Solar Philippines Is Preparing Over 3000 Hectares Of Land For Solar Projects
After securing off-take agreements for its projects in 2022, Solar Philippines is preparing over 3000 hectares in Nueva Ecija and Bulacan for industrial land conversion in 2023. SP New Energy Corporation (SPNEC) has already fully secured the majority of its target lands. Documentation is now ongoing to complete its acquisitions, in parallel to the submissions of the already fully secured lands for conversion to industrial use. SPNEC aims to complete the submissions of these lands for conversion by the end of Q1 2023 and convert over 3000 hectares to industrial use by the end of Q4 2023.
ACEN Expects 700 MW Of Renewable Energy In 2023 In The Philippines
ACEN Corporation expects at least 700 megawatts of its solar and wind projects to begin operations in 2023. Eric T. Francia (CEO and president of ACEN) stated that “ACEN is currently building more than 1,000 MW of wind and solar projects in the Philippines and 700 MW is anticipated to begin operations in the next twelve months.” Francia stated that the facilities would reduce supply pressure and help the country meet its renewable energy targets. The Philippines aims to increase its renewable energy share to 35% in 2030 and to 50% in 2040.
EDPR Sunseap Supports Taiwan’s Energy Transition By Installing Solar Panels At 56 Schools In 2022
EDPR Sunseap, the Asia Pacific platform of EDP Renewables, has started supplying electricity commercially from solar installations at 56 schools in Taiwan for 2022, supporting the island’s transition to clean and renewable energy. The installations have a total capacity of 15 Megawatts-peak (MWp), sufficient to supply approximately 4,440 Taiwanese households annually while offsetting 9,196 metric tonnes of carbon emissions. The energy produced from these solar installations is distributed through Taiwan’s National Grid. About 70% of these solar installations are in Yunlin County, a region known for its agricultural products. In one of the projects, EDPR Sunseap installed solar panels on the top-level bleachers surrounding a sports field – taking advantage of existing, elevated spaces that have been underutilized.
PRIME Affirms 5-Year Target Of Renewable Energy Capacity To Reach 1,800 MW In Asia
Mr. Somprasong Panjalak, the Chief Executive Officer of Prime Road Power Public Company Limited, a leading renewable energy developer in Thailand, shared the company’s plans to achieve 800 MW of installed capacity by 2024 during its SET Opportunity Day presentation held on 16 December 2022. The 800 MW represents a 3-time increase from its existing capacity of 300.7 MW. Mr. Somprasong also outlined PRIME’s 5-year target to increase its installed electricity production capacity to 1,800 MW by 2027. The plan includes the development of solar and other types of renewable energy power plants in Asia.
NEFIN To Collaborate On An Industrial Rooftop Solar Panel System For NI’s Bayan Lepas Malaysia Site
NEFIN is positioned as a leading green Independent Power Producer, offering customized solar energy systems for land and business owners, as well as, providing comprehensive carbon-neutral solutions to multinational corporations across industries. With the exponential growth of technology industries, NEFIN has signed on a project with multinational automated test equipment and virtual instrumentation software provider NI to bolster their progress towards the 2030 Corporate Impact Strategy. Their strategy involves designing their buildings to adhere to LEED (Leadership in Energy and Environmental Design) and WELL standards.
Vivant Corporation’s Subsidiary To Acquire A Solar Power Plant Of 22 MWp Capacity In The Philippines
Vivant Corporation through its wholly-owned subsidiary, Vivant Energy Corporation, has signed a Share Sale and Purchase Agreement with Cleantech Global Renewables Inc. to acquire 1,250,004 shares of the latter in San Ildefonso Alternative Energy Corp. (SIAEC), the project company for the solar plant project. Vivant Energy also signed a Subscription Agreement for the 3,749,996 unissued shares of SIAEC. TFC Capital (Philippines), Inc. served as the transaction adviser of Cleantech. The transaction is a strategic investment to increase Vivant’s footprint in the renewable energy industry. San Ildefonso Alternative Energy Corp. is the project company for the 22MWp Solar Photovoltaic Plant in San Ildefonso, Bulacan, Philippines.
