PNOC, WindStream partner to deploy hybrid wind-solar RE solutions in Philippines
The Philippine National Oil Co. (PNOC) has partnered with India’s WindStream Energy Technologies to deploy hybrid wind-solar RE solutions in remote, off-grid areas of the Philippines.
ACEN, BrightNight to develop 1 GW of renewables in Philippines
ACEN, an energy company in the Philippines, has agreed to help US-based BrightNight to develop its 1 GW renewable power portfolio in the Philippines.
Southeast Asia solar markets set for growth this year
New PV capacity additions in Southeast Asia are expected to bounce back this year for the first time since 2020, according to the Asian Photovoltaic Industry Association. The market is expected to grow by 13% in 2023, for 3.8 GW of new installations.
BrightNight partners with ACEN to develop over 1.2 GW hybrid renewable energy projects in India
ACEN Corp., the renewable energy arm of Filipino conglomerate Ayala Corp., will deploy $250 million equity plus related performance guarantees to support US-based BrightNight’s existing hybrid renewable energy portfolio and future growth in India.
Philippines’ largest battery comes online at 120MW solar park
The 40MW/60MWh Alaminos Energy Storage system is now connected to the 120MW Alaminos solar park. Both facilities were built by renewable energy developer AC Energy.
AC Energy and UPC Renewables start work on their largest solar project in India
Philippines-based AC Energy and Hong Kong-headquartered UPC Renewables’ solar energy arm are jointly building a 300 MWac (420 MWp) solar farm in Madhya Pradesh. The plant, when completed, will be the joint venture’s third and largest solar project in India to date.
Transmission system expansion, digitalization critical to Southeast Asia’s grid modernization
To achieve its sustainability targets, Southeast Asia will require integrated strategy and execution across generation, transmission, and distribution, as well as planning that balances both capital and operational expenditures. The regional power industry will need partners who can merge data analytics with engineering expertise to deliver timely and actionable insights that realize the full potential of assets and facilities.
AC Energy, UPC Solar JV raises funding to develop 100 MW Rajasthan project
UPC-AC Energy Solar has closed a debt-to-equity financing deal with the US International Development Finance Corporation (DFC) to develop a 100 MW PV project in Rajasthan.
The long read: ASEAN’s looming renewables revolution
Southeast Asia, when taken as a whole, is a global laggard in the uptake of renewable energy, but some countries are leading the way, such as Vietnam, the Philippines, and Myanmar. And as ‘Angry Clean Energy Guy’ Assaad W. Razzouk argues, policymakers in the region cannot hold back the tide of solar and wind for much longer.
IRENA presents $2tn plan to drive 5.5m renewables jobs by 2023
Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.
