The equity transfer comes weeks after Meralco launched a 2MW/2MWh battery electric storage system 50km north of Manila that will work to stabilise energy from a 3.8MW solar farm.
TPC Construction partners with local firm Amatera Renewable Energy Corp to build 50MW project near Bacolod city, with search now underway for investor backers.
ADB offers US$100m for renewables in Pacific Islands, PetroSolar connects 20MW Filipino plant to Luzon grid, University of Queensland starts building 64MW solar farm, Technique Solaire bags financing for 47MW France portfolio.
The Philippines' first floating solar testbed to withstand typhoons is in a region that has on average 20 storms a year. It will also assess framed and frameless PV modules.
The Senate committee examining a house bill granting a PV mini-grid franchise to renewable energy firm Solar Phillippines has been debating the reach of the franchise as well as its exclusivity, with the discussion to reconvene in May after the general election.
The Philippines Competition Commission (PCC) has cleared Kepco Philippines Holdings to acquire a 38% share in Solar Philippines Calatagan Corporation (SPCC), a unit of Solar Philippines.
UPDATED: A controversial House Bill granting private Filipino firm Solar Philippines a PV mini-grid and transmission franchise across the Philippines has all but passed through Congress, with only a procedural third step left to confirm the final draft of the Bill.
