Singapore-based Levanta Renewables has reached financial close on its 166-megawatt peak solar power plant paired with an 80-megawatt-hour battery energy storage system in Barotac Viejo, Iloilo, sealing the ₱6.215-billion co-financing deal with Philippine National Bank during an August 5, 2026 ceremony at Makati Shangri-La.
Stakeholders including the Philippine Nickel Industry Association (PNIA) and the Department of Finance (DOF) have voiced strong optimism over the transformative economic promise of Executive Order (EO) 122, signed by President Ferdinand Marcos Jr. to establish a national framework for critical minerals.
The Department of Energy (DOE) is confident the entire 400 megawatts (MW) of capacity on offer in the special waste-to-energy (WTE) round of the Green Energy Auction (GEA) will attract full investor interest, signaling strong market confidence in the country’s clean energy expansion.
The Philippines will align policies to attract more investments into critical minerals while encouraging higher-value processing and manufacturing, as the government seeks to capture a larger share of global mineral supply chains.
The Energy Regulatory Commission (ERC) on Monday (24 August 2026) clarified that Negros Electric and Power Corp. (NEPC) was operating well within its allowable system losses cap after being wrongly identified as noncompliant with the cap for private distribution utilities (DUs).