Philippines-based energy company ACEN Corporation has secured a $150 million funding package that will bolster its plans to deliver a 9 GW portfolio of solar, wind, battery storage and pumped hydro projects in Australia.
Solar Philippines says it has broken ground on what it touted to be the world’s largest solar array – a 4 GW solar park spread across 3,500 hectares of land in the northern part of the country.
Philippines-based energy company ACEN Corporation plans to bolster its renewable energy initiatives in Australia after sealing a $75 million green term loan facility that will help fund the delivery of an 8 GW portfolio of solar, wind, battery storage and pumped hydro projects.
The Philippines Department of Energy says the Maharlika Consortium – representing three companies – will develop two microgrid hybrid solar and diesel generator power plants for “underserved” communities located on Panlaitan island and the island of Mindoro.
The PV industry in Southeast Asia has come a long way since guest author Ragna Schmidt-Haupt, partner at Everoze, reported on solar financing innovation in the region more than a decade ago. In this article, she outlines five factors for success, the newest of which has the potential to become a game changer, and not only in Southeast Asia.
Traditional lands owners in Western Australia’s Pilbara region have signed an agreement with mining giant Rio Tinto to collaborate on large-scale renewable energy projects as the resources heavyweight powers up efforts to decarbonise its supply chain.
Off the back of recent legislative changes leading to ‘spurred’ solar PV development, combined with an extremely liberal market, a senior solar analyst from cleantech advisory company Apricum told pv magazine that the Philippines is ‘the place’ to rollout solar projects in Southeast Asia.
Zonal Renewables plans to construct a new 100 MW floating solar project on a 90-hectare fishpond in the Philippines, in Cadiz, Negros Occidental province.
Philippines-based AC Energy Corporation (ACEN) has confirmed plans to up its investment in Australia over the next three years to $6 billion (USD 3.86 billion). The company has been highly active in the Australian market this year, and with its increased investment is seeking to bring a further 3 GW of new renewable capacity online.
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