Development rights awarded for 160 MW wind farm project in Philippines
ACCIONA 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 Department of Energy (DOE) has granted the contract through its fourth Open and Competitive Selection Process (OCSP4) for hydropower, geothermal, and wind energy resources. This contract involves the rights for exploration, development, and utilization of wind resources within a specified area in the municipality of Pantabangan, located 150 km north of Manila.
The Philippines government is actively advocating for renewable energy development to reduce reliance on imported fossil fuels, with ambitious targets to increase the renewable energy share in the overall energy mix to 35% by 2030 and 50% by 2040.
Country updates
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October 31, 2023
Green lane certificate granted for 100.8 MW Kalayaan 2 wind project in Laguna province
The 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...
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October 25, 2023
Alternergy gears up for next phase of growth in Philippines
Alternergy Holdings Corp. has reported a consolidated net income of PHP38 million (USD669,267) for the fiscal year ending June 2023 in the Philippines. Over the next two years, Alternergy will b...
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September 13, 2023
Zonal Renewables to construct new 100 MW floating solar project in Philippines
Zonal Renewables has planned to construct a new 100 MW floating solar project on a 90-ha fishpond in Cadiz, Negros Occidental province, Philippines. The floating solar power farm carries the potentia...
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August 10, 2023
ACEN raises loan for 133.5 MWp solar PV project in Cagayan
ACEN Corp. has announced plans to increase its financial support for a 133.5 MW Cagayan North Solar Power project in Cagayan, Philippines. In a recent filing with the stock exchange, the company revea...
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August 09, 2023
ACEN Corp signs 1000 MW floating solar PV project development in Laguna Lake
ACEN Corporation, through its subsidiaries, has signed a Renewable Energy Contract Area Utilization (RECAU) agreement with the Laguna Lake Development Authority (LLDA) to lease 800 hectares of Re...
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