philippines

An infrastructure company owned by billionaire Enrique Razon is planning to build a solar-plus-storage plant in the Philippines that will feature 2.5 – 3.5GW of PV.

Russia’s invasion of Ukraine was blamed for a collapse in Q1 earnings recorded by independent power producer (IPP) Scatec.

The Philippines looks set to significantly ramp up its solar deployment, according to Fitch Solutions, which has revised up its forecasts for the country’s non-hydro renewables sector in line with a rapidly-expanding project pipeline and growing regulatory support.

Solar Philippines Nueva Ecija Corporation (SPNEC) is looking to raise capital from a stock rights offering (SRO) and private placements with institutional investors to support the development of 10GW of solar PV.

Independent power producer Nexif Energy has secured a ten-year power supply agreement (PSA) for a 75MWp solar plant to be constructed in the Philippines.

The proven ability to install large-scale floating PV plants on water bodies across Southeast Asia means financing should be readily available for new projects, it was suggested during a panel discussion today.

Blueleaf Energy, a portfolio company of Macquarie’s Green Investment Group, has announced plans to co-develop 1.25GW of solar in the Philippines through a new collaboration with local PV player SunAsia.

Commercial operations have started at a 50MW solar power plant in the Philippines after construction was disrupted by the COVID-19 pandemic last year.

Module manufacturer Seraphim has landed a 183MW module supply deal with Philippine EPC ERS Energy.

Updated: High-performance PV manufacturer SunPower has idled all of its manufacturing plants located in the US, Mexico, France, Malaysia and the Philippines to restrict the financial and operational impacts of the COVID-19 pandemic.