BMI: Renewables see increasing gov’t support, investor interest

POWER CAPACITY provided by renewable energy is expected to hit 5.4 gigawatts (GW) in 2026, making the Philippines one of the “outperformers” in the region, BMI Research said. “Increasing investor interest in the [Philippine] renewables sector, supportive government policy and renewed efforts to channel investment into grid infrastructure underpin our constructive growth forecasts for non-hydropower…

AC Energy eyes opportunities in SE Asia

AC ENERGY Holdings, Inc. is transforming itself into a regional player in the energy sector, setting its sights on expanding in Indonesia and entering Vietnam. “We are beginning to look at other Southeast Asian markets. Vietnam is something we are looking at,” said AC Energy President John Eric T. Francia in a briefing on Wednesday….

Metro Pacific group plans to convert QC trash into energy

A consortium led by infrastructure holding firm Metro Pacific has proposed to convert the solid waste of Quezon City, one of the most populous cities in the metropolis, into 42 megawatts of renewable energy that can power up to 90,000 homes. The consortium has obtained “original proponent status” for this unsolicited proposal to develop a…

DoE approves grid impact study for 13 projects

THE Department of Energy (DoE) has cleared 13 power developers to have their projects assessed for their impact on the electricity grid, the country’s power transmission backbone. If the projects move to full completion and commercial operation, they will add at least 2,000 megawatts (MW) to the country’s installed capacity. Of the projects cleared from…

Ayala power unit eyes Vietnam in regional push

AC Energy is studying investment opportunities in Vietnam after gaining a foothold in Indonesia, as it aims to become a regional player in renewable energy, its president said Wednesday. The Ayala Corp power unit will operate its wind farm in South Sulawesi, the first facility of its kind in Indonesia, by the first quarter of…

Filipino, Chinese firms launch wind and solar power plants

Filipino and Chinese companies launched here on Thursday $43 million in wind and solar energy projects that will be built in the northern Philippines. Energy Logics Philippines Inc and Qingdao Hengshun Zhongsheng Group Co, will build a 132-megawatt plant in Burgos and a 100-megawatt facility in Pasuquin, both in Ilocos Norte. “[It is] the biggest…

Chinese firms in talks for new plants in Agus-Pulangi hydro complexes

Chinese companies are now in talks with the government and potential local private sector partners for the development of two additional hydroelectric power plants at the Agus and Pulangi complexes in Mindanao that could produce about 550 megawatts (MW) of new supply. Mindanao Development Authority (MinDA) Deputy Executive Director Romeo M. Montenegro said these two…

GBPC upbeat on projects

Global Business Power Corp. (GBPC) is capitalizing on the rosy business sentiment and the robust line-up of infrastructure projects to expand its energy portfolio into renewable energy and into Luzon, its top official said. The Visayas power producer is looking to leverage on the upbeat business outlook and increased infrastructure demand by expanding its operations,…

DoE lists 209.8 MW worth of hydro projects in pipeline

THE Department of Energy (DoE) said a total of 209.8 megawatts (MW) in new capacity from hydropower sources will become available between this year and 2020. The bulk of the projects, at 134.2 MW, will be coming from six projects in Mindanao. Luzon will be delivering a total of 62.5 MW from three projects, while…

AboitizPower pursues hydro projects in Indonesia, Myanmar

Aboitiz Power Corp. is pursuing hydropower ventures in Indonesia and Myanmar as it looks to expand its business in Southeast Asia amid the oversupply situation in the Philippines, its top official said yesterday. The two countries have the potential for several hundreds of megawatts of hydropower projects which will be the company’s focus for its…

Biomass plants rated at over 37MW could qualify for FiT

SEVEN BIOMASS power plants are scheduled for commissioning or completion this year, keeping them in the running for the reduced feed-in-tariff (FiT) rate of around P6.60 for each kilowatt-hour (kWh) they export to the electricity grid. The projects — four in Luzon and three in Mindanao — have a combined capacity of 37.1 megawatts (MW),…

Solar now cheapest source of energy

Solar power is becoming the world’s cheapest form of new electricity generation, according to an international group of renewable energy and financial experts. A recent report from the Bloomberg New Energy Finance, a team of experts in cross-sectors and cross-geography trends spread across six continents, shows that solar now outranks wind as the cheapest form…