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NIA ventures into floating solar power

The National Irrigation Administration has opened its doors for floating solar power in its dams and reservoirs as it aims to increase power production and save agricultural lands......»»

Category: financeSource: philstar philstarJun 13th, 2018

Floating solar power system eyed in Laguna de Bay

Solar Philippines Power Project Holdings is developing a pilot test of a floating photovoltaic (PV) system at the Laguna de Bay in an effort to address scarcity of available land for this renewable.....»»

Category: newsSource:  philippinetimesRelated NewsJun 11th, 2018

Phinma Energy ventures into solar rooftop development

Phinma Energy Corp., the listed power unit of the Phinma Group, is delving deeper into the renewable energy sector as it ventures into solar rooftop development......»»

Category: financeSource:  philstarRelated NewsMay 2nd, 2018

AboitizPower ventures into solar rooftops

MANILA, Philippines – Aboitiz Power Corporation (AboitizPower) announced it is entering the solar rooftop business through a new unit called AboitizPower Distributed Energy Incorporated (APX). In a disclosure to the Philippine Stock Exchange (PSE) on Monday, April 2, AboitizPower said it will expand its solar energy portfolio under its Cleanergy ........»»

Category: newsSource:  rapplerRelated NewsApr 2nd, 2018

SoftBank plans $60-100 bn investment in solar in India: report

Japan’s SoftBank is planning to invest between $60-100 billion in a solar power project in India, a Japanese report said Friday, as the firm looks to expand its interests into various sectors. The report by public broadcaster NHK comes after SoftBank announced in March it would partner Saudi Arabia on a multi-billion dollar solar project […] The post SoftBank plans $60-100 bn investment in solar in India: report appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 15th, 2018

PH solar power plants among Southeast Asia s top 25

Philippine facilities occupy 10 slots in Southeast Asia's top 25 operational solar power plants, and electricity produced from this technology is expected to triple in four years, according to.....»»

Category: newsSource:  philippinetimesRelated NewsJun 11th, 2018

Solar PHL aims to deliver 24-hour power in 2 towns

SOLAR Philippines Power Project Holdings, Inc. targets to deliver 24 hours of electricity to two towns in Masbate and Cagayan provinces by the end of June as the company expands its initiative to build microgrids in poorly served areas in the Philippines. The post Solar PHL aims to deliver 24-hour power in 2 towns appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 10th, 2018

ADB urged to fund construction of merchant solar power plants

Solar Philippines founder and president Leandro Leviste is urging multilateral and developmental lenders, including the Asian Development Bank (ADB), to finance the construction of merchant solar power plants in order to unlock the full potential of competition in the country’s power sector......»»

Category: financeSource:  philstarRelated NewsJun 9th, 2018

RCI may revive plans for solar power plant

ROXAS and Company, Inc. (RCI) may revisit its plan of building a 50-megawatt solar power plant some time this year, a top official said. “We revisit it once or twice a year. So toward the third quarter, we can look at it and see if we should consider it or if we will again (delay),” […] The post RCI may revive plans for solar power plant appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 27th, 2018

Legarda: Heed example set by Masbate

Sen. Loren Legarda lauded the now coal-free province of Masbate for banning the development and operation of coal-fired power plants. Legarda said Masbate Provincial Board Resolution No. 096-18 would reduce harmful emissions, promote renewable energy and safeguard the environment and people's health. "I commend these enlightened local government units," Legarda said. "I urge all other provinces to follow suit," said Legarda, chair of the Senate committee on climate change. Masbate has joined an elite club of provinces that is ditching coal in favor or renewable energy like solar, wind and hydropower. The other four provinces that banned the use of coal-powered energy proje...Keep on reading: Legarda: Heed example set by Masbate.....»»

Category: newsSource:  inquirerRelated NewsMay 26th, 2018

Meralco, AboitizPower keen on New Clark City ventures

Manila Electric Co. and Aboitiz Power Corp. are keen on investing in a new distribution utility in partnership with the Bases Conversion and Development Authority for New Clark City, touted as the next growth center in Luzon......»»

Category: financeSource:  philstarRelated NewsMay 25th, 2018

Ayala unit buys stake in Aussie power firm

The country's oldest business house Ayala Corp. is debuting in Australia's renewable energy space through a joint venture with international renewable energy developer UPC Renewables on a 4,600-megawatt (MW) energy portfolio in the continent. Through wholly owned unit AC Energy, the group is investing $30 million for a 50-percent ownership in UPC's Australian business. The local conglomerate has also committed a $200-million facility to fund project equity. UPC Renewables Australia is developing the 1,000-MW Robbins Island and Jims Plain projects in North West Tasmania and the 600-MW New England Solar Farm located near Uralla in New South Wales. It has a further development portfol...Keep on reading: Ayala unit buys stake in Aussie power firm.....»»

Category: newsSource:  inquirerRelated NewsMay 23rd, 2018

AboitizPower sets P62-B capex for 2018

Aboitiz Power Corp. has earmarked P62 billion for capital expenditures this year as it sees the commissioning of more than 500 megawatts of generating capacity in coal-fired and hydro power assets. In a briefing, AboitizPower president and chief operating officer Antonio R. Moraza said this was the bulk of the P77-billion capex that parent firm Aboitiz Equity Ventures (AEV) had set for 2018. Moraza said more than half of the P62 billion was set aside for subsidiary Therma Power's super-critical coal fired power plant in Dinginin, Bataan. GNPower Dinginin Ltd. Co., a joint venture with the Ayala group's AC Energy as well as the Greece-based Power Partner group, is building a 668-...Keep on reading: AboitizPower sets P62-B capex for 2018.....»»

Category: newsSource:  inquirerRelated NewsMay 21st, 2018

El Nido resort turns to crowdinvestors for solar power project

A luxury eco-resort in El Nido, Palawan, has turned to crowdinvestors in Germany to raise about P30.8 million or 500,000 euros for its planned 175-kilowatt hybrid solar power system. Investors can start at 500 euros (about P31,000) but those who put in at least 10,000 euros ( P616,000) --- at least the first 30 who do so --- get to stay free for two nights at the Cauayan Resort. According to Germany-based GreenVesting Solutions GmbH, which helped kickstart the funding round, the project will have a photovoltaic (PV) system from local partner Enervinci Philippines CEnAG Solar as well as an energy storage system that will be installed by Berlin-based Autarsys GmbH. The resort is c...Keep on reading: El Nido resort turns to crowdinvestors for solar power project.....»»

Category: newsSource:  inquirerRelated NewsMay 20th, 2018

Citicore Power purchases five solar power plants

CITICORE POWER, Inc. (CPI) acquired five solar power plants with a total capacity of 59.9 megawatts (MW) from Armstrong Asset Management Pte Ltd. and its local co-developers, the company said on Sunday. “We are very excited about this acquisition as it strengthens our position in building a nation powered by clean renewable energy,” said Citicore […] The post Citicore Power purchases five solar power plants appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 20th, 2018

World s first floating nuclear barge to power Russia s Arctic oil drive

MURMANSK, Russia – To meet its growing electricity needs in its drive to develop oil resources in remote Arctic regions, Russia has built a floating nuclear power station, a project that detractors deride as a "Chernobyl on ice". Built in Saint Petersburg, the Akademik Lomonosov is currently moored in Murmansk where it is ........»»

Category: newsSource:  rapplerRelated NewsMay 19th, 2018

AboitizPower launches 100-kilowatt solar rooftop installation

Aboitiz Power Corp. (AboitizPower) has launched a 100-kilowatt solar rooftop installation, marking its foray into the small-scale market segment that also further expands its diverse Cleanergy brand. “We want to show customers our confidence in the technology and its capability by putting it on our own roof,” said Jose Rafael Mendoza, general manager of AboitizPower […] The post AboitizPower launches 100-kilowatt solar rooftop installation appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2018

Aboitiz Equity Ventures income rises 3% in Q1

ABOITIZ Equity Ventures, Inc. (AEV) reported a 3% increase in first quarter consolidated net income to P4.8 billion despite its power business, the biggest contributor to the holding firm, reporting lower profit during the period. AEV told the stock exchange the modest income growth came after lower one-off losses representing net unrealized foreign exchange losses. […] The post Aboitiz Equity Ventures income rises 3% in Q1 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 3rd, 2018

AEV first-quarter profit inches up by 3%

Aboitiz Equity Ventures, Inc. (AEV) grew its first quarter consolidated net income by 3% to P4.8 billion from P4.7 billion last year due to lower one-off losses representing net unrealized foreign exchange losses. Power accounted for 64% of total income contributions, followed by Banking & Financial Services (30%), Food (6%), Land (1%), and Infrastructure (-2%). […] The post AEV first-quarter profit inches up by 3% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 3rd, 2018

SunAsia gets go-signal to build solar power plant

THE ENERGY Regulatory Commission (ERC) has approved “with modification” the electricity supply agreement between Dagupan Electric Corp. and solar farm developer SunAsia Energy, Inc., which is planning to build a 20-megawatt peak (MWp) solar power plant in Pangasinan. In their joint application with the ERC, the contracting parties said they had entered into the supply […] The post SunAsia gets go-signal to build solar power plant appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 29th, 2018

Russian firms interested in transport, aerospace

THE Department of Trade and Industry (DTI) said it has received expressions of interest from Russian companies to invest in projects involving transport infrastructure, aerospace, iron and steel, autos, power generation equipment, mineral processing, and agriculture. In a statement, the DTI said some the Russian firms are also interested in joint ventures with local partners. […] The post Russian firms interested in transport, aerospace appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 26th, 2018