CITY OF SAN FERNANDO, Pampanga (PIA) — Central Luzon is set to gain an additional 82 megawatts-peak (MWp) of solar power capacity and 106 megawatt-hours (MWh) of battery energy storage through new renewable energy projects in Pampanga and Nueva Ecija, supporting the country’s drive for energy security, cleaner power mix, and sustainable economic growth.
Citicore Renewable Energy Corporation (CREC) has secured a ₱4.05 billion project finance loan facility from LANDBANK to support the development of two embedded solar power projects in the Philippines. The financing will accelerate the construction of the projects under Citicore Solar Embedded, Inc. (CS Embedded), strengthening the company’s renewable energy portfolio while contributing to the…
Berde Renewables has secured a three-year agreement to procure 200 megawatts (MW) of solar inverters and 500 megawatt-hours (MWh) of battery energy storage systems (BESS), strengthening its pipeline of renewable energy projects in the Philippines and Thailand as demand for solar-plus-storage continues to grow.
Green Core Geothermal Inc. plans to expand the capacity of its Palinpinon 1 Geothermal Power Plant in Valencia, Negros Oriental, by an additional 13.5 megawatts.
G-Drive Solutions, Inc. has entered the renewable energy sector through the launch of G-Drive Renewables, a new business line focused on residential, commercial, and industrial solar photovoltaic projects.
McDonald’s Philippines has tapped COREnergy, the retail electricity supply unit of Vivant Energy, to participate in retail aggregation and open-access programs across its growing store network in the Visayas.
The Energy Regulatory Commission (ERC) has denied the request of Manila Electric Company (Meralco) and Sual Power Inc. (SPI), a San Miguel Global Power subsidiary, for provisional authority or interim relief to implement their proposed 200-megawatt (MW) power supply agreement (PSA).
The Department of Energy (DOE) said fuel prices will post steep increases for the week of July 21 to 27, led by a PHP 10.68 per liter hike for diesel and a PHP 11.77 per liter increase for kerosene, while also assuring the public that national fuel inventories remain adequate.
The Philippines recorded the highest electricity rate in the Association of Southeast Asian Nations (ASEAN) in June, surpassing Singapore, as power shortages in the Visayas region drove prices higher, the Department of Energy said Monday.
The Energy Regulatory Commission (ERC) has approved the application of NKS Solar One Inc. to connect its 250-megawatt-peak floating solar project to the Luzon grid through a direct connection to the 230-kilovolt Lumban Substation of the National Grid Corp. of the Philippines (NGCP), subject to certain conditions.