2nd Annual Philippines Future Energy and Grid Summit 2025

SPNEC secures PHP 150 B loan to expand solar and battery energy storage SP New Energy Corporation (SPNEC) has secured a Php 150 billion, 15-year Omnibus Loan and Security Agreement (OLSA) through its subsidiary, Terra Solar Philippines Inc. (MTerra Solar), marking a major financial milestone for the company’s renewable energy initiatives. The loan, backed by six leading banks—BDO Unibank Inc., Bank of the Philippine Islands, Philippine National Bank, Security Bank Corporation, China Banking Corporation, and Metropolitan Bank & Trust Company (Metrobank)—will finance the ongoing development of an integrated solar photovoltaic (PV) facility and a Battery Energy Storage System (BESS). https://lnkd.in/dZQr2wFJ

We are pleased to announce that the 2nd Annual Philippines Future Energy and Grid Summit 2025 is going to take place on 9-10 October in Manila. Building on the success of the last edition, this event is going to bring together more than 300 delegates across the future energy value chain across the region. We look forward to welcoming you in Manila in October. 📅 Date: 9-10 October 205 📌 Location: Manila 🌐 Registration: https://lnkd.in/ghupYbQx

Philippines certifies 17.6 GW of renewables under CEPNS program The government of the Philippines issued Certificates of Energy Projects of National Significance (CEPNS) for 149 power and transmission projects between May and December 2024, covering 91 renewable energy projects totaling 17.6 GW of capacity. The Philippines’ Department of Energy (DOE) issued Certificates of Energy Projects of National Significance (CEPNS) to 149 power generation and transmission projects between May and December 2024, following the resumption of CEPNS issuance in October 2023. CEPNS fast-tracks approvals for energy projects in the Philippines, granting priority processing and regulatory support. It supports solar development by easing permitting for large-scale PV installations. https://lnkd.in/gry5qRMg

Philippines certifies 17.6 GW of renewables under CEPNS program The government of the Philippines issued Certificates of Energy Projects of National Significance (CEPNS) for 149 power and transmission projects between May and December 2024, covering 91 renewable energy projects totaling 17.6 GW of capacity. The Philippines’ Department of Energy (DOE) issued Certificates of Energy Projects of National Significance (CEPNS) to 149 power generation and transmission projects between May and December 2024, following the resumption of CEPNS issuance in October 2023. CEPNS fast-tracks approvals for energy projects in the Philippines, granting priority processing and regulatory support. It supports solar development by easing permitting for large-scale PV installations. https://lnkd.in/gry5qRMg

SNAP eyes 80 MW battery energy storage capacity by 2026; breaks ground on 2nd facility — SNAP broke ground on the second phase of its Magat Battery Energy Storage System (BESS) facility co-located at the Magat hydroelectric power plant in Ramon, Isabela on February 20, 2025. https://lnkd.in/g_6FMjTp

SMC Global Power unveils a massive energy expansion! With 2,400 MWp of solar projects, small-scale LNG developments, and a 1,000 MWh battery energy storage expansion, SMGP is leading the charge toward energy security in the Philippines. As part of its diversified energy investment strategy, the company is also progressing with the Masinloc Power Plant expansion, which will add 700 MW of coal capacity by 2026, reinforcing its position as one of the leading power developers in the country. SMGP, through its wholly owned subsidiary, SMC Global Light and Power Corp. (SGLPC), is actively developing a solar power portfolio in collaboration with potential partners. The company has outlined a two-phase rollout, with the first phase targeting 1,300 MWp across various sites in Luzon, including Bataan, Bulacan, and Isabela, scheduled for completion by 2028. The second phase, adding an additional 1,100 MWp, will be deployed in Pagbilao, Bohol, and Mindanao, with operations expected by 2039. https://lnkd.in/gDaCvbHb

SNAP’s battery storage projects gain financial backing for 2026 completion At a ceremonial signing on February 17, 2025, BPI and Chinabank formalized their commitment to fund the Magat BESS Phase 2, while BPI and BDO agreed to finance the Binga BESS project. The BESS projects, expected to be completed by 2026, will be co-located with the Magat hydroelectric power plant in Isabela and the Binga hydroelectric power plant in Benguet.  Meanwhile, engineering, procurement, and construction (EPC) contracts for both projects have been awarded to GEDI China Energy, a subsidiary of China Energy Engineering Group. https://lnkd.in/gVe3rNzm

DOE vows full backing for 16 offshore wind parks A total of eight energy developers have committed to pursue 16 offshore wind projects in the country, with the Department of Energy (DOE) assuring investors that the government’s green power auction for this technology will advance in the third quarter of this year. Data from the DOE showed that these “front-runner” projects have a potential aggregate capacity of 16,600 megawatts (MW). Leading these projects are Triconti Southwind Corp., Jet Stream Windkraft Corp., Ivisan Windkraft Corp., BuhaWind Energy Northern Luzon Corp., ACX3 Capital Holdings Inc., Vind Energy Corp., Domhain Earth Corp., and CI NMF (PH) Corp. Read more: https://lnkd.in/ghTKadJu Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook Read more: https://lnkd.in/gVJ-xVWz Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook

#greatnews #Philippinespowergrid PHP 5 Billion in NGCP Transmission Projects Get ERC Nod to Strengthen Power Infrastructure The Energy Regulatory Commission (ERC) has given the green light to four transmission projects by the National Grid Corporation of the Philippines (NGCP), with a total capital expenditure of P5 billion. The projects, which include the Granada, Sumangga, and La Carlota substations, as well as the Nagsaag-Tumana transmission line, aim to prevent power overloading, enhance supply reliability, and meet growing electricity demand in key areas. Among those approved by the ERC is the Granada 230-kilovolt (kV) substation project with a total budget of P1.943 billion. Expected to be completed by August 31, 2028, this project will be constructed to ease transformer congestion at the Bacolod Substation, ensuring a more stable power supply for the growing electricity needs of Bacolod and surrounding areas. https://lnkd.in/gSyHc6UR

DOE’s Third Green Energy Auction Sees Strong Investor Interest, Exceeds 7,500 MW in Bids DOE’s Third Green Energy Auction Sees Strong Investor Interest, Exceeds 7,500 MW in Bids Power Philippines News on February 12, 2025 at 7:41 pm The Department of Energy (DOE) has declared the third Green Energy Auction (GEA-3) a success, as bids from renewable energy developers exceeded 7,500 megawatts (MW)—far surpassing the 4,650 MW installation target. The overwhelming response underscores investor confidence in the country’s clean energy transition and the growing role of pumped-storage hydro (PSH) as a key energy storage solution to ensure grid stability and energy security. https://lnkd.in/giizte2n