Meralco unit increases stake in Philippines’ largest PV developer
Meralco PowerGen Corp (MGen) has acquired an additional 5.8 billion shares in SP New Energy Corp. (SPNEC) for PHP 7.5 billion ($133.8 million). It now holds a 50.5% stake in the business.
Lightweight mobility with vehicle-integrated photovoltaics
A European consortium of commercial and research groups is developing lighter weight, solar-powered, cost-conscious, three and four-wheel prototype vehicles for passengers and cargo. The $13.4 million project aims for a platform that has standardized components, including the battery, powertrain, and solar PV parts, as well as support for end-of-life, maintenance, and refurbishment.
Vena Energy moves ahead with 550 MW of solar in the Philippines
Singapore’s Vena Energy and MGen Renewable Energy, the renewables unit of Manila-based Meralco PowerGen Corp., have signed an investment agreement for 550 MW of solar in the Philippines. Construction is due to start later this year.
Philippines fast-tracks world’s largest solar park with green lane certificate
The Board of Investments of the Philippines has granted a green lane certificate to a solar project that is being touted as the largest in the world to date. The accreditation will facilitate easier approval and processing of permits.
Philippines announces renewables, energy storage auction
The Philippines’ Department of Energy (DOE) has said that energy storage and maximizing the country’s existing renewable energy infrastructure will be a major theme for its next green energy auction. GEA-4 will take place in the final quarter of 2024.
Tender opens for PV-driven pump irrigation projects in the Philippines
The National Irrigation Administration of the Philippines has launched a procurement project with a budget of around PHP 97 million ($1.66 million) for the development of two solar power-driven pump irrigation projects on the Loboc river.
NKS Solar One seeking approval for 250 MW of floating solar in Philippines
NKS Solar One says it has requested regulatory approval to build and operate a 250 MW floating solar array near Manila and to connect it to the national grid in the Philippines.
Citicore, San Miguel unit collaborate on 153 MW solar project
Philippine renewables developer Citicore Renewable Energy Corp. and San Miguel Global Light and Power Corp., a unit of San Miguel Global Power Holdings Corp., will jointly develop a 153.5 MW solar plant in the Philippines.
Philippines announces second microgrid auction for underserved areas
The Department of Energy (DOE) of the Philippines has announced a second microgrid auction for underserved areas, opening in August to support more than 12,000 households.
Net-metering scheme tops 116 MW in Philippines
The energy regulator in the Philippines reports a positive trend in net-metering adoption after enhancing its information and education campaigns.
