Clime Capital to invest up to USD 10m in Philippine solar firm UGEP
Sep 11, 2024 14:25 CESTThe Philippine government has given the green light to an up to 65-MW solar project proposed by local developer Burgos Pangasinan Solar Energy Corp on the country’s Luzon island.
A green lane certificate authorising the project was issued by the Board of Investments (BOI), an agency under the Department of Trade and Industry, on Tuesday. The estimated value of the proposal stands at PHP 2.7 billion (USD 48.2m/EUR 44.8m).
Planned to be installed in Burgos municipality, in the coastal province of Pangasinan, the photovoltaic (PV) park will cover 71.5 ha (176.7 acres) of land and will have an installed capacity of between 50 MW and 65 MW. It is expected to kick off commercial operations in September 2026.
Burgos Pangasinan is controlled by Rising Renewables Holdings. Its project is seen to support the Philippines’ target of achieving a 35% renewable energy share in the power generation mix by the end of the decade.
(PHP 10 = USD 0.179/EUR 0.166)
Clime Capital to invest up to USD 10m in Philippine solar firm UGEP
Sep 11, 2024 14:25 CESTActis to join 3.5-GWp Philippine solar-plus-storage project
Sep 06, 2024 15:04 CESTWeekly renewables M&A round-up (Sept 2-6)
Sep 06, 2024 17:52 CESTIberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
Sep 19, 2024 16:25 CESTNacap to build hydrogen pipeline for AGA’s Aussie green ammonia project
Sep 19, 2024 16:03 CESTKKR fund increases tender offer price for Greenvolt
Sep 19, 2024 15:32 CEST