ACEN Corp., the energy firm under the Ayala Group, has secured a P5-billion loan from Metropolitan Bank & Trust Co. to further expand its renewable energy portfolio. As per reports, the proceeds will be used for general corporate purposes, including but not limited to capital expenditures for RE (renewable energy) projects of the ACEN Group. ACEN did not disclose any further details about the loan but noted that it was part of its procurement of P32 billion in loans to fund renewable energy development plans. In March, ACEN said that its board had approved the procurement of additional credit facilities…
Author: Saur News Desk
Vena Energy, Vivant Energy and Aboitiz Renewables have joined hands to develop and operate the 206 megawatts (MW) San Isidro Wind Project in Central Philippines. In its statement, Vena Energy said the Sonshore, an Isidro Wind Project will be one of the largest onshore wind projects in the country. It comprises 33 wind turbines with 6.25 MW each. The project is located in Northern Samar in the Visayas region. The project is expected to reach a financial close and start construction in the fourth quarter of 2023 and benign commercial operation in the first quarter of 2025. “Vena Energy is excited…
BayWa r.e. Solar Trade, the solar trading arm of BayWa group has launched the sale of Electric Vehicle (EV) chargers in partnership with Huawei in Thailand at the ASEAN Sustainable Energy Week 2023. As per the statement, BayWa r.e. and Huawei unveiled the EV Chargers at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, officiated by Junrhey Castro, Managing Director of Solar Trade in Southeast Asia, and Nitinan Pooltananan, Business Development Manager at Huawei Digital Power Thailand. Junrhey Castro, Director of Solar Trade in SEA, said, “As a recognised leading Solar Trade Business, we are thrilled to be working together…
Indonesia is looking to build its clean energy capacity and infrastructure projects with the help of China. Indonesia will seek help from China during the upcoming Belt and Road Forum in Beijing. As per the Cabinet Minister, President Joko Widodo will attend the meeting. As per reports, acting Chief Investment Minister Erick Thohir said that any partnership with China would parallel the Just Energy Transition Partnership (JETP) – a $20 billion deal Indonesia has with a U.S.-led group of countries to help decarbonise its energy sector. “China has made great strides in renewable energy development and has massive hydropower. So,…
Located in the Philippines, Panpacific University, together with renewable energy firm WEnergy Power Pilipinas Inc., has unveiled a set of 99 solar panels at the University premises. Dr. Engelbert Pasag, the Chief Operations Officer of Panpacific University, explicated to the audience the advantages that the installation of solar panels offers. He said that such an intitiative will not only curb electricity bills at the university, but also impart knowledge to students about sustainable practices. The launch also saw the presence of Quintin Pastrana, the President of WEnergy Power Pilipinas Inc., He added that the solar panels can produce up to…
Japanese energy firm JERA has signed a pact with major power utility firm Vietnam Electricity (EVN) to jointly craft a decarbonisation roadmap for EVN. As per the agreement, the two parties will impart data and support discussions about the decarbonisation of Vietnam’s power sector, JERA said in a statement. Through the MoU, JERA will particularly focus on prioritising the thermal power sector, introducing ammonia and hydrogen to EVN thermal plants, and achieving zero carbon dioxide emissions on domestic and overseas operations. It may be noted that EVN is the major producer of electricity in Vietnam, operating 40% of the country’s…
An ambitious solar power project will soon be constructed at (BPSU ) Bataan Peninsula State University by Philko 18 Group of Companies Inc., in collaboration with BPSU and the Philippine National Oil Company (PNOC). The project, to be built at BPSU, aims to streamline the energy consumption of BPSU by harnessing the abundant solar resources in the region. As per reports, the construction phase for the solar power project is estimated to be six months for the solar panels and one year for the solar farm. The solar rooftop will produce an estimated 675 kilowatts of power, while the solar…
Civil Aviation Authority has signed a memorandum of cooperation with OQ Group and SkyNRG, a sustainable aviation fuel solutions leader based in the Netherlands, aimed at studying the development of a sustainable aviation fuel (SAF) production facility in Oman. As per the pact, the trio will leverage global expertise to set the core prerequisites of setting up an innovative facility focusing on the research of cutting-edge technologies that drive the production of SAF. The agreement was signed by Naif bin Ali al Abri, Chairman of Civil Aviation Authority; Ghaleb bin Saeed al Maamari, Vice-President of Alternative Energy at OQ Group; and Oskar Meijerink,…
Indonesia will be getting support from Netherlands as it encourages co-operation in solar and wind energy sector to accelerate the transition to renewable energy in Indonesia and address global climate change. This was disclosed by the climate envoy of the Netherlands, Prince Jaime de Bourbon de Parme, at the Renewable Energy and Climate Summit Indonesia-the Netherlands, which is being held in Jakarta from 9-13 October 2023. He said, “These, globally, are the most cost-effective ways to have renewable energy and to combat climate change.” “One of the collaborations carried out between Indonesia and the Netherlands to encourage the energy transition…
China Energy International Engineering Co. (CEEC) Ltd. and ISOC Energy of the Philippines has signed an agreement for the construction of a 1GW (gigawatt) floating solar project on Laguna Lake. The project is expected to boost up energy growth and help the Philippines transition to a green energy system. The scope of work includes the design, procurement, construction, testing and commissioning of a 1GW floating solar power plant in the country’s largest lake. It may be noted that in line with President Ferdinand R. Marcos Jr.’s commitment to renewable energy, the Philippines aims to achieve a 35 per cent share…