MANILA, Philippines: The AC Energy group has acquired a 50 percent stake in a 50-megawatt (MW) solar farm in Pampanga being developed by Citicore Solar Energy Corp. (CSEC) In a disclosure to the Philippine Stock Exchange yesterday, AC Energy Corp. (ACEN) said the company and its subsidiary ACE Endevor Inc. signed a shareholders’ agreement […]
AC Energy buys stake in Solar Philippines
AC Energy, part of Philippines business group Ayala, has acquired a 97.6% stake in Solar Philippines Central Luzon (SPCLC) from Solar Philippines Power Project Holdings to form a joint venture to develop solar power projects in central Luzon, Philippines. AC Energy said that SPCLC and another of its subsidiaries, Santa Cruz Solar Energy Inc, would bid for electricity […]
AC Energy buys Solar Philippines subsidiary as part of JV plan
AC Energy Philippines (PSE:ACEN) has acquired a 97.6% stake in a subsidiary of solar and battery storage supplier Solar Philippines Power Project Holdings Inc, namely Solar Philippines Central Luzon Corp (SPCLC). AC Energy, which is part of domestic business group Ayala Corp (PSE:AC), said in a bourse filing on Monday that the deal will enable […]
Philippines to save P13.5 billion yearly from shift to renewables
MANILA, Philippines : The Philippines is seen to save P13.5 billion annually if off-grid areas shift their power source from diesel to renewables, according to a report made by the Institute for Energy Economics and Financial Analysis (IEEFA). The report said an additional P1.4 billion to P1.7 billion could be saved by electric cooperatives (ECs) […]
Building a sustainable energy future for the Philippines
Sometime in the future, every breath of air taken in the city will be refreshing as zero-emission transportation becomes the norm. Energy sources will be greener, recycling initiatives will be popular, and Filipinos will lead a more comfortable life as resources will be made accessible to all. For all of these to happen, the government, […]
Enphase Energy Joins Forces with MSpectrum to Provide Solar Solutions in the Philippines
FREMONT, Calif. : Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, today announced that it has entered into an agreement with MSpectrum, a solar energy renewable provider with headquarters in Pasig, Philippines, to distribute Enphase products to residential and commercial installers across the […]
India, Philippines negotiate on bilateral investment deal
India and the Philippines have begun negotiations on a bilateral investment agreement as they want to further boost their economic ties. New Delhi (VNA) : India and the Philippines have begun negotiations on a bilateral investment agreement as they want to further boost their economic ties. The first round of talks on the new treaty […]
Philippines: $85 billion infrastructure spending in 104 projects
COVID-era flagship projects funded by a mix of government, private money BEST PERFORMER: Pre-COVID, the Philippine economy ranked among the best performers in Asia. Socioeconomic Planning Secretary and National Economic Development Authority (Neda) chief Ernesto M. Pernia said they are well underway to covering most of the items in the new list of flagship projects […]
The opportunities for clean energy in the future Philippines
Like the rest of the global economy, the energy sector has been tested by the COVID-19 pandemic, with its unprecedented slow-down challenging traditional growth thinking. It has had to recalibrate to become more efficient and accommodate increasingly frugal investors and consumers. This was also true in the Philippines, especially during the first three months of […]
AC Energy announces 75-MW solar duo in Philippines
AC Energy announces 75-MW solar duo in Philippines..Read More.. Source : renewablesnow