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.
Read the rest of this entry »

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.
Read the rest of this entry »

A study for Smart Communications by Ericsson pointed out 25% in savings if the company uses Renewable Energy to power its cell sites. This in effect is a 50% savings in the company’s operating expenses as well as 60% of the total power consumption of the communications giant.

Switching to renewable energy means that the company is not contributing to green house gases because by taking off the energy demand they bring to the grid means that energy companies don’t have to burn that much fossil fuels in order to meet the demand.
Read the rest of this entry »

Philippine Independent Oil Player announced that they are looking to expand and diversify their business in 2010 by going into the alternative energy while promoting the use of biofuels and energy independence for the Philippines. Alternative Energy in the form of solar, wind, compressed natural gas (CNG), biomass, etc.

The funds for this ambitious project will be P500 million and will be sourced internally, by the infusion of new capital, from profits and depreciation.
Read the rest of this entry »

Chinese Ambassador Liu Jianchao said that China was looking to invest in the renewable energy sector of the Philippines. Primarily in geothermal, wind and solar energy. They were looking for joint venture opportunities in the emerging renewable energy industry.

Aside from that, he also said that they were working on continued investment in the country’s infrastructure, mining, farming, telecommunication and education sectors as well.
Read the rest of this entry »

The Department of Energy (DOE) announced that they will set up a P2-billion trust fund over the next five years to support the development of renewable energy in the country which was jumpstarted by the passage of the Philippine Renewable Energy Act.

The fund would be sourced from different government agencies. At least 1.5% would come from the Philippine Amusement and Gaming Corp. (Pagcor), which regulates gambling in the country. Another source would be the Philippine Charity Sweeptakes Office (PCSO) which runs the government’s lottery program.
Read the rest of this entry »