BASIC Energy Corp. has been granted a certificate of authority (COA) by the Department of Energy (DOE) for its proposed solar energy operating contract (SEOC) covering the Bolinao Solar Power project.
BASIC Energy Corp. has been granted a certificate of authority by the Department of Energy for its proposed solar energy operating contract covering the Bolinao Solar Power project. The COA grants Basic Energy the authority to secure the necessary permits and tenurial instruments for the project in preparation for the SEOC's 25-year contract period.
The proposed solar power plant will be developed in Bolinao, Pangasinan, and is estimated to cover approximately 37 hectares of land. It is expected to generate at least 47 megawatts peak of solar power based on a preliminary study. The project is estimated to be completed and commissioned by early 2027, contributing to the country's renewable energy targets. 'With the COA in hand, Basic Energy Corporation will now begin securing approvals from relevant national agencies and local government units,' the company said. Basic Energy will be conducting a system impact study, which will be submitted for review and approval by the National Grid Corp. of the Philippines. The company's shares were unchanged at P0.117 apiece on Thursday amid a 0.03-percent dip for the benchmark Philippine Stock Exchange index.
Dept Okays Basic Energy Project
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PGEC secures CEPNS for offshore wind projectsThe Department of Energy (DOE) has certified three offshore wind (OSW) projects of PetroGreen Energy Corp. (PGEC), the renewable energy (RE) holding firm of listed Yuchengco-led PetroEnergy Resources Corp. (PERC), as energy projects of national significance (EPNS). These are the 1.
Read more »
![[EDITORIAL] 2025 midterm elections: Cash, core services, at cyberwars](https://i.headtopics.com/images/2025/5/12/rapplerdotcom/editorial-2025-midterm-elections-cash-core-service-editorial-2025-midterm-elections-cash-core-service-721E2DB61CC5A88A699897435B149431.webp?w=640)
[EDITORIAL] 2025 midterm elections: Cash, core services, at cyberwarsTampok ngayon ang vote-buying, clamor for basic services, at online manipulation
Read more »
Lopez group transfers Pi Energy to First GenFIRST Gen Corp. (First Gen) on Monday said that it had acquired energy solutions company Pi Energy, Inc. (Pi Energy) from their mutual parent, Lopez-led First Philippine Holdings Corp. (FPH), to generate better synergies for the group.
Read more »
Mandaue, Cebu rank top in basic literacySunStar Publishing Inc.
Read more »
PetroEnergy's Buhawind gets ECC for 2-GW projectPETROENERGY Resources Corp. (PERC) on Monday said that Buhawind Energy Northern Luzon Corp., a joint venture of its renewable energy arm PetroGreen Energy Corp. (PGEC) and Danish firm Copenhagen Energy, had obtained a pre-development environmental compliance certificate (ECC) for an estimated 2-gigawatt (GW) Northern Luzon offshore wind project.
Read more »
Daiichi Properties, Shell Energy Philippines to drive renewable energy impact in real estateIN a bold move toward a more sustainable future, Daiichi Properties has partnered with Shell Energy Philippines to power its office buildings with renewable energy.
Read more »