The renewable energy (RE) industry on Sunday expressed optimism the government will allow the price at which solar energy from floating facilities is sold under the Green Energy Auction Reserve (GEAR) program to reflect market conditions.
Renewable energy firm Berde Renewables is solidifying its commitment to widen sustainable energy solutions in the Philippines with its partnership with Northern Luzon retail giant Magic Group of Companies. The collaboration marks a step toward advancing renewable energy adoption in the region, beginning with the installation of a 729-kilowatt peak (kWp) solar power system at Magic Mall San Carlos.
Manila Electric Co. subsidiary Meralco Industrial Engineering Services Corp. (MIESCOR) has been tapped to design and construct the critical infrastructure that will connect the Terra Solar project to the Luzon grid.
The Department of Energy (DOE) expressed optimism on Wednesday of commercially operating nuclear power plants by 2032, initially generating at least 1,200 megawatts and gradually increasing to 4,800 MW by 2050.