Meralco

Singapore's Vena Energy as well as the green energy arm of Philippine power generator Meralco PowerGen Corp (MGEN) have formally released the construction of a 68-MW solar park in the Philippines' Ilocos Norte province.

Philippine electrical power representative Manila Electric Company (PSE: MER), better referred to as Meralco, said today it has launched an affordable selection process for third-party bids challenging an existing 24/7 power supply proposal from a Solar Philippines unit.

An infrastructure company possessed by billionaire Enrique Razon is preparing to construct a solar-plus-storage plant in the Philippines that will feature 2.5-- 3.5 GW of PV.

As international initiatives to include the coronavirus step up, the condition remains to influence the solar sector, with a subsidiary of significant Filipino utility Meralco introducing that the appointing of 135MW of solar projects has actually been postponed as a result of the infection break out.

Manila Electric Co.’s (Meralco) power generation arm is looking into a possible 110-megawatt floating solar facility on Laguna de Bay as part of its renewable energy thrust.

Philippines utility Meralco has sunk PHP424 million (US$8.2 million) of equity funding into its renewables subsidiary, MGreen, to support 210MW of solar projects.

The power company has launched three procurement auctions for a total of 2.9 GW of power generation capacity. Renewable energy companies are among the bidders to have expressed interest in providing electricity.