Following a successful round of the state initiative to facilitate investments in renewable energy (RE), the Philippine government is planning to conduct another Green Energy Auction (GEA) in 2025.
MANILA – President Ferdinand R. Marcos Jr. has authorized the grant of real property tax (RPT) relief to Independent Power Producers (IPP) operating under the Build-Operate-Transfer (BOT) contracts with government-owned or -controlled corporations (GOCCs).
THE Department of Energy (DoE) said it will initiate the auction process for microgrid systems providers (MGSP) in the second quarter, following the failure of the previous round.
THE GOVERNMENT will need to address the high cost of electricity and imported materials before the manufacturing of solar photovoltaic modules can become competitive, an industry association said.
MANILA, Philippines — Despite the government’s ban on new coal-fired power plants, the Philippines remains heavily dependent on coal to meet its growing energy demand, according to the the International Energy Agency.
BASIC ENERGY Corp. has finalized its joint development and shareholders’ agreement with Japanese renewable energy developer Renova, Inc., advancing their development of the 50-megawatt (MW) Mabini Wind Power Project in Batangas.
The Philippine Economic Zone Authority (PEZA) is working with the Philippine National Oil Company (PNOC) to explore the development of self-generating industrial parks (SGIPs) in off-grid areas across the Visayas and Mindanao.
THE Energy Regulatory Commission (ERC) has approved four proposed transmission projects of the National Grid Corp. of the Philippines (NGCP) worth a combined P5.02 billion.
MANILA, Philippines — The Independent Electricity Market Operator of the Philippines (IEMOP) is expecting a surge in renewable energy certificates (RECs) being traded this year, driven by the launch of more RE facilities.
SINGAPORE-BASED renewable energy (RE) developer Gurīn Energy plans to invest approximately $300 million (around P17 billion) in the Philippines to develop one gigawatt (GW) of RE projects over the next two to three years.