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Philippines

Solenergy installs first airport PV array in Philippines

Solenergy Systems has completed a 1.64 MW rooftop solar array in the central Philippines.

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MRC Allied buys 15% stake in 50 MW PV plant in the Philippines

The Philippines-based property development firm has agreed to invest P225 million ($4.4 million) to acquire a 15% interest in a 50 MW operational PV plant owned by Sepalco, a local corporation engaged in the solar power generation business.

ADB proposes new approaches to financing energy projects

Governments of cash-strapped developing nations should start exploring a range of innovative financing solutions to support the development of environment-focused infrastructure projects such as financially bankable solar installations, the Asian Development Bank (ADB) says in a new report.

Solar Philippines inaugurates country’s first PV panel factory

Solar Philippines officially opened the country’s first PV module plant with an inauguration ceremony attended by President Rodrigo Duterte earlier this week. It claims the facility in Santo Tomas, Batangas province, will produce 800 MW of solar panels in 2018.

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Goldman Sachs, Tennenbaum buy Conergy’s Asia business

A unit of Goldman Sachs and funds under Tennenbaum Capital Partners have jointly acquired Conergy Asia & ME and its subsidiaries from Kawa Solar Holdings.

Philippine oil firm embarks on another solar venture

PetroEnergy’s clean energy subsidiary receives environmental clearances for construction of 10 MW solar PV plant in the country. Project is the oil firm’s second solar foray.

Meralco opens bids for up to 85 MW of PV

Meralco is now reviewing proposals from solar developers to beat Citicore Power’s offer to supply 75 MW to 85 MW of PV capacity from three sites at a rate of PHP 3.50 ($0.07)/kWh.

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Solar Philippines to build 1 GW by 2018

Solar Philippines plans to finish building 1 GW of solar by next year, with roughly half of that capacity to be constructed outside of the Philippines.

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Australia’s Redflow seeking AU$14.5m, shifts focus to lead-acid replacement market

Australian stock exchange-listed battery maker Redflow has announced a AU$14.5 million ($11.25 million) funding round, as the Brisbane-based company takes its manufacturing base offshore and turns its attention to a market “sweet-spot” including the off-grid, telecom, commercial and industrial sectors.

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Philippine developer MRC Allied unveils 1 GW renewable energy target

The property firm aims to reach that figure within five years, beginning with the commissioning of a 160 MW solar pipeline this year.

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