Philippines is the second highest investment destination for renewables across Southeast Asia – report
With resources that can generate up to 3,000 gigawatts (GW), and a “highly-liberalized” active spot market, the Philippines is touted as second best investment destination for renewable energy across Southeast Asia according to a report from HSBC Global Research.
When CleanTech Global Renewables, an independent power producer, started building its first solar power plant in Bulacan, Philippines in 2015, its founder Aboy Castro knew the risks that were coming with the venture.
TACLOBAN CITY: The recurring low power voltage and brownouts in the entire province of Eastern Samar may soon be a thing of the past as Taft Hydro Energy has vowed to provide a stable supply of power in the province and in some parts of Samar.
AC Energy (ACEN) announced that its 63-megawatt (MW) Gigasol Palauig solar farm in Zambales has begun operations and is seen to supply power to the Luzon Grid. The Ayala-led firm said the Php2.39 billion facility will generate over 90 million kilowatt-hours (kWh) of clean power to support the country’s power demand.
Denmark’s Ambassador to the Philippines H.E. Grete Sillasen touted her country’s expertise in the field of sustainable energy and that it is looking at introducing it to other countries, including the Philippines.
THE Philippines is the second best investment destination for renewable energy (RE) in Southeast Asia with resources that can generate up to 3,000 gigawatts (GW), and a “highly-liberalized” active spot market, according to a report from HSBC Global Research.
EXERGY INTERNATIONAL (EXERGY), a leading provider of new-generation geothermal binary power plants, and a part of the Chinese TICA Corporation, has signed a new contract with Energy Development Corporation (EDC) for the supply of an ORC binary system. Located in the Philippines on the Mindanao island, the new Mindanao 3 unit will be EDC’s first […]
Philippine President Rodrigo Duterte has lifted a moratorium on new mineral agreements imposed in 2012, reopening the door to investments in a move that will boost state coffers but has dismayed environmental activists. The Philippines, the top supplier of nickel ore to China and a major producer of copper and gold, imposed the moratorium while […]
A subsidiary of First Gen Corp. has entered into a five-year contract to charter a liquefied natural gas (LNG) carrier from a unit of Norway-based BW Gas Ltd. in line with the Lopez-led company’s offshore gas terminal project in Batangas. First Gen said in a statement on 6 April 2021 that floating storage regasification unit […]
First Gen has awarded a five-year deal that will see Norway’s BW Gas Limited supply a floating storage regasification unit (FSRU) to support its Interim Offshore LNG Terminal project in the Philippines. First Gen said that the FSRU will allow it to accelerate its ability to introduce LNG to the Philippines as early as Q3 […]