Eco-Merge Philippines Inc. announced that they plan to invest $150 million for the construction of a total of 41MW of solar energy based power projects in the next 3 years.

The first project being a 11MW solar farm in Pili, Camarines Sur that will start within this year and is expected to be finished by Nov. 11, 2011. The project will be established in a 22 hectare area and will cost about $40 Million. Partnering with them in this project is Australia based engineering firm, SMEC Philippines Inc.
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Green Core Geothermal Inc. announced that they will supply 58 megawatts (MW) of geothermal based power to 7 electric cooperatives in the islands of Leyte and Negros.

The energy will come from the 112.5MW Tongonan 1 geothermal power plant (Leyte) and the 192.5MW Palinpinon geothermal power plant (Negros Oriental). The said power plants were bought by Green Core from the government in 2009.
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Subic Wind Power Generation Inc. (SWPGI) recently announced that they will alot $125 million to expand further their renewable energy project at the Subic Freeport. Their plan is that on top of the announced 50MW 25 turbine wind farm will be the establishment of a 100~200 MW Solar Farm.

The project will be done at Mount Sta. Rita and Redondo Peninsula which will encompass about 300 hectares of land. It is projected to employ about 150 workers for its operation.
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Slated for December 2-3, 2010 at the Dusit Thani Manila, Makati City is the Renewable Energy Conference and Expo Manila 2010 which will be attended by stake holders from different sectors concerned with Renewable Energy in the Philippines. Those attending will be people from government, industry, civil society, academe, international financial organizations, multilateral agencies, international organizations, and research institutions.
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H&WB Corp announced that they were planning to build power plants that could supply 3000MW of power to the national grid by 2018. The energy according to them will be sourced from hydropower and underwater current which means that it will be hydro electric based.

The scheduled power build up is 1000 MW by the 1st quarter of 2012 till 2015. Another 500MW by 2017 with the remaining 1500 MW balance by 2018. This however will still be dictated by the power requirements of the country come 2015.
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The Department of Energy (DOE) said that they believe that the Philippines can be successfully made into a South East Asia regional renewable energy hub during the term of current president, Benigno Aquino III by developing renewable energy projects. They said that by doing this it will encourage foreign manufacturing firms to invest in the country.

The DOE said that ever since the Renewable Energy Law was passed last 2008 they have signed about 205 renewable energy project contracts. These contracts are worth about P88 billion and are estimated to generate about 4400 MW of renewable energy for the grid. The department also said that they are looking into 382 RE project proposals that have been submitted to them for review and approval.
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