solar philippines

From 2023-2025, investments in Southeast Asian renewables will exceed US$76 billion, and this investment amount will likely continue to rise. 

Investment in renewables in Southeast Asian countries could reach US$119 billion by 2027 driven by wind, solar and geothermal projects, according to energy research Rystad Energy.

Solar Philippines Neva Ecija Corporation (SPNEC) has planned to start construction later this year on its 3.5GW solar farm in the Philippines.

Solar Philippines Nueva Ecija Corporation (SPNEC) is planning to add a 3.5GW solar farm to its 500MW system already under construction on the Northern Filipino region of Luzon, which the company claims would make it the largest PV project in the world.

Shell Overseas Investments and renewable energy company Emerging Power Inc. (EPI) have agreed to jointly develop, own, operate and maintain 1GW of utility-scale solar PV in the Philippines by 2028.

Nearly 1.5GW of solar PV in the Philippines has been contracted through the country’s new renewables auction round.

Project developer Solar Philippines has submitted offers to contract output from 10GW of PV plants currently under development.

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.

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.