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IEEFA
PV Tech: Asia boasts a growing number of markets with solar development pipelines in excess of 1GW, a new report by Fitch has found, with the region dominating the consultancy’s project database analysis this year. While solar development in Asia is of course dominated by China, Fitch noted that ten markets in the continent hold […]
IEEFA
Eco-Business: The Philippine government is planning to convert coal plants into renewable energy power stations in Mindanao as part of the country’s transition to clean energy. Finance assistant secretary Paola Alvarez said on Wednesday ( 9 June) that the department is now in talks with multi-lateral lender Asian Development Bank (ADB) to initiate a phase-out […]
IEEFA
Energy Storage News: Fluence has completed the commissioning of two large-scale battery projects in the Philippines, following similar announcements by rivals ABB and Wartsila. The Arlington, Virginia-headquartered multinational said today that two 20MW / 20MWh battery energy storage systems (BESS) have been successfully brought online in the Southeast Asian country. They were delivered for Filipino […]
Sam Reynolds
Fossil gas and nuclear investments risk locking in costly, outdated infrastructure for the long-term
The United States has spent the past four years pushing expensive, unreliable energy infrastructure in the Philippines, rather than promoting cheap renewable technologies better suited for the Philippines market and its clean energy goals. The former Trump administration’s “energy dominance” agenda aimed to stimulate Southeast Asian demand for US fossil gas and nuclear exports as […]
IEEFA
Nikkei Asia ($): Japan is preparing to launch a new initiative aimed at helping the 10-member Association of Southeast Asian Nations cut greenhouse gas emissions and realize a decarbonized society. Tokyo will take the lead in compiling a road map to decarbonization, set up a public and private investment and loan facility of $10 billion, […]
IEEFA
The Economic Times: *AC Energy Corp, the power generation unit of Philippine conglomerate Ayala Corp, will build an 11.4 billion-peso ($239 million) wind farm that it said will be the country’s largest such facility. * The 160-megawatt Balaoi & Caunayan wind farm will be constructed in Pagudpud municipality in Ilocos Norte province on the country’s […]
IEEFA
Power Philippines: PowerSource First Bulacan Solar, Inc. (PFBSI), a 60-40 joint venture between MGen Renewable Energy, Inc. (MGreen) and PowerSource Energy Holdings Corporation has officially started commercial operations of its 50-megawatt solar power plant in San Miguel, Bulacan, providing clean energy to the Luzon Grid. Now called BulacanSol, the newly completed Php4.25 billion solar farm […]
IEEFA
Nikkei Asia ($): Japanese trading house Mitsui & Co. has chosen the Philippines as the site for the company’s first megasolar project in Southeast Asia. Mitsui has formed a renewable energy joint venture with Philippine utility Global Business Power. The solar project in the northern province of Rizal is expected to cost roughly 7 billion […]
Press Release and Sam Reynolds
High regulatory and financial uncertainty in the Philippines market
5 May 2021 (IEEFA Philippines): The race to develop liquified natural gas (LNG) facilities in the Philippines has gone from a marathon to a sprint but potential LNG investors must proceed at their own risk, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Officials in the Philippines have […]
IEEFA
Manila Standard: The consortium behind Redondo Peninsula Energy Inc. pulled out of the planned 660-megawatt coal-fired facility in Zambales province. RP Energy is a joint venture among Meralco PowerGen Corp., a unit of Manila Electric Co., Therma Power Inc. of the Aboitiz Group and Taiwan Cogeneration International Corp. Aboitiz Power Corp. president Emmanuel Rubio said […]
IEEFA: LNG-to-power investors in the Philippines risk exposure to $14 billion in stranded assets
High regulatory and financial uncertainty in the Philippines market5 May 2021 (IEEFA Philippines): The race to develop liquified natural gas (LNG) facilities in the Philippines has gone from a marathon to a sprint but potential LNG investors must proceed at their own risk, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Officials in the Philippines have […]