Philippines
Higher generation costs push Philippine April rates up
Meralco reported the overall rate for a household went up to P10.18 per kWh from P9.64.
Higher generation costs push Philippine April rates up
Meralco reported the overall rate for a household went up to P10.18 per kWh from P9.64.
ACEN signs $262.8m loan agreement for SLTEC
Proceeds of equity redemption will be reinvested into renewable energy projects.
Coal to dominate the Philippines’ power mix by 2031: Fitch
It is projected to account for 61% of the country’s power mix.
Philippines to speed up decarbonisation of power sector: Fitch
The country’s total solar capacity increased significantly in the past year.
SN Aboitiz Power to develop 20MW Magat battery project
It is expected to commence commercial operation by Q1 2024.
Arayat-Mexico solar farm to export power to the Luzon grid
This is in time for the demand surge during the Philippines’ summer season.
SMIC to acquire geothermal production firm
The Philippine Geothermal Production Company operates the Tiwi and Mak-Ban steam fields.
ACEN, CleanTech form JV for 133MW solar farm in the Philippines
The project is expected to be operational by early 2023.
First Gen’s earnings flatten in 2021
The company earned US$252m in recurring net income during the year.
Solar Philippines unit accelerates timetable for 4GW development
It will be funded by proceeds from the planned SRO in June 2022.
Philippines’ ACEN net income jumps 22% YoY to $101.6m in 2021
It plans to invest around $1.1b to expand its renewables portfolio.
Philippines adopts nuclear energy in power mix
Under EO 164, the government will develop a Nuclear Energy program.
Philippines’ Meralco net income climbs 13% in 2021
This was driven by energy sales volumes that nearly hit its pre-pandemic levels.
ACEN turns on Philippines’ first hybrid solar, energy storage facility
The Alaminos Solar and Storage hybrid facility has a 40MW capacity.
Philippines may become ‘regional leader’ in wind power
However, there are barriers that hinder progress in the sector.
‘Ambitious approach’ to add 1.65GW wind energy capacity in the Philippines by 2026
It is expected to result in $1.1b gross value added to the economy.
Solar Philippines unit to raise P10b for 10GW projects
This forms part of SPNEC’s plan to raise its capital stock to 50 million shares.
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1. Sembcorp inks 2 long-term PPA with Equinix 2. Philippines expects over 4,000 MW of power projects to begin operations this year 3. Singapore awards PacificLight Power contract for fast start generating units 4. ‘Hybrid approach’ essential for energy security amidst geopolitical instability 5. Consortium to develop 1.5 GW Abu Dhabi solar projectResource Center
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The awards programmes are accepting nominations until 19 July 2024.
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1. Sembcorp inks 2 long-term PPA with Equinix 2. Philippines expects over 4,000 MW of power projects to begin operations this year 3. Singapore awards PacificLight Power contract for fast start generating units 4. ‘Hybrid approach’ essential for energy security amidst geopolitical instability 5. Consortium to develop 1.5 GW Abu Dhabi solar projectAwards
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