Philippines introduces priority dispatch for renewables, opens market to 100% foreign investments
The government of the Philippines has introduced a new preferential dispatch policy for renewable energy in the country’s wholesale electricity spot market. It has also started to amend the Renewable Energy Act to remove a 40% ownership cap on foreign investments in clean energy projects.
ACEN commits $800 million for 600 MW solar and storage project
A solar PV and battery energy storage project planned for the New South Wales Central West tablelands has achieved a major milestone with project developer ACEN Corporation approving $800 million for the construction of the 400 MW Stubbo Solar Farm.
IRENA highlights solar critical to ASEAN energy transition
Indonesia will have to get to work installing more than 24 GW of solar this year – and every year – if the region is to achieve the 2.1 TW to 2.4 TW of photovoltaics the International Renewable Energy Agency has estimated it will require to achieve a net zero carbon energy system by 2050.
Pumped hydro storage takes shape in the Philippines
Prime Infra recently acquired a 500 MW pumped storage hydropower project in Rizal province in the Philippines. The company is also developing a 1.4 GW facility in the country.
Solar Philippines to build 4 GW solar farm in Nueva Ecija, Bulacan provinces
Solar Philippines, a Manila-based PV module manufacturer and project developer, is looking to secure at least 2,500 hectares of land to expand its 500 MW flagship solar project to 4 GW.
ACEN’s $100 million funding deal boosts 20 GW portfolio plans
The Australian arm of Philippines-based energy company AC Energy has secured a $100 million loan facility which will be used to accelerate the development of clean energy projects in Australia with the company seeking to grow its renewables capacity to 20 GW by 2030.
Philippines allocates 1.57 GW of solar in 2 GW renewables auction
The main winner of the first renewables auction in the Philippines was developer Solar Philippines Nueva Ecija Corp. (SPNEC), which secured five solar projects, or 1.35 GW of capacity.
Philippines approves 24 bidders for 2 GW renewables auction
Eight of the 24 bidders in the latest renewables auction in the Philippines are focusing on solar, along with eight bidders looking at wind, seven linked to run-of-river hydro, and one connected to biomass.
Prime Infra plans massive 3.5GW solar farm for Philippines
Philippines-based Prime Infrastructure Holdings has unveiled plans to construct a massive solar farm and energy storage project featuring up to 3.5GW of PV backed by up to 4.5GWh of battery energy storage in the Southeast Asian nation.
‘Clear winds of change’ in Southeast Asia
After a decade of under-delivering on its potential, there are changes afoot in Southeast Asia’s renewable energy development, says Assaad W. Razzouk, the CEO of Singapore-based developer Gurin Energy. Razzouk points to success stories in the region and notes that political will and clear regulations for developers are needed.
