Shell Forms JV to Develop 3 GW of Renewable Energy Projects in the Philippines

Shell Forms JV to Develop 3 GW of Renewable Energy Projects in the Philippines

The renewable energy subsidiary of Nickel Asia Corp (NAC), Emerging Power, signed a joint venture (JV) agreement with Netherlands-based Shell Overseas Investments (Shell) to develop, own, operate, and maintain onshore ...
Philippines Awards 1.57 GW of Renewables Under its Green Energy Auction Program

Philippines Awards 1.57 GW of Renewables Under its Green Energy Auction Program

The Philippines' Department of Energy has awarded 19 contracts to develop 1.57 GW renewable energy projects under the first round of the 2 GW Green Energy Auction Program (GEAP). The ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Committee Set Up to Resolve Disputes in the Renewable Sector

Daily News Wrap-Up: Committee Set Up to Resolve Disputes in the Renewable Sector

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of New & Renewable Energy (MNRE) has set up a Dispute Resolution Committee (DRC)  to ...
Daily News Wrap-Up: SB Energy Places Order for 1.5 GW of Solar Modules with First Solar

Daily News Wrap-Up: SB Energy Places Order for 1.5 GW of Solar Modules with First Solar

Here are some noteworthy cleantech announcements of the day from around the world: SB Energy Global, a subsidiary of SoftBank Group Corp., announced that it had placed a multi-year order ...
Philippines Launches Tender for 2 GW of Renewables Under its Green Energy Auction Program

Philippines Launches Tender for 2 GW of Renewables Under its Green Energy Auction Program

The Department of Energy of the Philippines, through its Green Energy Auction program, launched an auction to allocate 2 GW of renewable energy capacity across its three main power territories. The department ...
/ / Solar, Tenders & Auctions
Philippines Issues Tender to Develop 850 MW of Renewable Energy Projects

Philippines Issues Tender to Develop 850 MW of Renewable Energy Projects

The Manila Electricity Company (Meralco), a Philippines-based power distribution company, has invited bids to develop 850 MW of renewable energy projects in the country. The last date to submit bids ...
/ / Solar, Tenders & Auctions
Japanese Energy Company JERA Invests $1.58 Billion in Philippines Power Utility

Japanese Energy Company JERA Invests $1.58 Billion in Philippines Power Utility

Japanese energy company (JERA) has entered into a share purchase agreement with Aboitiz Equity Ventures and Aboitiz & Company to purchase around 27% of the outstanding shares of Aboitiz Power ...
/ / Finance and M&A, Other
Philippines Promotes Use of Solar Energy in Buildings for Energy Conservation

Philippines Promotes Use of Solar Energy in Buildings for Energy Conservation

Philippines has issued policy guidelines for the adoption of energy-conserving building design and to enhance the demand for energy-efficient materials and technologies. According to the guidelines issued by the Department ...
/ / Markets & Policy, Solar
Philippines-Based AC Energy Launches $400 Million Green Bonds

Philippines-Based AC Energy Launches $400 Million Green Bonds

AC Energy, the energy platform of Philippines-based Ayala Corporation, has launched its non-deferrable green bonds. The aggregate principal amount is $400 million, with a fixed coupon of 5.6% for life ...
/ / Finance and M&A, Solar
NTPC Issues EPC Tender for 1 GW of Solar Projects Under Phase-II of CPSU Program

Global Renewable Industry Created 11 Million Job Opportunities in 2018: IRENA

The widespread adoption of renewable energy technologies has helped generate 11 million employment opportunities in the global renewable energy industry in 2018, says a report released by the International Renewable ...
IREDA Green Masala Bonds

IFC Announces Investment of $75 Million in AC Energy’s Green Bonds

The International Finance Corporation (IFC) has announced that it has committed an investment of $75 million in the first-ever listed green bond issued and guaranteed by AC Energy, the power ...
/ / Markets & Policy, Solar
Can Solar Kits Propel the Growth of Residential Rooftop Market in India?

Philippines Government Working on Rooftop Solar Policy Proposal

The Senate of The Philippines has announced that a proposal to reduce the cost of electricity for households and businesses through the adoption of rooftop solar, is currently under scrutiny ...
/ / Rooftop, Solar
EU Provides €60 Million Grant to the Philippines to Install Solar Home Systems

EU Provides €60 Million Grant to the Philippines to Install Solar Home Systems

The European Union (EU) has provided an approximate grant of €60 million (~$68.54 million) to the Philippine government to help the country increase access to electricity services in its off-grid ...
/ / Off-grid, Solar
GuarantCo and Sindicatum Renewables Sign Deal for Green Bonds Worth $60 Million

GuarantCo and Sindicatum Renewables Sign Deal for Green Bonds Worth $60 Million

GuarantCo Ltd, a part of Private Infrastructure Development Group (PIDG), has signed a deal with Singapore-based developer Sindicatum Renewables for $60 million worth of green bonds. The proceeds from the green ...
/ / Markets & Policy, Solar
Hanergy and Bollore Group to Jointly Develop Solar EVs

Philippines to Turn to EVs and Solar Powered Charging Stations to Curb Emissions

Philippines is shifting towards large scale adoption of  electric vehicles and solar powered charging stations to fight emissions and climate change. “A low-carbon path in the transport sector is an ...
GuarantCo and Sindicatum Renewables Sign Deal for Green Bonds Worth $60 Million

IFC to Issue Green Bonds Worth $90 Million in Philippines

International Financial Corporation (IFC), a member of the World Bank group, has issued its first internationally rated triple-A peso-denominated green bond which is equivalent to $90 million. The bond, called ...
/ / Finance and M&A, Solar
40,500 Home Solar Systems to be Bid in Philippines to Power Off-Grid Communities

40,500 Solar Home Systems to be Bid in Philippines to Power Off-Grid Communities

Solar Home Systems are helping to bring electricity to thousands of homes in off-grid communities in Mindanao, the second largest island in the Philippines. According to the National Electrification Administration ...
/ / Off-grid, Solar
IFC Invests $150 Million in Green Bonds in Philippines

IFC Invests $150 Million in Green Bonds in Philippines

First Filipino Green Bond Attracts Investment from World Bank Member The first green bond launched by a commercial bank in the Philippines has attracted a $150 million (~₹9.65 trillion) investment ...
/ / Finance and M&A, Solar