27 °C Singapore, SG
August 4, 2022
Latest News
Polestar CEO Wants to Build O2 Electric Roadster Joanne Khew shifts from Standard Chartered Bank to ESG role at Eastspring Investments HCM City eyes advanced waste-management technologies Transitions to efficient LED lighting can mitigate the energy crisis New biobattery: using bacterial interactions to generate power European passenger plugin car market is still expanding Air Canada takes off with sustainable aviation fuel from San Francisco BrightNight expands into Australia GE Awarded 9HA Gas Turbine Order to Deliver Approximately 2 Gigawatts of Electricity in Guangdong, China Taking Action: Energy-Related Climate Change Mitigation Policies in ASEAN Meralco floats a tender of 850 MW renewable energy capacity Genex starts construction at flagship pumped hydro storage project GM bets on fuel-cell as battery shortcomings hamper clean energy transition Masdar and Cosmo Energy to explore renewable initiatives in Japan El Salvador Eyes Major Renewables Push Under New Partnership with IRENA Iberdrola eyes 3.5GW offshore wind in Philippines BP and Maersk successfully carry out marine biofuel trials The Korean way towards green growth Exxon Following Blockbuster Video to Oblivion, Investment Exec Warns Getting real about the hydrogen economy Electrification to decarbonise Singapore’s energy system New method of scoring carbon emissions to power sustainable software GoodFuels and REG collaborate on marine biofuel development SP Group and Banpu NEXT partner on smart city solutions across Asia Pacific North Sea Oil Faces ‘Death Knell’ after Shell Quits Cambo Oilfield Three Studies Predict More Frequent, Devastating Storms as Temperatures Rise China Briefing, 2 December 2021: Quarterly emissions fall; Power shortages’ impact; China-Russia energy cooperation A renewable energy company in Thailand has electric vehicle dreams China Briefing, 18 November 2021: Xi-Biden meeting; Methane emissions; ‘Historic new high’ for coal Asian Youth Demand Real Climate Action

Meralco floats a tender of 850 MW renewable energy capacity

The Manila Electric Company (Meralco) has floated a tender to contract 850 MW of renewable energy-producing capacity. The power company is seeking proposals for approximately 600 MW of capacity to start providing power in February 2026, and another 250 MW to commence commercial operations in February 2027, as part of the procurement process.

The utility used a recent bid by Terra Solar, a joint venture between Prime Infrastructure Capital Inc and Solar Philippines Power Project Holdings Inc, as a benchmark for the bids, which proposed to build 2 GW of PV and 4 GWh of storage at a levelised cost of energy of $0.12 per kWh. A 20-year power purchase agreement will be granted to the winning bidders. Developers that are interested must submit their expressions of interest by February 2, 2022.

The Philippine government also intends to implement a Green Energy Tariff Program auction mechanism, with the goal of allocating 2 GW of renewable energy capacity. By 2030, the country intends to install 15 GW of clean energy. According to projections from the International Renewable Energy Agency, the Philippines had an installed PV capacity of 1.04GW at the end of 2020, fuelled by the country’s renewable energy law.


Leave a Reply

Your email address will not be published.