The Green Energy Auction Bids Evaluation and Awards Committee (GEA-BEAC) of the Philippines' Department of Energy (DOE) has published a list of 19 winners of a recent auction to allocate 2 GW of renewable energy capacity. The GEA-BEAC launched the auction in January. It had previously pre-selected 24 bidders for the procurement exercise's final phase. Overall, it allocated 1,966.4 MW of renewables in the procurement exercise. About 119.1 MW of the total was hydropower, 1.490.3 GW was large-scale solar, 374 MW was wind power, and 3.4 MW was biomass. “The winning bidders were ranked based on their offers from the lowest to the highest bid price and stacked corresponding to the respective renewable energy technology per grid,” it said, without providing additional details. Source--https://www.pv-magazine.com/2022/06/27/philippines-allocates-1-57-gw-of-solar-in-2-gw-renewables-auction/
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Philippines-based Prime Infrastructure Holdings has unveiled plans to construct a massive solar farm and energy storage project featuring up to 3.5 GW of PV backed by up to 4.5 GWh of battery energy storage in the Southeast Asian nation.
he project will be undertaken by Terra Solar, a joint venture between Razon’s Prime Infra and PV module manufacturer and project developer Solar Philippines. Manila-based Solar Philippines is the nation’s largest solar company with an estimated 400 MW of operation projects and multi-megawatt pipeline projects under construction, including a 500 MW solar farm being built in the province of Nueva Ecija, about 100 kilometers north of Manila. It also partnered with Prime Infra to develop a 150 MW solar farm in Tarlac, about 70 km west of Nueva Ecija. No details about the cost or location of the new solar farm were provided, with Solar Philippines saying only that it would look to identify potential sites for the project on the island of Luzon. Prime Infra chief executive officer Guillaume Lucci described the project as “a model of dependable renewable energy”, saying it would be transformational for the nation’s renewable energy landscape. Source: https://www.pv-magazine.com/2022/06/10/prime-infra-plans-massive-3-5-gw-4-5-gwh-solar-plus-storage-project-in-the-philippines/ Despite not quite hitting the numbers anticipated, the US energy storage market set a new record in the fourth quarter of 2021, with new system installations totaling 4,727MWh, according to Wood Mackenzie and the American Clean Power Association’s (ACP) latest US Energy Storage Monitor report, released today. And it could have been so much more. Due to supply chain challenges, over 2GW of grid-scale capacity originally slated to come online in Q4 2021 were delayed to 2022 and 2023. Residential storage had its strongest quarter to date with 123MW installed, (the previous quarterly record was 110MW in Q1 2021). Despite limited battery supply, the segment still managed to grow 85% between 2020 and 2021 in MWh terms, and this is in part due to solar-plus-storage sales in markets outside of California. The national annual total of installed residential energy storage amounted to 436MW. By 2026, annual installations in the residential segment are expected to hit 2GW / 5.4GWh, with California, Puerto Rico, Texas, and Florida leading the way. The residential forecast assumes that the NEM 3.0 proposed decision in California will go into effect as written, although WoodMac analysts said that this is not a certain outcome. If it does not, the forecast would be reduced ~5% annually from 2023. Source : https://www.pv-magazine.com/2022/03/25/energy-storage-installations-set-new-records-in-the-u-s-despite-supply-chain-issues/ The stock market float planned by Filipino developer Solar Philippines to get its 500 MW Peñaranda solar project off the ground could raise up to PHP2.7 billion ($54.1 million), the company has announced.
With Solar Philippines having announced, earlier this month, it plans an initial public offering (IPO) of the project company associated with the PV park, an update published by the developer on Saturday stated the first PHP1.3 billion ($26.1 million) raised by the exercise will be used to raise a quarter of the investment needed to install the first, 225 MW phase of the development. With that first phase, therefore, set to cost around PHP5.2 billion, Solar Philippines told pv magazine an initial 50 MW of generation capacity will be installed on the former ranch land in the province of Nueva Ecija, before the borrowings of around PHP3.9 billion are drawn down. The developer on Saturday said any IPO proceeds above PHP1.3 billion would be spent acquiring land with the eventual aim of expanding the project size beyond 500 MW. Solar Philippines at the weekend stuck to its previously stated target of aiming to begin construction this year. Having said, a fortnight ago, it intended to have an unspecified volume of solar capacity operational next year, that reference may have been to the first 50 MW of panels. The company had previously spoken of plans for an initial 225 MW phase, to be expanded with “further financing” to 500 MW and then “even beyond this capacity.” Source: https://www.pv-magazine.com/2021/11/15/planned-54m-float-could-drive-first-50-mw-of-philippines-mega-solar-project/
The facility in Peñaranda, for which PHP 20,461,286 ($411,940) was invested, will cover 228.9 hectares and have 114 farmer-beneficiaries. The NIA explained that, although solar pumps have higher upfront costs compared to conventional water pumps based on fossil fuels, the new facilities will be almost maintenance-free and will work for more than 25 years.
Source : https://www.pv-magazine.com/2021/08/03/bringing-water-to-273-farmers-with-just-90-kw-of-solar-pumps/
“Greenergy Solar, whose slogan is ‘Hire the Sun,’ has certainly come a long way,” Donggay said in a statement.
Greenergy Development Corporation, the parent company of Greenergy Solar, turns 13 years old and has been harnessing the power of the sun as a source of energy. Four years after its first commercial solar installation, the company’s installed capacity is now close to triple the installed capacity of the 1 MW on-grid photovoltaic solar power plant of the Cagayan Power and Electric Company (Cepalco) in Barangay Indahag here, in 2004. The facility was then the largest on-grid solar power farm in the whole of Southeast Asia. The venture had its ups and downs when it began its operations as many thought that Greenergy Solar was in for an uphill journey when it branded itself as the company that would be “building the clean energy future of Mindanao and the Philippines”. Source : https://www.pna.gov.ph/articles/1147627
“The Gigasol project is another step toward AC Energy’s goal of reaching 5,000 MW of renewable energy capacity by 2025,” said Anabele Natividad, Vice President of Development for AC Energy. “The project started just prior to the pandemic. While this added some complexity to the project, we had a great team; Modern Energy was instrumental to the success of this project in the design and construction phases to bring us into operations.”
Overall, AC Energy plans to install half of its 5 GW renewable energy capacity goal in the Philippines. The remaining capacity will be rolled out in other, unidentified, Southeast Asian countries. To date, the company says it has installed over 1.2 GW worth of projects in the Philippines. Source : https://www.pv-magazine.com/2021/07/08/63-mw-solar-project-completed-in-philippines-as-part-of-5-gw-renewables-plan/
That was just one of the headline-grabbing insights in a 1H 2021 LCOE Update which posited the carbon price in China will rise to around $50 per ton in mid century; stated solar became cheaper than coal in Vietnam and Thailand in the first half of the year; that receding solar panel glass costs are mitigating a rising polysilicon price; and cited rapid solar wafer manufacturing build-out as the main cause of the rampant poly price, rather than more high-profile events such as factory explosions.
Source : https://www.pv-magazine.com/2021/06/28/new-renewables-cheaper-than-legacy-coal-or-gas-for-almost-half-the-worlds-population/
Cebu:
SMCGPH’s battery-based energy storage portfolio is the largest such procurement to date in Southeast Asia and will provide critical grid stability services for power grids across the Philippines, including managing frequency and voltage and supplying reactive power.
SMCGPH’s broad portfolio procurement builds on its work with the Fluence team to successfully deploy the region’s first battery energy storage system, a 10 MW / 10 MWh system sited at the Masinloc Power Plant in Zambales. The project served as both a proof of concept and a template for the development of subsequent SMCGPH energy storage assets across the Philippine grid. Source : https://www.pv-magazine.com/press-releases/fluence-commissions-first-wave-of-470-mw-grid-scale-battery-portfolio-for-smc-global-power-in-the-philippines/ |
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