MPIC becomes largest shareholder of Solar Phillippines
Metro Pacific Investments Corp. (MPIC) has acquired a 42.82% stake in Solar Philippines Nueva Ecija Corp. (SPNEC) for PHP 24 billion ($430.6 million).
San Miguel edges closer to delivering 1 GW battery fleet in Philippines
San Miguel, which is now behind on its original plan to deliver a 1 GW/1 GWh fleet of battery energy storage systems (BESS) by the end of 2022, continues to roll out big batteries across 32 sites in the Philippines, in order to integrate up to 5 GW of renewables into the island nation’s grid.
Philippines launches tender for 25 MW solar plant
The Bases Conversion and Development Authority (BCDA) of the Philippines is seeking proposals for the lease of a 37-hectare area for solar deployment in Tarlac province.
Acen Renewables starts building 360 MW of utility-scale solar in Philippines
Acen Renewables, a Manila-based developer, is building two solar plants in the provinces of Pangasinan and Zambales.
The case for flywheel storage in the Philippines
An international research team is assessing the potential of flywheels for renewables storage in the Philippines. They considered the use of a flywheel energy storage system developed by US-based Amber Kinetics.
Finance floods in as global investors expand Australian solar portfolios
Australia’s bounteous land and sun, combined with its new energy-transition-focused government, make it attractive for international renewables investors. Two such players are Greek industrial conglomerate Mytilineos and Philippines-based energy company ACEN Corp., both of which have recently announced further large-scale investment to expand their Australian solar portfolios.
Philippines increases net-metering size limit for renewables to 1 MW
New provisions in the Philippines define interconnection standards, the certification of compliance requirements, and pricing methodologies, among other matters.
Philippines introduces priority dispatch for renewables, opens market to 100% foreign investments
The government of the Philippines has introduced a new preferential dispatch policy for renewable energy in the country’s wholesale electricity spot market. It has also started to amend the Renewable Energy Act to remove a 40% ownership cap on foreign investments in clean energy projects.
In Asean nations it’s all about the solar
Indonesia will have to get to work installing more than 24 GW of solar this year – and every year – if the region is to achieve the 2.1 TW to 2.4 TW of photovoltaics Irena has estimated it will require to achieve a net zero carbon energy system by 2050.
Philippines to host 1.3 GW floating solar plant
A new 1.3 GW floating PV array in the Philippines will require an investment of around $1.2 billion. Developers Blueleaf Energy and SunAsia said the project will likely be completed and switched on in 2024.
