Government agencies and utilities in the Philippines have agreed to reduce the red tape involved in applying to the country’s net metering program. As of May this year, there were more than 17,000 end-users registered under the program with an aggregate installed capacity of 157 MW.
A PHP 4.4 billion ($77.5 billion) project finance loan facility is supporting the development of the 125 MW Citicore Solar Pangasinan project, with construction scheduled for completion by the end of this year.
The Philippines has completed its first megawatt-scale floating solar array, a 4.99 MW installation on the Malubog reservoir, with plans to expand to 50 MW to power a copper mine. In Mindanao, work has begun on a 99 MW solar plant backed by PHP 4.49 billion ($80 million) in green financing from HSBC.
Meralco, the only electric power distributor in Manila, has opened a tender for solar projects to be deployed across a number of its sites. The deadline for applications is Aug. 7.
A new solar mapping tool in the Philippines shows that the country’s rooftop solar capacity exceeds 1.8 GW. Its creators say the platform can be used to track unregistered solar rooftop capacity.
The Ajuy-1 Solar Power Project is the first major ground-mounted solar facility located in the province of Iloilo. It is being developed by renewable power firm Jin Navitas Solaris as part of the Department of Energy’s second green energy auction.
More than half of the first phase of the 3.5 GW solar and 4.5 GWh battery storage MTerra Solar project in the Philippines is now complete, eight months after its groundbreaking. The 778 MW of solar installed so far makes it the largest solar installation in the country.
Philippine National Oil Co. is searching for a consultant to complete a feasibility study for a 7 MW solar project on a canal in northeastern Luzon. The deadline for applications is July 15.
Indonesia’s Pertamina New & Renewable Energy (Pertamina NRE) has acquired a 20% stake in Philippine solar developer Citicore Renewable Energy Corp. (CREC) for $120 million, with both companies planning joint investments in solar and other renewable projects in Indonesia.
The Philippines government has kicked off its fourth green energy auction (GEA-4), targeting more than 10 GW of solar and wind capacity.
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