Manila Electric Co. (Meralco) on Tuesday said it is developing 1,000 megawatts of renewable energy projects in the next five to seven years. In a statement, Meralco President and Chief Executive Officer Ray C. Espinosa said the expansion is in keeping with the company’s unwavering shift to renewable energy and the adoption of sustainable practices.
Like solar installers across much of America, Mark Hagerty is adapting to drastic changes in the economics of his business. The changes are part of a flurry of activity across the country as regulators and legislatures referee a showdown between utilities and a rooftop solar industry offering options that are more affordable and popular than ever. States are moving away from net metering policies that require utilities to pay solar owners the full retail rate for excess electricity sent to the grid.
Thai firm B.Grimm Power has brought into commercial operation two huge solar PV projects in Vietnam, including a 420MW plant in Tay Ninh and 257MW installation in Phu Yen. The 420MW installation was spread across two plants which came online to supply electricity to the national utility EVN.
USAID has partnered with ADB to invest heavily in clean energy projects, energy efficiency and power sector reform in the Asia-Pacific region. The partnership, signed at ACEF being held at ADB headquarters in Manila, plans to mobilize US$7 billion of investment to add 6GW of renewables capacity over the next five years.
Developing new solar power generation capacity could be cheaper than running existing coal-fired power plants in Vietnam as early as 2022, according to a study by…Carbon Tracker. The group posited that timescale as one of three scenarios it examined to explain why policymakers would be ill advised to follow through with a planned coal pipeline amounting to 32 GW of new capacity.
Thailand's solar power market is heating up as many listed companies plan massive investments in the sector. Distribution channels for solar panels are also expanding to serve local demand for both on-grid and off-grid power generation. For on-grid power capacity, the national PDP for 2018-37 has a revised target for its solar power portfolio over the next 20 years.
The Lao government has agreed to conduct a feasibility study on electricity trading and hydropower exchanges with neighbouring countries to boost cooperation in the energy sector. Laos has agreed to sell 5,000MW of electricity to Vietnam, and while it is currently exporting just over 300MW it is expected to supply 1,000MW by next year.
FTI is digging on its position that the current wholesale price for electricity is too low for small operators in renewable energy. The industry lobby sees room for an increase…to a level below that which starts to affect ordinary consumers. If the purchase price is not increased, the amount of electricity produced from renewable energy will not reach the official target of 19,000 MW by 2036.