Green lane certificate awarded for 463.9 MWac floating solar PV project in Nueva Ecija
the Philippine Board of Investments (BOI) granted the green lane certificate for the 463.995 MWac floating solar power project in Nueva Ecija province, north of Manila, the Philippines.
The PHP22.6 billion (US$403.7 million) floating solar plant will span 500 ha on Pantabangan Lake and will be developed by Fuego Renewable Energy Corp. (FREC). The project is scheduled for commissioning in 2025, with its energy output destined for export to the national grid.
On the economic side, the project will be beneficial to Filipinos, as it will generate up to 2,000 temporary and permanent direct job employment opportunities during the Project’s construction, commissioning, operations, and maintenance.
Country updates
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January 30, 2024
65 MW solar project secures government permit in Philippines
The Philippine government has given the green light to an up to 65-MW solar project proposed by local developer Burgos Pangasinan Solar Energy Corp in Burgos municipality, in the coastal province of P...
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January 04, 2024
Meralco taken over SP New Energy Corp.
Meralco Powergen has completed the acquisition of a 50.5% stake in SP New Energy Corporation (SPNEC) via an investment of PHP 15.9 billion (US$ 286 million) in the Philippines. MGEN Renewable Energy,...
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December 29, 2023
Greenlights for two windfarm projects in Philippines
Alternergy 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...
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December 22, 2023
Green lane endorsement given for 450 MW Frontera Bay Wind Power Project in Philippines
The 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...
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November 10, 2023
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 Departmen...
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