The Philippines arm of Australian renewable developer Maoneng has completed a 202.4 kWp installation on the rooftop of the Wesleyan University Philippines.
The list of the eligible renewable energy producers also includes 36 hydropower facilities totalling 412.8MW, 36 biomass schemes with an aggregate capacity of 264.8MW, seven wind farms with a total power of 409.9MW, and six geothermal power plants totalling 218.5MW.
Filipino conglomerate San Miguel Corp aims to complete 1GW of battery storage projects this year to make way for the integration of some 3GW of intermittent renewable energy generation.
The solar park is part of a 1GW portfolio of unsubsidised PV projects. Completion is scheduled for 2023.
Solar Philippines will tap stock market investors to back the first section of a solar project in Luzon it says will eventually be the largest in the region.
Makati-based Solar Philippines has said it saw the potential of solar six years and is now aiming to help other companies accelerate the nation’s energy transition.
Corporate power purchase agreements are the second most adopted purchasing method in the world, and they’re growing fast. With the U.S. and Europe picking up the pace in the last year, the Asia Pacific is not going to be left behind, with Wood Mackenzie estimating corporate PPAs in the region doubled in the last year.
PH Renewables, Inc. (PHRI), a subsidiary of Global Business Power Corporation (GBP), which is itself part of the Philippines power utility Manila Electric Company (Meralco), has begun construction on a 115 MW solar park in Rizal, Luzon.
PV markets in Southeast Asia have picked up over the past two years, driven by the astounding growth of Vietnam. Regional policies, combined with growing demand for renewable power in the manufacturing industry, will result in 27 GW of new PV installations across the region over the next five years, writes IHS Markit analyst Dharmendra Kumar. PV installations in these countries are driven by attractive feed-in tariffs, net energy metering, tariff-based auction mechanisms, and other incentives.
A 63 MWp solar project has been completed in the Philippines by Modern Energy Management (MEM) for AC Energy. The Gigasol project is part of the latter’s plan to roll out 5 GW of renewable energy capacity by 2025.
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