Nexif, SN Aboitiz sign PPA for 75 MWp Calabanga solar project in Camarines Sur
Nexif Energy has signed a long-term power supply agreement (PSA) with SN Aboitiz Power (SNAP) for its maiden solar farm in the Philippines. SNAP is a joint venture between Aboitiz Power Corporation and SCATEC ASA.
The 75 MWp photovoltaic (PV) facility will be constructed in Calabanga, Camarines Sur province. Under the agreement, SNAP will purchase most of the electricity and green certificates generated by Nexif Energy’s Calabanga solar farm for ten years.
Nexif Energy has entered into EPC and O&M contracts with PowerChina Huadong Engineering Corporation and PowerChina Philippines Corporation for the construction and maintenance of the Calabanga project, which is expected to complete construction and start exporting electricity in Q4 2022.
Country updates
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September 30, 2021
JERA invests in Aboitiz Power
JERA Co., Inc. has decided to acquire 27% of the outstanding shares of Aboitiz Power Corporation, a major power utility in the Philippines, for approximately US$1,58 billion. The company has executed...
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September 03, 2021
KKR to raise stake in First Gen Corporation
Global investment firm KKR & Co. Inc. plans to acquire an additional stake in First Gen Corp. after its affiliate, Philippines Clean Energy Holding Inc. made a tender offer for shares. Philippine...
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September 02, 2021
Philippines’ Department of Energy issues Notice to Proceed for LNG hub project in Batangas
Atlantic Gulf & Pacific Company of Manila, Inc. (AG&P) has been issued the Notice to Proceed (NTP) by the Philippines’ Department of Energy (DOE) for the development of its LNG import an...
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September 01, 2021
Renova takes part in 17.4 MW Kiangan Hydroelectric Project in Ifugao
Renova, Inc. has participated in the Kiangan Hydroelectric Power Project with a total capacity of 17.4 MW, currently under development in Ifugao Province, Philippines. The project has successfully con...
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August 23, 2021
Aboitiz Power to energize Davao, Isabela BESS projects in 3 years
Philippines' Aboitiz Power Corporation is aiming to start the commercial of its two battery energy storage system projects in Davao de Oro and Isabela provinces by 2022 and 2024, respectively. ...
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