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Meralco seeks challengers to Solar Philippine’s supply offer

MANILA, Philippines — Manila Electric Co. (Meralco) is looking for challengers for the unsolicited proposal of Solar Philippines covering 200-megawatt (MW) of baseload supply starting 2024. Meralco yesterday said it has commenced the competitive selection process (CSP) for the supply offer as part of its continuing efforts to secure competitively priced power for its customers.

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Macquarie unit to invest $1.2B in Laguna floating solar facility

Macquarie Capital, through Singapore-based Blue Leaf Energy Asia Pte Ltd., is investing at least $1.2 billion or about P68.3 billion in a 1,300-megawatt floating solar plant on Laguna Lake. The solar facility will be jointly developed by Blue Leaf Energy and renewable energy firm SunAsia Energy Inc. and is scheduled to commence operations by 2024.

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P2.65B raised for 75-MW Rizal solar farm of Meralco, Mitsui Read

The partnership of Manila Electric Co. and Japan-based Mitsui Group obtained P2.65 billion in fresh funds to develop a 75-megawatt solar power project in Baras, Rizal. MGEN Renewable Energy Inc. (MGreen), through its subsidiary PH Renewables Inc. (PHRI), tapped a 15-year term project financing from Rizal Commercial Banking Corp. RCBC Capital Corp. will serve as

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