Solar PPAs surging in Southeast Asia
Malakoff and MMC Group have agreed to deploy 500 MW of solar in Malaysia, while Citicore has agreed to supply 7.5 MW of solar to utility Clark Electric Distribution Corp. in the Philippines.
Philippines allocates 1.97 GW of PV capacity in renewables auction
Through the procurement exercise, the GEA-BEAC allocated 1,870.8 MW of ground-mounted PV capacity and 90 MW of floating solar power. The selected developers will secure 20-year power purchase agreements.
Philippines publishes list of qualified bidders for 11.6 GW renewables auction
The government of the Philippines is set to hold the country’s second renewables auction on June 19.
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).
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.
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.
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.
Philippines allocates 1.57 GW of solar in 2 GW renewables auction
The main winner of the first renewables auction in the Philippines was developer Solar Philippines Nueva Ecija Corp. (SPNEC), which secured five solar projects, or 1.35 GW of capacity.
Philippines approves 24 bidders for 2 GW renewables auction
Eight of the 24 bidders in the latest renewables auction in the Philippines are focusing on solar, along with eight bidders looking at wind, seven linked to run-of-river hydro, and one connected to biomass.
