Philippines commissions 6.5 MW solar project for social housing
The 6.55 MW project, hailed as the world’s first grid-connected, solar rooftop project within a social housing community, equipped almost 2,000 houses with solar panels.
Philippines increases allocation under fourth energy auction
The Philippines Department of Energy (DOE) says its fourth green energy auction marks a shift from pilot to mainstream deployment, with final approvals raising total capacity across solar, wind, and storage projects to nearly 10.2 GW, including 4.1 GW of ground-mounted and 2.2 GW of floating solar.
Meralco increases stake in Philippine’s largest solar developer
Manila Electric Company (Meralco), via its subsidary MGen Renewable Energy Inc, has increased its stake in SP New Energy Corporation (SPNEC) after the transfer of 10.8 billion exchangeable shares in a deal valued at PHP 13.76 billion ($233.5 million). The company is working on the world’s largest solar-plus-storage project currently under development.
Philippines raises FIT levy for renewable payments
The energy regulator of the Philippines has approved an increase in the feed-in tariff allowance (FIT-All) to PHP 0.2073 ($0.004)/kWh from PHP 0.1189, with the new rate set to take effect next month.
Philippines approves world’s largest solar project for grid connection
The Energy Regulatory Commission (ERC) of the Philippines has given the MTerra Solar Project permission to develop its own dedicated transmission facilities and connect to the Luzon grid. The first phase, encompassing 2.5 GW of solar and 3.3 MWh of battery storage, is due for completion in 2026.
IEA says cost of capital for solar remains high in Southeast Asia
The International Energy Agency (IEA) says the cost of capital for solar remains higher in Southeast Asian countries than it does in other emerging and developing economies.
Solar and wind integration crucial as Southeast Asia electricity demand grows
The International Energy Agency’s latest report says solar and wind energy are well placed to meet Southeast Asia’s growing electricity demand. It adds that while additional deployment will create flexibility challenges, most countries in the region can integrate more solar and wind energy without requiring major system changes.
Philippines switches on agrovoltaic complex with 320 MWh battery storage
The Citicore Solar Batangas 1 Power Plants stand as the Philippines’ first integrated agrovoltaic and battery storage facility.
Philippines updates net-metering rules to ease adoption for 17,000 users
The Philippines Energy Regulatory Commission (ERC) has amended net-metering rules to simplify adoption, allow credit banking and transfer, and make renewable energy certificate meters optional for 17,175 users and 157 MW of installed capacity.
Philippines renewables auction awards 9.4 GW, short of 10.6 GW goal
Preliminary results from the fourth renewables auction in the Philippines show 9.4 GW in awarded solar, wind and storage projects, short of the 10.6 GW target, with remaining capacity in floating solar and solar-plus-storage to be reassigned to qualified bidders.
