Citicore Renewable Energy Corporation (CREC) has signed a ₱3.975-billion project finance loan agreement with the Bank of the Philippine Islands (BPI). This loan will be used specifically to finish building CREC’s 113-MWp Citicore Solar Pangasinan 2 project, which is located in Binalonan, Pangasinan. Because it is project finance, the loan is secured by the project itself, and repayment will come from the solar plant’s future revenues. BPI Capital Corporation is the sole lead arranger of the transaction. The signing event held on 03 December 2025 was led by CREC Chairman Edgar Saavedra, CREC President and CEO Oliver Tan, CREC Chief…
Author: vasundhara
East Timor plans to start construction of a 72 MW solar PV plant, together with a 36-MW battery energy storage system in 2026 of its first large solar-power plant. The project will be built in the municipality of Manatuto. The solar plant and storage system will be developed jointly by Itochu Corp of Japan and Électricité de France (EDF) of France. Power generated will be supplied to the national utility Electricidade de Timor-Leste (EDTL) under a 25-year agreement. East Timor Climate East Timor (Timor-Leste) has a world-class solar resource due to its tropical climate, receiving a high amount of sun…
The EMA (Energy Market Authority) says Singapore plans to import 1 (GW) of low-carbon electricity from Cambodia. Most of Cambodia’s clean energy comes from solar farms and hydropower. This cross-border deal is being regarded as a “key building block” for the APG (ASEAN Power Grid), helping diversify away from fossil fuels and strengthening regional renewable-energy cooperation. “The APG will strengthen our region’s energy security, renewable energy development, and economic growth, while diversifying energy sources away from fossil fuels.” according to the spokesperson of EMA Singapore. According to other recent reporting, the shift of Cambodia’s energy mix has already resulted in…
B.Grimm Power has successfully commenced commercial operations of its 65 MWp (50.1 MWac/ Megawatt Alternating Current) solar project on Negros Island in Bacolod City, marking a key milestone in the company’s expansion in the Philippine renewable-energy market. The plant achieved its Commercial Operation Date (COD) on 5 December 2025, following the issuance of the required grid-connection certification — a major regulatory hurdle for large-scale solar assets in the country. With COD secured, the project will initially supply electricity to the Philippines’ Wholesale Electricity Spot Market (WESM), where power is traded at market-driven prices. This spot-market period will continue until…
Constant Energy has signed an agreement with Tongwei Solar, a solar PV module manufacturer, to supply solar modules across Southeast Asia. This partnership can strengthen its partnership with Chinese manufacturers and expand its presence in the region. With this partnership, Constant Energy becomes Tongwei Solar’s first major client in Southeast Asia to procure solar panels at significant volume. With this partnership, Constant Energy becomes Tongwei Solar’s first major client in Southeast Asia to procure solar panels at significant volume. Under this agreement, Constant Energy secured the 52 MW solar farm in Malaysia, under the fifth Large Scale Solar (LSS) program…
MK Land has taken a major step in Malaysia’s clean energy push by awarding a RM142.3 million EPCC (Engineering, Procurement, Construction and Commissioning) contract to Solarvest to build a 29.99MW large-scale solar plant in Kedah. Solarvest will develop the project in Mukim Padang, Meha, Kulim, under the Corporate Green Power Programme (CGPP), Malaysia’s scheme that lets companies directly source renewable power from solar producers. Solarvest & M K Land Holdings Solarvest, a Malaysian solar solutions provider with over 3,200 MW in renewable energy projects, secured an EPCC contract from MK Land Holdings’ subsidiary Citra Energies—a joint venture between Solar Citra…
Actis’ pan-Southeast Asia platform Levanta Renewables has signed an agreement with Triconti Windkraft Group to jointly develop the Atimonan Onshore Wind Project of around 100 MW in Quezon Province of Luzon in Philippines. Why this matters for Philippines The project was granted under the GEA-4 (Government Energy Auction 4), expected to be commercialized operation by 2028, which marks a deeper push into Philippines wind-energy space for Levanta. The partnership with a regional heavyweight adds credibility, technical resources and financial backing for Triconti and increases the chances of timely and high-quality project delivery. Once operational, the wind farm is anticipated to…