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Philippines investment board awards green lane for solar power project

MANILA, Jan. 29 (Xinhua) -- The Philippine Board of Investments has granted the green lane certificate for the floating solar power project that will soon rise in Nueva Ecija province, north of Manila, the Department of Trade and Industry (DTI) said on Monday. The Fuego Renewable Energy Corp. (FREC) will build the Pantabangan Floating Solar Power Plant, a 463.995 megawatts (MWac) floating solar photovoltaic (PV).....»»

Category: sportsSource:  abscbnRelated NewsFeb 1st, 2024

Philippines investment board awards green lane for solar power project

MANILA, Jan. 29 (Xinhua) -- The Philippine Board of Investments has granted the green lane certificate for the floating solar power project that will soon rise in Nueva Ecija province, north of Manila, the Department of Trade and Industry (DTI) said on Monday. The Fuego Renewable Energy Corp. (FREC) will build the Pantabangan Floating Solar Power Plant, a 463.995 megawatts (MWac) floating solar photovoltaic (PV).....»»

Category: newsSource:  inquirerRelated NewsJan 30th, 2024

Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles

The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Solar Philippines, Indonesian partner secure $14 million loan for solar farm

Solar Philippines and its Indonesian partner have secured a $14-million bank loan for the development of a 25-megawatt solar farm in Kubu District, Karangasem Regency, East Bali......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

Solar Philippines, Indonesian partner secure $14 million loan for solar farm

Solar Philippines and its Indonesian partner have secured a $14-million bank loan for the development of a 25-megawatt solar farm in Kubu District, Karangasem Regency, East Bali......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

SPNEC confirms it is looking for investors in Terra Solar to help fund project dev t

SP New Energy, Meralco’s new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” .....»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

Alternergy reallocates IPO proceeds to Tanay and Alabat projects

Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»

Category: financeSource:  philstarRelated NewsMar 26th, 2024

New Toyota Tamaraw rolling out in Q3

Toyota Motor Philippines is planning to roll out the next generation Tamaraw in the third quarter......»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

SPNEC seeks funding boost for world’s biggest solar farm

Manuel V. Pangilinan-led SP New Energy Corp. is looking to bring in partners, particularly foreign investors, to help finance the development of the P200-billion Terra Solar development in Nueva Ecija and Bulacan, which will become the world’s largest solar project once completed......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

MGreen unit breaks ground for Nueva Ecija solar plant

Greentech Solar Energy Inc. , a subsidiary of MGreen Renewable Energy Inc., broke ground on an 18.75-megawatt alternating current solar power plant project in Bongabon, Nueva Ecija......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

SP New Energy suspension lifted after Solar Philippines donates another 220 million SPNEC shares

The PSE lifted the suspension that had affected SP New Energy shares since January 26 after SPNEC said that Solar Philippines Power Project Holdings Inc. had donated 220 million SPNEC shares to Asia Pacific Institute for Green Development on January 24, and that the donation had increased SPNEC’s public float [link] back above the 20% minimum threshold for active trading......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

JG Summit RE arm makes milestone in solar rooftop

Merbau Corp., the renewable energy arm of conglomerate JG Summit Holdings Inc., has inaugurated its 13.81-megawatt peak roof-mounted solar power project in Batangas City, which is considered as the biggest consumer-driven rooftop solar installation in the country......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2024

300M Coliseum Project is set to be constructed at the CatSU Compound

Catanduanes State University’s leadership joyfully announces the initiation of a 300 million project aimed at constructing a coliseum on a one-hectare plot within the campus. In a statement by President Patrick Azanza, he indicated that the initial phase, valued at 100 million, is slated to commence this year, with the entire project anticipated to conclude […] The post 300M Coliseum Project is set to be constructed at the CatSU Compound appeared first on Bicol Peryodiko......»»

Category: newsSource:  inquirerRelated NewsJan 11th, 2024

Citicore breaks ground for Negros solar project

Citicore Renewable Energy Corp. has broken ground for a 69-megawatt-peak solar power plant project in Negros Occidental.c.....»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2024

PetroGreen and Mapua partner for Davao rooftop solar project

PetroGreen and Mapua partner for Davao rooftop solar project.....»»

Category: newsSource:  sunstarRelated NewsFeb 20th, 2024

DA-9 unveils P5-M irrigation project in Zambo City

ZAMBOANGA CITY–The Department of Agriculture-9 (DA-9) inaugurated Monday a PHP5-million solar-powered irrigation project to an association of farmers in this southern port city. DA-9 Executive Director Rad Donn Cedeño said the irrigation project for the Inner Presa Small Water Impounding System Association (SWISA) in Barangay Curuan consists of a deep well that uses an electric […].....»»

Category: newsSource:  balitaRelated NewsApr 9th, 2024

SPNEC confirms 2026 as the completion target for Phase 1 of Terra Solar Project

SP New Energy confirmed, in response to a PSE query, that it plans to complete the 3.5 GW Terra Solar Project in two phases......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

Filinvest Invests P16B in Ciudad BTO Project

The development of Ciudad will finally be realized after the Province of Cebu turned over Friday a parcel of the property to homegrown developer Filinvest Land, Inc. (FLI) through a build-transfer-operate (BTO) engagement. Cebu Gov. Gwendolyn Garcia and Tristan Las Marias, FLI president and CEO, formally kicked off the project in simple ceremonies onsite on […].....»»

Category: newsSource:  metrocebuRelated NewsMar 26th, 2024

Solar-powered irrigation project sa Mabini, Bohol

Solar-powered irrigation project sa Mabini, Bohol.....»»

Category: newsSource:  sunstarRelated NewsMar 3rd, 2024

BOI-assisted RE firm to develop floating solar project in Laguna Lake

SunAsia Energy Inc., a firm assisted by the Board of Investments (BOI), will soon develop a floating solar project in Laguna Lake after signing a contract with the Laguna Lake Development Authority (LLDA)......»»

Category: newsSource:  samarnewsRelated NewsFeb 5th, 2024