Mingyang Smart Energy Group Ltd has secured a 306 MW order from Vena Energy for the Talim (212.5 MW) and the Sembrano (93.75 MW) onshore wind projects located in the province of Rizal, Philippines.
The move comes at a time when the Philippines is suffering from a critical shortage of power and high electricity costs due to their extended dependence on imported fossil fuels and growing energy demand. To address the challenges associated with this, the Philippine government has pledged to increase its support for renewable energy and aims to achieve a 50% share of renewable energy in its power structure by 2040, with wind power accounting for roughly 11.8 GW.
As part of the order, Mingyang will supply, transport, install and commission 49 MySE 6.25-172 wind turbines, as well as a long-term O&M service agreement for the two projects. Commissioning for the projects is expected to be completed in late 2024, and upon completion, the projects will contribute significantly towards reducing electricity costs and promoting renewable energy across the country.
Ayala corporation has started the construction of its 300 MW Palauig 2 solar photovoltaic (PV) project in Zambales, Philippines.
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Prime Infra has signed a 20-year power supply agreement (PSA) with Manila Electric Co. (Meralco) to supply 850 MW of energy generated from its 2,500 MW to 3,500 MW solar photovoltaic (PV) system in the Philippines.
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Ahunan Power Inc. has agreed to purchase a majority stake in Olympia Violago Water and Power Inc. (OVWPI), the developer of the 500 MW Wawa Pumped Storage Hydropower Project in Rizal province, Philippines.
Read moreHansei Corporation and Sumec have been selected to deliver the engineering, procurement, and construction (EPC) contract for the development of the 159 MWp solar photovoltaic projects in the Ilocos region of the Philippines.
Read moreSMC Global Power Holdings, the power arm of San Miguel Corporation (SMC), has announced to build a 600 MW liquefied natural gas (LNG) project located in Lapu-Lapu City.
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