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offshoreWIND.biz: Iberdrola has signed an agreement with Triconti ECC Renewables, the Philippines’ largest independent wind developer, and Stream Invest Holding AG, a Swiss renewable energy group, sealing an option to enter five offshore wind projects with a combined capacity of up to 3.5 GW. This alliance opens the opportunity for Iberdrola to enter a new […]
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Bloomberg ($): San Miguel Corp., the Philippines’ largest company, said it will start to operate 690 megawatts of its battery-based energy storage facilities early this year, as it seeks to expand investments in renewables. Unit SMC Global Power Holdings Corp. targets to complete this year 31 energy storage facilities with total capacity of 1,000 megawatts, […]
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PV Magazine: Project developer Solar Philippines Nueva Ecija Corporation (SPNEC) has begun construction on the first 50MW unit of a 500MW PV facility on former ranchland in Peñaranda, in the province of Nueva Ecija, in the Central Luzon region. “The first 50MW is targeted to begin delivering power to the grid by the end of […]
Sam Reynolds, Grant Hauber and Press Release
IEEFA’s investigative analysis reveals that only a small fraction of LNG projects are viable across seven emerging Asian countries
15 December (IEEFA Asia): The liquefied natural gas (LNG) industry has framed LNG as a cheap, reliable “bridge fuel” to help countries reduce coal consumption and transition to cleaner renewable energy. For many project developers and countries in emerging Asia, however, LNG is a bridge that may never be built, according to the latest report […]
Haneea Isaad and Press Release
ADB’s plan may not stop the large coal pipeline in Vietnam, Indonesia and the Philippines
10 December (IEEFA Asia): In August, the Asian Development Bank (ADB) announced an ambitious plan to buy high emissions coal-fired power plants in Southeast Asia and retire them within 15 years through an energy transition mechanism (ETM). According to the Institute for Energy Economics and Financial Analysis’ (IEEFA) latest report, if the ETM is not […]
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The Business Mirror: Sara Jane Ahmed, advisor to the Vulnerable 20 (V20) Group of Finance Ministers and founder of the Financial Futures Center (FFC), was recognized as one of the awardees of the Climate Breakthrough Project this year. Ahmed is the first Filipino and Bangladeshi to receive this award. She has authored studies on renewable […]
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Manilla Standard: AC Energy Corp. started the construction of a 283-megawatt solar farm in San Marcelino, Zambales as it continues to expand its renewables capacity in the Philippines. The company, through wholly-owned subsidiary Santa Cruz Solar Energy Inc. as project owner, tapped Power Construction Corp. of China Ltd. and PowerChina Philippines Corp. as the engineering […]
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The Guardian: More than 40 countries have agreed to phase out their use of coal-fired power, the dirtiest fuel source, in a boost to UK hopes of a deal to “keep 1.5C alive”, from the Cop26 climate summit. Major coal-using countries, including Canada, Poland, Ukraine and Vietnam, will phase out their use of coal for […]
IEEFA
Bloomberg ($): The Asian Development Bank has launched a plan that aims to help Indonesia and the Philippines retire 50% of their coal fleet over the next 10 to 15 years. The plan, called the “Energy Transition Mechanism,” comprises two multi-billion-dollar funds. One will be used for the early retirement or repurposing of coal-fired power […]
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Energy Storage News: A battery energy storage system (BESS) will be retrofitted to a utility-scale solar PV power plant in Vietnam, in a pilot project aimed at supporting the spread of renewable energy in the country while reducing power losses. A grant for US$2.96 million has been awarded by the US Consulate General in Ho […]
IEEFA Philippines: NPC-SPUG shift can drive savings to P13.5 billion per year
Shift from diesel to renewables can save electric coops P1.4-1.7 billion over next decade3 December 2020 (IEEFA Philippines): The record-breaking disasters in the Philippines this year highlight the potential for renewable energy to power small island and isolated power grids and save the country up to P13.5 billion per year, and electric cooperatives an additional P1.4 to P1.7 billion over the next decade, finds a new report from […]