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News
MGEN recognised for leadership and innovation at the 2025 Asian Power Awards
1+ hour, 20+ min ago (1009+ words) The company was recognised for executive leadership, renewable energy expansion, and power plant innovation. One MGEN Executives at the 2025 Asian Power Awards. Seen on the photo (from L-R) are: MGEN Sustainability, Communications, and External Affairs Head Atty. Christer A. Gaudiano; MGEN…...
Record renewables, batteries push Australia's power prices to 5-year low
5+ hour, 15+ min ago (304+ words) Australia's wholesale electricity prices fell to their lowest June quarter level since 2020 as record renewable energy generation and expanding battery storage increased lower-cost power supply. According to the Australian Energy Market Operator's (AEMO) latest Quarterly Energy Dynamics report, Renewables supplied…...
Upfront costs keep Philippine households off rooftop solar
18+ hour, 54+ min ago (311+ words) Expanded financing options and tax parity could help convert strong household demand into installations. Financing remains the biggest obstacle to wider rooftop solar adoption in the Philippines, despite falling equipment costs and strong consumer demand. A Pulse Asia survey found…...
India ramps up energy storage push with Rs 4.78 lakh crore investment
23+ hour, 38+ min ago (410+ words) Targets 47.24 GW of BESS capacity by 2031-32. India is set to significantly expand its energy storage capacity, with projected investments of about Rs 4.78 lakh crore by 2031-32 to support renewable energy integration and grid stability, the government said. Under the National Electricity…...
Peak Energy signs 15-year solar deal with FCC in the Philippines
23+ hour, 48+ min ago (158+ words) Solar system to generate 1,500 MWh in its first year. Peak Energy has signed a 15-year onsite solar power agreement with F.C.C. Co., Ltd. for its manufacturing facility in the Philippines. Under the agreement, Peak Energy will design, finance, build, own and…...
Vena Energy secures $310m for 500MWp Philippine solar project
1+ day, 23+ hour ago (238+ words) Project will increase Pangasinan solar capacity to around 1GWp. Vena Energy has achieved financial close for the 500 MWp Ixus Bugallon Solar Power Project in Bugallon, Pangasinan, securing approximately $310m in senior debt financing from a syndicate of eight international banks. The project…...
Philippine power agenda targets cost and supply challenges
1+ day, 21+ hour ago (269+ words) DOE backs law changes, solar access, and new generation projects. The Philippines’ Department of Energy (DOE) has outlined its power sector priorities following President Ferdinand R. Marcos Jr.’s fifth State of the Nation Address, focusing on electricity affordability, energy…...
LNK Energy secures Phase 1 financing for Maharashtra solar facility
1+ day, 23+ hour ago (174+ words) Project to include cell, module, ingot and wafer production LNK Energy has achieved financial closure for Phase 1 of its 6 GW integrated solar manufacturing facility with the State Bank of India. The project will establish integrated manufacturing capabilities for solar cells,…...
China targets 3.5 billion kW of renewable power capacity by 2030
2+ day, 4+ hour ago (272+ words) Wind and solar capacity is expected to exceed 2.8 billion kW. China is targeting a total installed renewable power generation capacity of about 3.5 billion kilowatts (kW) by 2030, generating roughly 6 trillion kilowatt-hours annually, the government said. As part of the country’s 15th Five-Year…...
ACEN develops 948MW renewable energy hub in the Philippines
2+ day, 23+ hour ago (295+ words) Company also begins construction of 1,660MWh battery storage systems. ACEN is developing a 948MW renewable energy hub in Zambales, Philippines, comprising solar and battery storage projects. The portfolio includes the 585MW SanMar Solar project, which was built across more than 500 hectares of previously…...