Ayala plans to build two solar project in Pampanga and Zambales
AC Energy Philippines Inc., a subsidiary of Ayala Group has planned to build two solar projects with 150 MW total capacity located in Central Luzon, Philippines.
AC Energy Philippines Inc., through a 50/50 joint venture with Citicore Renewable Energy Corp, will develop a 75 MW solar plant, stretched within the municipalities of Arayat and Mexico, in Pampanga province, with an investment of PHP3.3 billion (US$67.89 million). The project is expected to operational by the last quarter of 2021,
The second 75 MW solar project will be located in Palauig town, in Zambales province, with an estimated cost of PHP2.9 billion (US$59.66 million) investment. It expected to be operational by the first quarter of 2022.
Country updates
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August 05, 2020
Vestas to service 54 MW Pililla Wind Project near Manila
Vestas has secured an agreement with Vena Energy to service its 54 MW Gamesa turbines at Pililla Wind Project in the Philippines. Located 50 kilometers east of the capital city, Manila, the Pililla...
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August 03, 2020
Soosan ENS bids as O&M provider for 650 MW Malaya Thermal Power Plant (MTPP) in Pililia
South Korea’s Soosan ENS Co. Ltd. has emerged as a lone bidder with a bid of Php222.55 million (US$4.5 million) for the one-year service contract of the 650 megawatt Malaya Thermal Power Plant i...
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July 06, 2020
KKR & Co enters agreement with First Gen Corp for the 11.9% stakes sale
Kohlberg Kravis Roberts (KKR & Co Inc) has entered into an agreement with the First Philippine Holdings Corporation for the sale of an 11.9% stakes in First Gen Corporation. KKR h...
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May 13, 2020
Siemens Gamesa starts construction of wind-plus-storage project in Puerto Galera
Siemens Gamesa Renewable Energy SA is fast advancing on an innovative hybrid energy project in Puerto Galera on the island of Mindoro in the Philippines that will provide a stable electricity sup...
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May 08, 2020
Tender launched for solar and battery storage system project development in Micronesia
The Government of Micronesia, in partnership with the Asian Development Bank (ADB), has launched tender for the development of the FSM Renewable Development Project (FSMREDP). The Department of...
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