SPNEC signs 10-year PSA for its 500 MW solar project in Central Luzon
Solar Philippines Nueva Ecija Corporation (SPNEC) has signed a 10-year renewable power supply agreement (PSA) with distribution utility Angeles Electric Corporation (AEC) for its 500 MW solar photovoltaic project in Central Luzon, currently the largest solar PV farm in the Philippines.
The project will be constructed in the province of Nueva Ecija. Under the terms of the deal, SPNEC will supply power for an approximately 97.8-megawatt hour (MWh) per day to AEC from 6 a.m. to 6 p.m.
The PSA was conducted through a Competitive Selection Process (CSP) in support of the Philippines' Department of Energy’s (DOE) Renewable Portfolio Standard program.
Country updates
-
-
February 02, 2022
The Blue Circle partners with CleanTech Global Renewables for 1.2 GW wind project in Bulalacao
The Blue Circle and its partner CleanTech Global Renewables, Inc. have signed their first wind energy service contract for the 1.2 GW offshore wind project in Bulalacao, Oriental Mindoro, the Phi...
Read more -
January 28, 2022
Gen X Energy, ACE Enexor to jointly develop 1.1 GW LNG and green hydrogen-fueled power plant in Batangas
Gen X Energy enters into a joint venture with ACE Enexor Inc., a subsidiary of AC Energy Corp., to develop Batangas Clean Energy, Inc.’s (BCE) 1,100 MW combined cycle power plant project. The p...
Read more -
January 27, 2022
Philippines' Meralco launches tender for 850 MW renewable energy projects
The privately-owned electric utility Manila Electric Company (Meralco) has launched a request for expression of interest (RFEOI) for the development of renewable energy projects with a total generatin...
Read more -
November 09, 2021
Construction works start at 283 MW solar project in Philippines
AC Energy Corp, a unit of Ayala Corporation, has started the construction of its 283 MW solar photovoltaic project in the municipality of San Marcelino in Zambales, Philippines.
Read more -
October 19, 2021
KKR completes investment in First Gen
KKR has acquired a 7.3% of common shares of First Gen Corporation that were tendered by shareholders of the company in the Philippines. The transaction has a total investment value of PHP8.68 bil...
Read more
