Tag: philippines

2 GWp solar park with storage and diesel backup to come up in the Philippines

2 GWp solar park with storage and diesel backup to come up in the Philippines

February 25, 2021 |

he Solar Philippines Corporation has announced plans to build a large power complex combining 2 GWp of solar power capacity, 6 GWp of energy storage, and a 600 MW diesel backup plant in Nasugbu, Batangas City. The company has secured a Solar Service Energy Contract from the Department of Energy giving it exclusive right to explore, develop and utilise the solar resource. Solar Philippines has also secured about 2,000 hectares of land for the project in Nasugbu.

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Opportunities for green finance in the Philippines

Opportunities for green finance in the Philippines

December 1, 2020 |

The Philippines has been one of the fastest growing economies in the Association of Southeast Asian Nations (ASEAN) and despite the covid-19 crisis, the economic growth is expected to rebound gradually in 2021–2022. However, this recovery from the COVID-19 crisis would need urgent focus on green infrastructure and creating an enabling environment for these investments. The Green Infrastructure Investment Opportunities: Philippines 2020 Report has been prepared by the Climate Bonds Initiative (CBI).

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