Meralco, Mitsui secures PHP2.65bn solar PV project in Rizal
Manila Electric Co., in partnership with Mitsui Group, has secured PHP2.65 billion (US$46.65 billion) financial support for the development of the 75 MW solar photovoltaic (PV) project located in Baras, Rizal, Philippines.
PH Renewables Inc. (PHRI), a unit of MGEN Renewable Energy Inc. (MGreen), has secured the 15-year term financing scheme from Rizal Commercial Banking Corp. The project is expected to be operational by Q1 of 2023.
MPower, Meralco's local retail electricity supply arm, will purchase the energy produced from the plant.
Country updates
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August 26, 2022
MGen, Vena Energy begin construction of 68 MW solar PV project in Ilocos Norte
Meralco PowerGen Corp. (MGen) and Vena Energy have started the construction of the 68 MWAC solar project in Currimao, Ilocos Norte, Philippines. In February 2022, MGreen entered into a partnership wi...
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August 24, 2022
Solar Philippines to develop 4 GW solar project in Nueva Ecija
Solar Philippines Nueva Ecija Corporation (SPNEC) plans to acquire an additional 2,500 hectares of land in Bulacan and Nueva Ecija provinces that will be used for the 3.5 GW solar photovoltaic (PV) fa...
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August 12, 2022
AboitizPower secures long-term PPA with SM Prime
Aboitiz Power Corporation (AboitizPower) has signed a long-term Cleanergy deal with SM Prime Holdings, Inc. in an effort to promote a more environmentally responsible future for the Philippines. ...
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August 12, 2022
AboitizPower plans to develop 3 GW offshore wind assets in the Philippine
Aboitiz Renewables Inc., a renewable energy unit of Aboitiz Power Corp., has been awarded a grant by the United States Trade and Development Agency to conduct a feasibility study for the pot...
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July 26, 2022
PAVI secures clearance for solar project in Naga
The Philippine Board of Investments (BOI) has approved the construction of a PHP2 billion (US$35.8 million) solar photovoltaic (PV) park in the Camarines Sur region with a generating capacity of 40.4...
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