China’s Trina Solar eyes 10% of PHL solar energy market share
China-headquartered Trina Solar on Tuesday said it hopes to capture at least 10 percent of the Philippine market for residential solar energy. The company has just launched its solar rooftop product— the Trinahome Solutions—in the country. In a press conference in Makati City, Trina Solar Philippines country manager Junrhey Castro said the company expect to […]
ADB warns of barriers to waste-to-energy investment
THE DEVELOPMENT of waste-to-energy (WTE) facilities in the Philippines through public-private partnerships (PPPs) may be plagued by uncertainty due to an inadequate legal framework, the Asian Development Bank (ADB) said. “Municipal solid waste (MSW) processing and disposal remains a challenge in Bangladesh, India, and the Philippines. The uptake of WTE as a proven MSW treatment […]
Aboitiz Power to build $28 million battery storage
MANILA, Philippines — SN Aboitiz Power Group (SNAP), the joint venture of SN Power of Norway and Aboitiz Power Corp., plans to construct a $28-million battery energy storage system (BESS) at its Magat hydro electric power plant (HEPP). The facility will be used to boost the company’s ancillary services and standby power supply that can […]
Solar Energy Firm Reports Achieving Project Milestone
UGE International Ltd. (UGE:TSX.V; UGEIF:OTC) announced in a news release it recently “achieved substantial completion” of projects in each of its three key markets: the U.S., Canada and the Philippines. “When 2018 is complete, we will have installed our largest-ever annual volume of solar projects, taking our cumulative total over 380 megawatts,” Chief Operating Officer […]
IAEA team completes Philippines infrastructure review
The INIR team included experts from Algeria, Morocco, Spain and the UK as well as IAEA staff. It reviewed the status of nuclear development using the Phase 1 criteria of the IAEA’s Milestones Approach, a phased comprehensive method to assist countries that are considering or planning their first nuclear power plant to follow a sound […]
EU, Philippines sign 7 contracts for clean energy projects
MANILA, Philippines — The European Union (EU) Delegation to the Philippines on Thursday said the EU and the Philippines signed seven contracts for projects that would offer “clean energy” to 40,000 households in the country. The EU said they allocated €21 million for the projects which would contribute to the Department of Energy’s goal of […]
MRC pushes bid to become a key player in solar power
MANILA, Philippines — MRC Allied Inc. is pursuing a solar rooftop project in Mindanao to meet its 100-MW target and become a key player in the country’s solar industry. In a disclosure to the Philippine Stock Exchange yesterday, MRC said it executed a memorandum of agreement for the development and installation of a 1.1-megawatt solar […]
Singapore Energy-Saving Firm Wins $33 Million KKR Investment
KKR & Co. is buying a stake of as much as S$45 million ($33 million) in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally. It’s investing as part of a Series B fundraising for BBP, which helps companies throughout Asia reduce electricity consumption by […]
Energy World revives talks with lenders for Pagbilao project funding
THE local unit of Australia-listed Energy World Corp. Ltd. (EWC) has revived talks with lenders to finance the completion of its 650 megawatt (MW) combined cycle gas-fired power plant after it has received certification from the government that the project is one of national significance. “We are in the process of finalizing the project funding […]
EDC inks deal to supply clean energy
THE Energy Development Corp. (EDC) has signed a two-year agreement to supply Citizen Machinery Philippines, Inc. with geothermal energy for the latter’s facilities in Tanauan City, Batangas province. Under the deal, which shall commence on December 26, EDC shall provide Citizen Machinery Philippines with 2.5 megawatts (MW) of electricity from the company’s BacMan geothermal project. […]