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) farm expansion of its 500 MW solar park presently under development.
The funding for the property purchases will be sourced from the proceeds of SPNEC’s stock offering, although it has not specified yet the scale of allocation for this undertaking. SPNEC targets raising stock offering of up to PHP10 billion (US$178.1 million).
Country updates
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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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July 11, 2022
ACEN to complete 160 MW wind farm in Ilocos Norte next year
AC Energy Corp, the Philippines-based development company, anticipates to finalize the 160 MW Balaoi and Caunayan wind power project in the province of Ilocos Norte next year. The corporation is also...
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July 06, 2022
Shell to build LNG terminal in Batangas
Shell Energy Philippines plans to invest a sum of PHP3.5 billion (US$66 million) for the development of a liquefied natural gas (LNG) import terminal in Batangas City, the Philippines. The LNG...
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