In Short : ADB President Masato Kanda met Philippine President Ferdinand Marcos Jr. to strengthen cooperation on inclusive and sustainable growth. Marcos praised ADB’s key role in Philippine development, highlighting projects in infrastructure, healthcare, and climate action. Kanda, newly appointed ADB chief, reaffirmed support for the country’s economic resilience and social welfare initiatives. In Detail […]
Philippine regulators clear USD-36m solar project in Luzon – EQ Mag Pro
The Philippine Board of Investments (BOI) has given the green light to the construction of a PHP-2-billion (USD 35.6m/EUR 34.7m) solar park on the archipelago’s largest island of Luzon, the government announced on Wednesday. The project was put forward by domestic developer PAVI Green Renewable Energy Inc and is aimed at helping the island meet […]
KKR to Invest More in Philippine Energy Sector – EQ Mag Pro
MANILA, Philippines : Global investment firm KKR & Co. Inc. is looking to pour in substantial investments into the Philippine energy sector as it moves to develop more clean energy sources. KKR, listed in the New York Stock Exchange, sees strong investment opportunities in the Philippine market as it undergoes an energy transition, KKR’s Asia […]
Japan’s Mitsui, Local Partner Plan 115-MW Philippine Solar Project
Japanese trader Mitsui & Co (TYO:8031) and independent power producer Global Business Power Corp will jointly develop a 115-MW solar project in the Philippines. The JPY-7-billion (USD 64m/EUR 53m) solar project is Mitsui’s first in Southeast Asia and the Japanese trading house will cover 40% of the total cost, says a report by Nikkei Asia. […]
Coro Energy advances Philippine solar and wind projects towards first key milestones
Coro Energy PLC updated investors following its recent acquisition of Global Energy Partnership Limited and its portfolio of operated renewables projects. According to the statement, work is underway to progress its new flagship wind and solar projects in the Philippines which will each have some 100 megawatts of capacity. Progress has included talks over energy […]
AboitizPower sets 2030 target to balance 50/50 renewables, thermal portfolios
Philippine power company Aboitiz Power Corp (PSE:AP) announced that it will aim to achieve a 50:50 balance between its renewable energy and thermal power portfolios by 2030. To realise the plan, AboitizPower will look to invest in more renewable energy projects both at home and abroad over the next decade. “Last year was a year […]
UPC/AC reach fin close on part of 720-MW Aussie solar project
Financial close has been achieved on the first 400-MW phase of the 720-MW New England Solar Farm in New South Wales, Australia, developer UPC/AC Australia said today. The hybrid project, featuring an up to 400-MWh battery storage system, is expected to be fully operational by the end of 2023. Debt financing for its initial stage was […]