Meralco PowerGen Corporation, a power generation subsidiary of Meralco, will be tapping foreign partners for targeted investments in offshore wind farm installations.
Meralco PowerGen Corporation, a power generation subsidiary of Manila Electric Company , will be tapping foreign partners for targeted investments in offshore wind farm installations.
“First and foremost, we still have to do wind mast which will take one to two years; and then decide investment,” Azurin pointed out. Meralco PowerGen and its amalgamated affiliate Global Business Power Corporation are now re-focusing investments in the RE space, in line with the State-sanctioned ‘energy transition agenda’ as cast in the updated Philippine Energy Plan.
From that kick-off clean energy venture, Azurin stated that “the power generation group continues to ramp up its investments in the renewable sector with a target of 1,500MW in the next seven years.”
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.
Mitsubishi inaugurates first-ever Dendo Drive Station with PMPI and MeralcoMitsubishi Manila Bay is the new flagship Dendo Drive Station in the country, which lets Filipinos discover first-hand how it can not only charge the Outlander PHEV but also supply electricity back to the facility.
Read more »
More than 1 million people evacuated from Ukraine to Russia since Feb. 24 —LavrovMore than 1 million people have been evacuated from Ukraine into Russia since Feb. 24, Russian Foreign Minister Sergei Lavrov said in remarks published early on Saturday.
Read more »
Aboitiz Power eyes European partner in carbon storage ventureListed firm Aboitiz Power Corporation is in talks with a European company as its prospective partner for experimental venture in carbon capture and storage (CCS) technology to pare carbon emissions, primarily at its coal-fired power facilities.
Read more »
Aussie shipbuilder hopes to fix deal with DND as OPV project hangs in the balanceAustal, an Australian shipbuilding company and defense primer contractor, is still keen to work with the Offshore Patrol Vessel (OPV) procurement program of the Department of National Defense (DND) for the Philippine Navy (PN).
Read more »
Iwa Moto slams netizens who called her attention for reacting to Jodi Sta. Maria's presidential betTV personality Iwa Moto recently shared a picture of her along with her partner’s father, Sen. Ping Lacson Sr.
Read more »
Lifting sanctions against Russia part of peace talks with Ukraine —LavrovLifting sanctions imposed on Russia is part of peace negotiations between Moscow and Ukraine, which are "difficult" but continue daily, Russian Foreign Minister Sergei Lavrov said in remarks published early on Saturday.
Read more »