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Citicore partners with Trinasolar for solar module supply in Philippines

Global, News

Citicore Renewable Energy Corporation (CREC) has entered into a contract with Trinasolar to procure 2 GW of Vertex N 720W solar modules.  Under the contract, Trinasolar will supply its Vertex N 720W Series solar modules for CREC’s rollout of 2 GW solar capacity, aligning with the Philippines government’s renewable energy programs, including the Green Energy Auction.  This partnership, which now totals 3 GW, supports CREC’s target of 5 GW of renewable energy capacity in five…

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Philippines DOE approves expanded capacity for Tanay Wind Project

Global, News

The Philippines Department of Energy (DOE) has approved an increase in the registered capacity for the Tanay Wind Power Project, raising it to 128 MW from its initial 112 MW.  This expansion allows Alternergy Tanay Wind Corporation, a subsidiary of Alternergy Holdings Corporation, to install 16 wind turbines of 8 MW each, representing the largest onshore wind turbines in the country. The project, with financing of approximately PHP8 billion, is Alternergy’s second wind facility in…

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Philippines DOE greenlights 19 energy projects for grid compatibility assessment

Global, News

The Department of Energy (DOE) in the Philippines has approved 19 projects for grid assessment via the National Grid Corporation of the Philippines (NGCP).  These projects will undergo a system impact study to evaluate grid readiness for new energy connections and identify required upgrades. Seventeen of the approved projects focus on renewable energy, with two involving waste-to-energy and battery energy storage systems.  Notable projects include Vortex Offshore Wind Corporation’s 1,000 MW offshore wind in Mindoro,…

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Copenhagen Energy to accelerate 4 GW offshore wind projects in the Philippines

Global, News

Copenhagen Energy and PetroGreen Energy Corporation have obtained the Green Lane Certificate from the Philippine Board of Investments for their joint floating offshore wind projects under BuhaWind Energy Philippines. This certification will accelerate the permit process, facilitating faster development of their planned 4 GW offshore wind farms. The initiative includes three projects: A 2 GW wind farm in Northern Luzon, targeted for operation by 2030. A 1 GW project in Northern Mindoro, expected to launch…

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Philippines DOE to commercialize three offshore wind projects

Global, News

The Department of Energy (DOE) in the Philippines has announced plans to commercialize three offshore wind projects with a combined capacity of 1,650 MW. The projects have received certificates of confirmation of commerciality, enabling them to enter the development phase. The consortium developing these projects includes Triconti Windkraft Group, Sea Wind Holdings, and Stream Invest Holding. The projects consist of the 450 MW Frontera Bay Wind Power Project, located off the coasts of Cavite and…

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Nexif Ratch secures financial close for Philippines solar project

Global, News

Nexif Ratch Energy has announced the financial close of its 145 MWp Bacolod solar power project, its second solar venture in the Philippines.  The ground-mounted project, located across Bacolod City and Bago City in Negros Occidental province, will provide clean energy to approximately 52,600 households.  The project will connect to the National Grid Corporation of the Philippines’ Bacolod substation. Most of the electricity generated will be sold to a subsidiary of Aboitiz Power under a…

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IPC E&C secures contract for 100 MW wind farm in Philippines

Global, News

IPC E&C Philippines Corporation, a subsidiary of Vietnam’s IPC Group, has won a contract to install wind turbines for a 100 MW onshore wind farm in Laguna province, Philippines. The project, spearheaded by Laguna Wind Energy Corporation and backed by Southeast Asia’s wind energy developer The Blue Circle, will feature 17 Goldwind turbines, each with a capacity of 6 MW. Turbine installation is set to begin in 2025, with commercial operations expected by 2026. This…

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Clime Capital to invest USD 10 million in Upgrade Energy Philippines

Global, News

Clime Capital Management Private Limited has announced plans to invest up to USD 10 million in Upgrade Energy Philippines to accelerate the deployment of solar energy infrastructure across the country. The funding comes from the Southeast Asia Clean Energy Fund. Upgrade Energy, which began its solar journey with a rooftop installation in 2015, aims to surpass 50 MW of installed solar capacity by the end of 2024. Over the next four years, the company plans…

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Actis partners with Meralco, SPNEC for Terra Solar project in Philippines

Global, News

UK-based Actis has partnered with Manila Electric Company (Meralco) and Solar Philippines New Energy Corporation (SPNEC) to invest $600m (£458.55m) in the Philippines’ Terra Solar project. With a capacity of 3.5 GWp of solar power and 4.5 GWh of battery storage, it is the largest integrated renewable energy and storage project globally.  Located on Luzon Island, the project will power 2.4 million households, with Meralco securing 850 MW under a 20-year contract. Completion is expected…

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Vena Energy and MGen Renewable Energy partner on 550 MW solar project in the Philippines

Global, News

Vena Energy has entered into an investment agreement with MGen Renewable Energy to jointly construct a 550 MW solar plant in Bugallon, Luzon, Philippines. Construction of the solar project is set to begin this year, with commercial operations expected to start in the fourth quarter of 2025, making it one of the largest solar plants in the country upon completion. MGen, a subsidiary of Manila Electric Co., aims to reach 1,500 MW of renewable energy…