Philippines
Philippines’ ACEN net income jumps 22% YoY to $101.6m in 2021
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.
SPNEC to supply 97.8 MWh per day in Philippines’ Central Luzon
The company beat five other bidders that vied for the Angeles Electric Corp.’s supply deal.
Philippine electricity demand growth hinges on vaccine drive: report
It is expected to show an annual growth of 5-6% until 2024.
SMC Global Power Holdings’ first 20MW battery storage begins operation in the Philippines
It forms part of a 470MW battery project.
SPNEC to develop 10 GW solar project
This is a 10-fold increase from the Philippines grid-connected solar capacity.
Philippines’ new sustainability framework restricts fossil fuel financing
Fossil fuel power-generation projects will be excluded from its green financing scheme.
AC Energy subscribes US$273m for renewable projects in the Philippines
This will fund a 160MW wind project and 283MW solar project.
Keeping the Quezon Power on as supply deal extension sits in limbo
The power generator’s power purchase agreement is due to lapse in May 2025.
Power supply crunch in 2022 looms in the Philippines
Demand is rising, yet no new power supply is coming to the market.
The Philippines is poised to lead Southeast Asia in sustainability
It could 'leapfrog' to be a regional leader with renewables projected to be worth $30b by 2030.
Bank of the Philippine Islands to cease coal financing by 2033
BPI aims to stop lending 45% of coal-fired powered projects.
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