SunPower accesses $1 billion in residential solar and storage loan capital from Tech CU
Despite the pandemic, capital is still pouring into solar. SunPower just announced a $1 billion partnership with Tech CU that gives the solar panel efficiency leader access to a significant chunk of capital for its loan program. The new partnership provides financing opportunities for potential U.S. residential solar and storage customers.
Supreme Court orders bidding of power company deals signed after June 2015
MANILA, Philippines (UPDATED) – The Supreme Court (SC) ordered the Energy Regulatory Commission (ERC) and companies to subject their power supply agreements (PSAs) to the Department of Energy (DOE)-mandated competitive selection process. This means that prior self-negotiated deals are now considered ineffective as basis to determine the rates to be charged to consumers. The SC […]
Sustainability giants come together for a greener PH
As companies all over the world aspire to do their share in maintaining global ecological balance, sustainability has become not just a cool buzzword for advocates but a requirement in almost everything they do. In real estate, sustainability is fast becoming a design requirement as much as aesthetics or security. From energy efficient building materials […]
Sustainable Energy as new norm for the Philippines and EDC
On its LinkedIn profile, the Philippines Energy Development Corp. has shared an article from October 2019, which is still as valid. Looking into how for over 40 years, Lopez-owned and Filipino company Energy Development Corporation (EDC) has been pioneering ways to make energy consumption more sustainable. As the largest 100% renewable energy company in the […]
Sustaining our future through Geo 24/7
As the population rapidly increases, demand for basic needs such as food, water, and energy also increases. This creates an increasingly vicious cycle where human activities adversely impact the environment and threaten natural resources. As a result, nations around the world are seeking ways to break the cycle and to establish a resilient future through […]
Suweco set to launch 7.5MWp solar power plant in Romblon
Odiongan, Romblon, August 20 (PIA) — Sunwest Water and Electric Company (SUWECO) is set to inaugurate its 7.5 megawatt peak (MWp) solar power plant in Tablas Island, Romblon on August 21. The Tumingad Solar Power Project, along with SUWECO’s 8.8-megawatt (MW) diesel powered generators, will address the power problem in the towns of Odiongan, San […]
Taiwan’s Kymco brings electric scooters to Philippines
MANILA — Taiwanese motorcycle maker Kymco said Tuesday it hoped the government would back its electric scooter foray in the country to help cut air pollution. The Philippines has huge potential for electric scooters, given the government’s pro-environment programs, even if electricity in the country is expensive, said Kymco Philippines President Frank Yang. Kymco has […]
Tanglawan seeks suspension of notice to pursue LNG hub
Tanglawan Philippine LNG Inc., a company controlled by Phoenix Petroleum Philippines of businessman Dennis Uy, asked the Department of Energy to suspend the notice to proceed with its liquefied natural gas project, a government official said Tuesday. Energy Undersecretary Donato Marcos said Tanglawan sought for the suspension of the notice in the wake of Udenna […]
Tawi-tawi gets 1st floating solar farm
MANILA — The fishing island of Sibutu in Tawi-tawi Province will be the first fishing community with a floating solar farm to power ice-making and cold storage equipment, and serve as a fish convergence area or “Payao”. In a meeting on Monday with executives of Aboitiz Power led by Tristan Aboitiz and Regional Directors of the […]
TBC and AC Energy to build 1.5GW wind projects in South East Asia
Singapore’s renewable energy developer and operator The Blue Circle has signed a strategic partnership agreement with Ayala Corporation’s power subsidiary AC Energy. Under the new partnership, the two companies will jointly develop and construct TBC’s pipeline of nearly 1,500MW of wind projects across South East Asia, more than 700MW of which will be built in […]