This round eyes new capacity from solar and onshore wind projects. The Philippines has released the terms of reference (TOR) for the fourth round of the Green Energy
The financing, provided by the Bank of the Philippine Islands (BPI), China Banking Corporation (Chinabank), and Banco de Oro Unibank, Inc. (BDO), will support the development of the 16-megawatt (MW) Magat BESS
The Energy Regulatory Commission (ERC) has released draft reserve prices for the fourth round of the Green Energy Auction Program (GEAP), marking the first time that solar
Recently, Peak Power conducted an energy storage finance webinar that focused on strategies available for financing battery storage system projects. The webinar aimed to provide valuable insights into financing options
Meralco PowerGen Corporation (MGEN), through its subsidiary Terra Solar Philippines Inc. (MTerra Solar), has sealed a PHP 150 billion financing agreement with six of
PHILIPPINES is actively taking steps for clean energy development through multiple projects annouced across solar, wind, hydrogen and energy transmission; which is
The groundbreaking Sustainable Energy Finance (SEF) Program is the first of its kind in the Philippines and is paving the way for more private financial sector investment in sustainable energy projects. These projects are reducing
The Philippines government has given a ''green lane certificate'' for a solar and storage project slated as the largest in the world.
Construction for SNAP''s BESS projects is set to begin in the first half of 2025, with commercial operations targeted for the first half of 2026. The Bank of the Philippine
This study aims to analyze barriers to clean energy financing with a focus on utility-scale solar and wind energy projects in select countries of Asia, namely Indonesia, Malaysia, Thailand, The
Investors collectively rank utility-scale solar, energy storage, and commercial solar as the top three most atractive clean energy sectors for investment over 2023-2026.
Successful developers will get 20-year supply contracts with the government for projects in Luzon, Visayas and Mindanao, with commercial operation dates in 2026, 2027, 2028 and 2029.
Meralco PowerGen Corp. (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), has formally closed a record P150-billion syndicated loan to finance the world''s largest integrated solar and battery
We also have long and deep experience in providing power modelling services to project spot WESM market prices. Furthermore, we have been engaged to do high profile projects to help shape the regulatory and investment landscape in
Construction of SNAP''s BESS projects is set to begin in the first half of 2025, with commercial operations targeted for the first half of 2026. The Bank of the Philippine Islands (BPI) and China Banking Corp. will finance the
In line with its commitment to sustainable development, BDO Unibank, Inc. (BDO) supports the financing of MTerra Solar, the world''s largest integrated solar and battery
Despite the additional capital expenditure required for batteries, BNEF expects a solar-plus-four-hour battery-based energy storage project to become cost-competitive compared to a new gas
Structuring options for financing energy storage projects: Partnership flip Traditional Tax Equity: Partnership flip Structuring options for financing energy storage: Sale
Construction for SNAP''s BESS projects is set to begin in the first half of 2025, with commercial operations targeted for the first half of 2026. The Bank of the Philippine Islands (BPI) and China Banking Corporation will
Financing options for systems with or without energy storage solutions Solaren''s ability to structure loans for both commercial and residential projects ensures access to
Both projects are expected to be completed by 2026. The contracts for engineering, procurement, and construction of these storage units have been awarded to GEDI China Energy, a subsidiary of China Energy
Solar & Storage Live Philippines showcases innovative, market leading solutions for Commercial & Industrial solar projects, large scale utility projects, residential projects, small scale
Together, the Magat BESS Phase 2 and the Binga BESS represent key milestones in SNAP''s ongoing efforts to expand its energy storage capacity. In addition to breaking ground on the Magat BESS Phase 2, SNAP
Structuring options for financing energy storage projects: Partnership flip Traditional Tax Equity: Partnership flip Structuring options for financing energy storage: Sale-leaseback Structuring options for financing
A large-scale solar and battery energy storage project in the Philippines is moving forward faster than expected, with 54% of the first phase completed just eight months
1. There are several financing avenues for commercial energy storage systems, including loans, leases, and Power Purchase Agreements (PPAs), among others. 2.
In line with its commitment to sustainable development, BDO Unibank, Inc. (BDO) supports the financing of MTerra Solar, the world''s largest integrated solar and battery
Building the future of clean energy. Workers install solar panels to provide stable and sustainable power supply to millions of households. In line with its commitment to
Pasig City, Philippines — 22 April 2025 — Meralco PowerGen Corporation (MGEN), through its affiliate Terra Solar Philippines Inc. (MTerra Solar), has closed the Philippines'' largest syndicated loan at ₱150 billion to
Both the US and global energy storage markets have experienced rapid growth over the last year and are expected to continue expanding. An estimated 650 gigawatts (GW) (or 1,877 gigawatt-hours) of new
Foreword As part of the U.S. Department of Energy''s (DOE''s) Energy Storage Grand Challenge (ESGC), DOE intends to synthesize and disseminate best-available energy storage data,
Successful developers will get 20-year supply contracts with the government for projects in Luzon, Visayas and Mindanao, with commercial operation dates in 2026, 2027, 2028 and 2029.
Philippines government''s Board of Investments (BOI) has issued a ''green lane'' endorsement certificate to Terra Solar Philippines, Inc. (TSPI) for its ''Terra Solar'' energy
Proposal Understanding The Massachusetts Department of Energy Resources ("DOER") seeks a firm that can deliver LTCs for mid-duration Energy Storage Projects. Our proposal
Last year, the central bank of the Philippines, the Bangko Sentral ng Pilipinas (BSP), proposed the introduction of new incentives to encourage sustainable and green project financing in the country. However, legislation needs to be passed establishing specific banking guidelines, criteria and benchmarks for renewable energy project financing.
The Philippines in July 2024 unveiled its long-term power plan known as the Philippines Energy Plan (PEP) 2023-2050, outlining annual capacity additions by technology. The PEP includes three scenarios: the Reference Scenario (REF), Clean Energy Scenario (CES) 1 and CES 2. All three scenarios lay out energy transition paths for the power sector.
Battery capacity is at least 20% of the solar project capacity. Ground-mounted solar includes 42 megawatts of rooftop solar. In addition, the Philippines can accelerate the deployment of small-scale standalone batteries and rooftop solar-with-storage by residences and businesses. This can be done initially through subsidies and rebates.
From 2021 to 2023, local banks financed USD 1.2 billion for gas projects, up from only USD 296.5 million in funding from 2009 to 2020. Gas financing will likely escalate with both local and international banks keen to enter the sector, since the Philippines is building a major LNG import terminal and gas-to-power project.
As the Philippines is committed to reaching 35% of renewables in its generation mix by 2030 and 50% by 2040, energy storage systems will be needed to address the intermittency of renewables like solar and wind.
Therefore, increasing the role of renewables in the generation mix can reduce the Philippines’ reliance on imported fuels and boost its energy security. Even for solar, wind and hydro power where imported equipment may be needed, the reliance on external supply will be largely limited to the construction phase.
