The Philippine government has given the green light to an up to 65-MW solar project proposed by local developer Burgos Pangasinan Solar Energy Corp in Burgos municipality, in the coastal province of Pangasinan, Luzon island, Philippines.
The Board of Investments (BOI), an agency under the Department of Trade and Industry, has issued a green lane certificate authorizing the project. The proposal is estimated to have a value of PHP 2.7 billion (USD 48.2 million). The photovoltaic (PV) park is planned to encompass 71.5 hectares (176.7 acres) of land, with an installed capacity ranging between 50 MW and 65 MW. Commercial operations are expected to commence in September 2026. Rising Renewables Holdings controls Burgos Pangasinan, and this project is anticipated to contribute to the Philippines' goal of achieving a 35% share of renewable energy in the power generation mix by the end of the decade.
Meralco Powergen has completed the acquisition of a 50.5% stake in SP New Energy Corporation (SPNEC) via an investment of PHP 15.9 billion (US$ 286 million) in the Philippines. MGEN Renewable Energy,...
Read moreAlternergy Holdings Corp. has secured funding amounting to PHP 1.45 billion (USD 26 million) for the development of the 99.2 MW Tanay wind farm and the 64.8 MW Alabat wind farm in the Philippines. Th...
Read moreThe Board of Investments (BOI) has awarded the green lane certificate of endorsement to Ivisan Windkraft for its 450 MW Frontera Bay Wind Power Project in Cavite, Philippines. With the Green Lan...
Read moreACCIONA Energía has announced that it has been awarded, together with its local partner Freya Renewables, development rights for a 160 MW wind farm in The Philippines. The Philippine Departmen...
Read moreThe Board of Investments (BOI) awarded the Green Lane Certificate of Endorsement to The Blue Circle for its Kalayaan 2 wind power project located in the Laguna province (Luzon), Philippines. The...
Read more