BARANGAYS and other government offices in Mandaue City may soon have solar panels installed, boosting energy security and the supply of affordable electricity. This, as the Mandaue City Council mulls an ordinance to develop and promote renewable energy in barangays and city government facilities. City Councilor Joel Seno, who drafted the proposed law, told SunStar […]
Tag: renewable
Citicore prepares for IPO, to invest $4B in renewable energy
Citicore Renewable Energy Corp., one of the Philippines’ biggest solar power producers, is planning to go public this year to fund a $4 billion investment in new solar projects over the next five years, its chief executive officer said on Friday. “For a country such as ours with limited oil and coal but have abundant […]
Infocus International Brings Back Renewable Energy Project Finance & Financial Modelling Masterclass
Singapore, Feb 10, 2023 – (ACN Newswire via SEAPRWire.com) – Infocus International Group is bringing back the Renewable Energy Project Finance & Financial Modelling online masterclass and it will be commencing live on the 7th March 2023. The objective of this course is to provide participants with an enhanced understanding of the financial modelling and […]
Results of Joint Research into Hydrogen Energy Solutions Supported by the Toyota Mobility Foundation were Published in the International Journal of Hydrogen Energy
TOKYO, Feb 8, 2023 – (JCN Newswire via SEAPRWire.com) – A review article by a team of researchers supported by the Toyota Mobility Foundation (TMF) has been published in the International Journal of Hydrogen Energy, a world-renowned scientific journal issued by the Dutch academic publisher Elsevier. Water electrolysis hydrogen generator Title: Influence of renewable energy […]
ACEN eyes long-term deals for project in Australia
ACEN Corp. is aiming to bid for long-term energy service agreements in Australia for a pumped hydro project that was chosen to receive funding to undergo feasibility studies. In a media release on Thursday, the Ayala-led company said studies for its proposed large-scale, long-duration renewable energy storage facility have been progressing with the support of […]
2,000 MW of renewable energy projects in Mindanao in the pipeline
By Maya M. Padillo, Correspondent RENEWABLE ENERGY (RE) projects that can produce about 2,000 megawatts (MW) of power are in the pipeline within the southern Philippine islands, according to an official of the Mindanao Development Authority (MinDA). Assistant Secretary Romeo M. Montenegro, MinDA deputy executive director, said projects with a combined capacity of 400 MW […]
AboitizPower unit secures P20-B loan for RE projects
ABOITIZ Renewables, Inc. (ARI) has secured a P20-billion loan agreement with state-led Land Bank of the Philippines to fund the expansion of its renewable energy (RE) portfolio, its parent firm said. “This loan will allow us to continue providing clean and sustainable energy to help meet the growing demand in the country,” James A. Villaroman, […]
EPIRA bills seek to promote competition
PROPOSED amendments to the Electric Power Industry Reform Act (EPIRA) of 2001 (Republic Act 9136) are focused on encouraging broader competition in the power industry, according to a co-author of one of the pending bills as well as an industry analyst. “The introduction of more private power generation companies necessitates policy changes to promote healthy […]
Chinese companies express interest in RE collaboration
THE DEPARTMENT of Energy (DoE) said it is in official talks with China on possible areas of collaboration within the energy industry, after Chinese companies indicated their interest in investing in renewable energy (RE) projects. “We’ve had discussions with the Ambassador of the People’s Republic of China on different aspects of cooperation in the energy […]
Bicol town receives solar systems to power wells
THE Department of Energy (DoE) said it installed solar-powered pumps to extract potable water from deep wells in Goa, Camarines Sur, as part of a demonstration project for local government units (LGUs), which are being encouraged to adopt more renewable energy (RE) in their communities. “Through investments in off-grid and rural RE systems, local government […]
Hydropower firm secures P2.6-B loan from LANDBANK for Bukidnon project
REPOWER ENERGY Development Corp. (REDC) has secured a P2.6-billion loan from the Land Bank of the Philippines (LANDBANK) for a 15-megawatt hydropower plant project in Bukidnon province, the state-owned bank announced on Tuesday. In a statement, LANDBANK said the loan agreement signed Dec. 6 will partially finance the renewable energy project that will be handled […]
DoE to explore marine-based renewable energy
THE Department of Energy (DoE) said it is evaluating various marine renewable energy technologies. Marissa P. Cerezo, director of the Renewable Energy Management Bureau, said in a virtual briefing on Wednesday that the Philippine clean energy strategy will involve harnessing ocean energy. Michael Lonchivar Sim Abundo, director of Ocean Pixel Pte. Ltd., said at the […]
Filipino-Indonesian power firm expands Tawi-Tawi operations
KALTIMEX Rural Energy Corp. (KREC), a Philippine subsidiary of Indonesian firm PT. Kaltimex Energy, is expanding its power supply operations in the island province of Tawi-Tawi through a P75.55-million investment on its off-grid plant. In a statement on Tuesday, the Regional Bangsamoro Board of Investments (BBOI) said it approved the project on Dec. 9, which […]
South Korea expresses interest in renewables dev’t after PHL opens up foreign investment
THE DEPARTMENT of Energy (DoE) said South Korea is exploring “practical ways to cooperate” with the Philippines to help the latter achieve energy security via renewable energy, which was recently opened up to 100% foreign investment. Soonchang Hong, Minister Counselor of the Korean Embassy, said during the 2022 Korea-Philippines Energy Forum Friday that the government […]
SEA Solar & Energy Storage Market is Ready to Take Off
BANGKOK, Nov 29, 2022 – (ACN Newswire via SEAPRWire.com) – SEA’s 2025 target to have 35% of total power capacity from renewable energy sources is expected to be supported by the strong solar and Energy Storage sector growth. How exactly should the quota availability be matched? Energy Box is organizing Solar Energy Storage Future SEA […]
Powering opportunities for future generations
Children in a remote area in Palawan now dream of a future where they can be engineers or other professions different from anything they grew up knowing, ever since their village gained access to electricity via Pilipinas Shell’s Access to Energy (A2E) program. Sergio C. Bernal, Jr., Pilipinas Shell vice-president for external and government relations, […]
Solar, wind projected to lead renewable energy expansion
SOLAR and wind energy projects will continue to drive the growth of Philippine renewable energy (RE) with additional capacity estimated at 6.8 gigawatts (GW) over the next 10 years, Fitch Solutions Country Risk and Industry Research estimated in a report. In a Nov. 18 report, Fitch Solutions said wind and solar capacity is expected to […]
AboitizPower signs up Victorias Milling, NKC Manufacturing for renewable energy
ABOITIZ Power Corp. (AboitizPower), through its retail electricity supply company Advent Energy Inc., bagged the contracts for two Visayas-based customers who have chosen to shift to renewable energy to run their manufacturing plants under the Department of Energy’s (DOE) Green Energy Option Program (GEOP). GEOP empowers consumers to source renewable energy from a licensed supplier […]
RE share of 80% seen needed for PHL to become Paris-compliant
THE Philippines can only comply with its Paris climate commitments with an 80% share of renewable energy (RE) in its power mix by 2030, an energy think tank said. “As a climate-vulnerable nation, the Philippines needs to be among the loudest voices globally in pushing for a swift and just energy transition aligned to the […]
Samaiden Posts 71.82% Revenue Increase in 1Q FY2023
PETALING JAYA, Malaysia, Nov 16, 2022 – (ACN Newswire via SEAPRWire.com) – Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants today announced that for the first quarter ended 30 September 2022 (1Q FY2023), revenue grew 71.82% to RM40.77 […]