Indonesia’s Pertamina secures stake in Citicore Renewables
Indonesian state-owned energy company Pertamina New & Renewable Energy has acquired a 20% stake in Philippine solar developer Citicore Renewable Energy Corp. for about $186 million, with both companies planning joint investments in solar and other renewable projects in Indonesia.
Philippines reveals timeline for 10 GW renewables auction
The Philippines government has kicked off its fourth green energy auction (GEA-4), targeting more than 10 GW of solar and wind capacity.
Gstar launches solar cell, module production in Philippines
Gstar has completed the first phase of its factory in the Philippines, set to produce 1 GW of solar modules and 1.5 GW of solar cells. The Singapore-based solar manufacturer says a planned second phase will take its solar module nameplate capacity to 2 GW.
Acen targets $835 million to fuel renewables expansion
Renewables developer Acen, a key player in the Australian energy transition, is returning to the capital market with plans to raise almost $835 million to fuel its expansion and investment in the clean energy sector as it seeks to almost triple its renewable energy capacity to 20 GW by 2030.
Acen seals deal to support growth of 13 GW Australian portfolio
Philippines-controlled Acen Australia has finalised a $750 million portfolio debt financing transaction that will support the operation and ongoing development of one of the largest renewable energy pipelines in the country and establish a platform for financing new projects in Australia.
Philippines issues terms for renewables auction with storage
Pairing solar plants with battery energy storage systems will be the main strategic focus for the Philippines’ upcoming renewable energy auction. Each project must have a minimum storage duration of four hours to ensure sufficient grid support and energy reliability.
Acen plans investment in 80 MW Malaysian solar package
Philippines-based energy company Acen Corporation is preparing to sign off on a $20 million investment in multiple solar PV projects with a combined capacity of about 80 MW in Malaysia as part of its joint venture with a unit of German solar developer ib vogt.
Gurin Energy completes 75 MW PV project in Philippines
The ground-mounted 75 MW project features more than 136,000 solar panels deployed across an 80-hectare site. Retail electricity units belonging to Philippine power company AboitizPower will offtake the energy produced.
Masdar makes 1 GW move into Philippines power market
United Arab Emirates-based renewable energy company Masdar has announced its entry into the Philippines market, revealing plans to develop 1 GW of clean energy projects in the Southeast Asian nation by the end of the decade.
World’s largest 3.5 GW Terra solar project breaks ground in the Philippines
Phillippines renewable energy companies have broken ground on the 3.5 GW Terra Solar and 4.5 GWh battery storage project, tipped to be the world’s largest integrated solar and battery facility.
