The Philippines’ Department of Energy has confirmed the list of companies that will build new renewable energy projects under the third round of the Green Energy Auction, or GEA-3. These bidders sent written acceptance to show they agree to carry out their projects. One company is Pan Pacific Renewable Power Philippines Corporation. Pan Pacific will build three new hydroelectric power plants. Two of these are called impounding hydro plants. One is the Gened 1 project, which will have a capacity of 150 megawatts. The second is Gened 2, also with a capacity of 150 megawatts. The third project is the…
Author: Lakshita Kapoor
Deep Wind Offshore has announced that it has received its first Electricity Business License for an offshore wind project in South Korea. This license covers the Admiral Lee Offshore Wind Project. The project has a planned capacity of 345 megawatts. It is located off the coast of Yeosu, Jeollanam-do. The license allows Deep Wind Offshore to start the next steps. These include an Environmental Impact Assessment and an Implementation Plan Approval. The project is planned in partnership with Korea Hydro & Nuclear Power. This company is South Korea’s biggest power producer. The partners signed an agreement for this project in…
Indonesia will soon start building a large battery integration project. The plan is backed by Contemporary Amperex Technology Co., Limited. In an official statement, the company said that its unit, Guangdong Brunp Recycling Technology Co., Ltd., will work with partners through Ningbo Contemporary Brunp Lygend Co., Ltd. The project site is in Karawang, West Java Province. It will cover more than 2,000 hectares across different sites. It combines nickel mining, battery materials production, battery manufacturing, and battery recycling. Nickel mining and processing will take place at the FHT Industrial Park in East Halmahera, North Maluku Province. The battery manufacturing will…
A new solar power plant is now running in Yamaguchi Prefecture, Japan. The developer is Spain-based X-ELIO. The solar plant is called the Funaki solar facility. It is built on land that used to be a golf course in the city of Ube. The plant has an installed capacity of 14 megawatts. Each year, it is expected to produce about 17,245 megawatt-hours of electricity. The electricity will be sold through a 20-year power purchase deal with Amazon. X-ELIO says this new solar plant adds to its other projects in Japan. So far, the company has built about 393 megawatts of…
Citicore Renewable Energy Corporation (CREC) has shared new details about its plans to build more wind energy in the Philippines. In an official filing, the company said that its wind unit, Citicore Wind Energy Corporation, will set up an 80-megawatt wind power project in Pangasinan. The wind project will be carried out by Citicore Wind Pangasinan 2 Inc., a direct subsidiary of the wind unit. According to the announcement, the wind farm will cost about $170.48 million, or roughly PHP 9.6 billion. It is planned to be ready by the first quarter of 2028. CREC has been adding new renewable…
Electric Power Development Co., Ltd. (J-POWER) and Nittetsu Mining Co., Ltd. have started a new company to study geothermal power. The new company is called Shiramizugoe Geothermal Co., Ltd. It is based in Kirishima City, Kagoshima Prefecture in Japan. Nittetsu Mining owns 51 percent and J-POWER owns 49 percent. They plan to use about $139,000 (20 million yen) for the first phase. The two companies will do new studies in the Shiramizugoe area. They want to see if it is possible to build a geothermal power plant there. If they build it, the plant could produce about 15,000 kilowatts. Nittetsu…
Electric Power Development Co., Ltd., known as J-POWER, has joined Spain’s ESTEYCO SA in testing new floating offshore wind technology. The project is called WHEEL. It will take place off the coast of Gran Canaria. J-POWER announced this in an official statement. The demonstration will use one floating wind turbine. It will have a capacity of 6,170 kilowatts. ESTEYCO developed the floating base called WHEEL. The aim is to test how the foundation works in real sea conditions. J-POWER said this project will help them learn more about building, assembling, placing, and running floating offshore wind power. This experience could…
Japanese retailer Ryohin Keikaku, the company behind the Muji brand, will partner with energy company JERA to launch a new solar power business. The two companies plan to establish a joint venture called Muji Energy LLC in September 2025. Muji Energy will focus on developing solar power projects in Japan. The first goal is to reach a generation capacity of about 13 megawatts (MW) within the first year of its operation. Ryohin Keikaku will own 80% of Muji Energy. JERA will hold the remaining 20%. JERA Cross, a JERA subsidiary, will collect the electricity and related environmental value from the…
The World Bank has approved $101 million for Kyrgyzstan. This is for a program called the First Sustainable and Inclusive Growth Development Policy Operation. The funding will support reforms in three main areas. These are the energy sector, social services, and the economy. The money comes from the International Development Association. This is the World Bank’s lending branch for low-income countries. The package includes two parts, $68 million as zero-interest credit with 50 years to repay, and $33 million as a loan with a 12-year repayment period and a 6-year grace period. In the energy sector, the funds will be…
Rizal Green Energy Corporation (RGEC) has secured a loan to support a solar power project in the Philippines. The project will be located in the province of Nueva Ecija. The loan totals PHP 498 million. It was arranged through RGEC’s subsidiary, San Jose Green Energy Corporation (SJGEC). The financing comes from Rizal Commercial Banking Corporation. This was announced by PetroGreen Energy Corporation, one of the joint owners of RGEC. The other owner is Japan’s Taisei Corporation. The project will build a solar photovoltaic (PV) plant with a total installed capacity of 19.6 megawatts direct current (MWdc). The solar park is…