Changi Airport Group and Keppel announce Singapore’s largest single-site solar power project: pioneering sustainable aviation infrastructure
Changi Airport Group (CAG) hires Keppel to lead the design, construction, ownership and operation of a large-scale solar photovoltaic (PV) system across Changi Airport’s terminal buildings, auxiliary structures, airfields and cargo facilities. Did. . The 25-year effort aims to culminate in Singapore’s largest single-site rooftop solar PV system, with an expected completion date set for early 2025. The system has a total generating capacity of 43 megawatts peak (MWp). 38 MWp will be allocated to rooftop installations and the remaining 5 MWp will be allocated to grass areas within the airport’s airfield, a groundbreaking undertaking that marks the airport’s first foray into an airfield solar power facility.
MGen Renewable Energy increases stake in SP New Energy Corp., securing 55.96% control
MGen Renewable Energy Inc. (MGreen), a wholly owned subsidiary of Meralco Powergen Corp., has increased its stake in integrated solar power development company SP New Energy Corp. (SPNEC). MGreen purchased 2.17 billion SPNEC shares from Solar Philippine Power Project Holdings Inc. for P2.5 billion, representing a 4.34% stake. The acquisition strengthens MGreen and its affiliates’ control over his SPNEC from 50.55% to 55.96%. Prior to this, MGreen acquired 15.7 billion common shares, representing 31.4% of SPNEC’s total outstanding common shares, for P15.9 billion. In addition, 19.4 billion preferred shares were acquired, giving MGreen’s total voting rights in listed companies to 50.53%. Last May, MGreen affiliate Metro Pacific Investments Corp. (MPIC) began purchasing 1.6 billion SPNEC shares from Solar Philippines for P2 billion.
Malaysia Sabah Energy Board launches SELCO-PV SABAH solar power program
The Sabah Energy Commission (ECoS) has launched a new program called Sabah Grid-Connected Solar Power Systems for Self-Consumption (SELCO-PV SABAH). The program is designed to enable Sabah consumers to install solar panels on their premises and generate their own electricity. This allows consumers to reduce their electricity bills and reduce their dependence on the power grid. The SELCO-PV SABAH program is a self-consumption program. This means that the excess energy produced by the solar panels is not exported to the grid. This is in contrast to net metering programs, which allow consumers to sell excess energy back to the utility company. The program is open to all consumers in Sabah, whether residential, commercial or industrial. Consumers interested in participating in the program can apply online or by contacting a participating electrical contractor.
Ranhill Utilities subsidiary achieves commercial operation of 50MW solar power project in Malaysia
Ranhill Solar I Sdn Bhd, a subsidiary of Ranhill Utilities Berhad, has achieved commercial operation date (COD) for its 50MWac large scale solar power project under Large Scale Solar Power Phase 4 @ MEnTARI (LSS4@MEnTARI). The project operates under a 25-year concession period and marks Langhill’s first foray into ownership of large-scale solar assets, in line with its renewable energy efforts. COD is expected to have a positive impact on Ranhill Group’s revenue over the next 25 years and significantly contribute to environmental sustainability by reducing his CO2 emissions by 2,135,880.25 tons. This milestone strengthens Runhill’s commitment to clean energy and a greener, more sustainable future.
Solar-powered water pump project revolutionizes agriculture in Calapan, Philippines
The farming community of Calapan, Oriental Mindoro is celebrating a sustainable future with the launch of the “Agos Para sa Masaganan Ani” solar-powered water pump project. Led by Yara Fertilizers Philippines, Inc. and in collaboration with the Royal Norwegian Embassy, this initiative aims to revolutionize rice field irrigation in Barangay Santa Cruz. The project is funded by his P4 million grant and will reduce costs, increase farmers’ profitability and minimize CO2 emissions by replacing traditional diesel-powered pumps. The Royal Norwegian Embassy emphasizes its commitment to climate change, environmental protection and food security, and supports the project as a pilot for future scalability. Solar-powered pumps are expected to improve food production while reducing overall carbon emissions, in line with global sustainability goals.
Helios and BPI launch groundbreaking solar mortgage program: democratizing access to solar power for homeowners in Asia
Climate fintech company Helios has introduced Asia’s first solar home loan program, aiming to democratize access to solar power for homeowners. In a pioneering effort, Helios partnered with Bank of the Philippine Islands (BPI) to integrate solar energy solutions into residential properties acquired through mortgage loans. Helios co-founder Alex Aronson said solar home loans are a groundbreaking innovation for the Philippines. This innovative approach ensures that BPI’s green loans are cash flow positive. This means that the savings you receive from installing solar panels will outweigh your payment obligations, making your home more affordable for consumers with mortgages. The solar home loan program offers a wide range of options and can finance both new home purchases and existing homes seeking solar upgrades, ranging from P400,000 to P10,000,000. The amount is up to pesos or more. This flexibility accommodates a variety of homeowner needs and budgets, making solar energy more accessible.
TNB’s strategic partnership with China to revolutionize ASEAN power grids with HVDC technology: Promoting sustainable energy solutions in the region
Leading energy provider Tenaga Nasional Berhad (TNB) is spearheading an innovative partnership with China’s state-owned power utility to revolutionize the ASEAN Power Grid (APG) through cutting-edge high-voltage direct current (HVDC) technology. ing. This strategic initiative highlights his TNB’s dedication as a regional energy leader committed to advancing sustainable energy solutions. In a recent analyst briefing, TNB President and Chief Executive Officer Dato’ Seri Ir said: Announcing this ambitious undertaking, Mr. Baharin Din said that HVDC technology is of critical importance in facilitating efficient power trading, seamless resource sharing and integration of renewable energy (RE) sources among ASEAN countries. He emphasized that he was playing a role.
Philippine Embassy considers solar power venture with FAS Energy in Saudi Arabia
The Philippine Embassy in Saudi Arabia has begun discussions with FAS Energy to explore the possibility of investing in solar power. Chargé d’Affaires Rommel Lomato met with Marcus Schlaf, CEO of Renewable Energy (Solar) at FAS Energy, to explore opportunities for involvement in the Philippines’ solar energy sector. Maharlika Investment Corporation focuses on leveraging the Philippines’ favorable geography, weather, and socio-economic conditions. This dialogue represents a positive step towards unlocking the potential of solar power in the Philippines and accelerating the country’s transition to cleaner and more sustainable energy sources, as the embassy highlighted. . Officials noted that the Philippines is actively pursuing clean energy solutions, with solar power playing an important role in the national energy plan.
Board of Investment gives green light to large-scale solar power project in Pangasinan, Philippines
As part of an important move to strengthen the renewable energy sector in the Philippines, the Board of Investments (BOI), through the One Stop Action Center for Strategic Investments (OSACSI), has green-funded the Burgos Pangasinan solar power project. Awarded lane certificate. This solar power initiative planned for Burgos City, Pangasinan received the certificate during a ceremony held at the BOI headquarters on January 31, 2024. Undersecretary Ceferino S. Rodolfo, Managing Head of BOI, awarded the Green Lane Certificate. Support to the Burgos Pangasinan Solar Energy Corporation (BPSEC) stakeholders led by Mr. Kyle A. Mina. The project is expected to be operational by September 2026 and is a ground-mounted solar power plant spread over approximately 71.5 hectares with an installed capacity of 65 MWp or 50 MWac.