PSSEA: PH needs P25B in investments to meet 2030 target
The Philippine Solar and Storage Energy Alliance (PSSEA) shared that the Philippines would need Php 25 billion in investments year on year to realize the..
Source: powerphilippines.com
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'Challenge accepted': NEA vows 100% sitio electrification by 2028
The Marcos administration vowed to attain 100-percent electrification in the country by 2028. “We are also as relentless in pursuing total electrification. Since my assumption into office, almost half a million homes have been given access to electricity. We will spare no effort to achieve full household electrification by the end…
Source: businessmirror.com.ph
Expert: 'Optimal rates' will make GEA more attractive
Regulators must come up with “the most optimal rates” to attract more bidders to the government’s green energy auction (GEA), according to an energy expert. “Ultimately, price is the most significant factor in endeavors like this (GEA), so it should be set at a level that is most optimal to…
Source: businessmirror.com.ph
DOE revisits factors behind low GEA turnout
SUPPLY limitation, low incentives, delay in the conduct of grid impact studies, and the cost of financial guarantees are some of the reasons for the low turnout of bidders in the recently concluded second round of Green Energy Auction (GEA), according to energy secretary Raphael Lotilla. “We are going to…
Source: businessmirror.com.ph
SunAsia, Blueleaf investing $1.7 billion for floating solar projects
SunAsia Energy Inc. and its partner, Singapore-headquartered Blueleaf Energy, plan to invest as much as $1.7 billion in the development of 1.3 gigawatt-peak floating solar projects in the country.
Source: philstar.com