and solar developer WPD is adding another project to its pipeline in the Philippines. The project, located in Aklan Province in Western Visayas, is an onshore wind farm with a total capacity of 75.6 MW. Triconti ECC […]
Govt Urged to Set Up Solar Parks
Solar Philippines said the government should push developing solar parks in the country, a strategy that was successfully implemented in India and can significantly help bring down the cost of solar while increasing the scale of renewable energy (RE) development in the Philippines. Speaking at The Manila Times forum titled “Business Conference on Shared Prosperity […]
Why the Time Is Right for Renewable Energy in the Philippines
Prior to the COVID-19 pandemic, the Philippines’ economy was humming. The country boasted an exemplary 6.4% annual GDP growth rate and was part of an elite list of countries experiencing uninterrupted economic growth for more than two decades. Things look very different today. Over the last year, the Philippine economy registered its worst growth in […]
IEEFA: In the Philippines, Coal’s Demise Makes Way For a Renewable Energy Boom
Imported gas lock-in could undermine the economic benefits of a clean energy transition. The Philippines’ energy sector is on the brink of rapid change, with fossil fuels struggling to maintain relevance and a renewable energy industry poised for takeoff. Much of the country’s progress on clean energy and climate goals is due to the exceptional […]
The One Grid Philippines And Rooftop-Mounted Solar PV Power
One of the things one could be thankful for throughout the trying COVID-19-quarantine period (before June 1, 2021, 2 p.m., Tuesday) was that basic services — electricity and water — have flowed without interruption making working from home (WFH) and quarantining more bearable. Having also recently installed an entry level 2.3-kw rooftop solar PV installation, […]
Renewable Energy Takes Center Stage in Manila Times Forum
Industry leaders and experts will discuss the challenges of attaining a sustainable environment while meeting the needs of a growing economy during a forum of The Manila Times today, June 30. The forum, dubbed “Propelling Renewable Energy against Climate Change,” will tackle how the Philippines can address climate change by tapping renewable energy (RE). Sen. […]
MDBs Climate Finance Hit $66 Billion in 2020, Joint Report Shows
MANILA, PHILIPPINES : Climate finance committed by major multilateral development banks (MDBs) rose to a total of $66 billion last year from $61.6 billion in 2019, according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance, published today. Of this, 58%—or $38 billion—was committed to low- and middle-income economies. The total climate cofinance […]
Solar Philippines Building 500 MW Solar Farm on Old Ranch in Nueva Ecija
Solar Philippines has announced that it will begin construction works on its 500-megawatt (MW) solar farm in a former ranch in Peñaranda, Nueva Ecija in the coming months. The project is Southeast Asia’s largest solar power project to-date. Through wholly-owned subsidiary Solar Philippines Nueva Ecija Corporation, the company is gearing up to build the project’s […]
UGE Signs Nine New Commercial Solar Projects in the Philippines
Toronto, Ontario : UGE International Ltd. (TSXV: UGE) (OTCQB: UGEIF) (the “Company” or “UGE”), a leader in commercial and community solar energy solutions, is pleased to announce nine new projects signed by its UGE Philippines subsidiary, totaling 3MW in rated capacity. The nine projects are expected to become operational by the end of 2022. Across […]