5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Filinvest-ENGIE to energize solar projects in Dec.

by
December 1, 2024
in Stock
0
Filinvest-ENGIE to energize solar projects in Dec.
ENGIE SERVICES PHILIPPINES is a unit of the French utility company ENGIE, which operates in 31 countries. — PIXABAY

By Sheldeen Joy Talavera, Reporter

LOW-CARBON energy services provider ENGIE Services Philippines and its partner are set to energize two rooftop solar systems by December, with a total capacity of around four megawatts (MW) in Luzon and the Visayas.

“We are energizing two new projects in December,” ENGIE Services Philippines Deputy General Manager Jean-Baptiste Dreanic said on the sidelines of the BusinessWorld Forecast 2025 forum last week.

The projects are in partnership with Filinvest Development Corp., he said.

“As a foreign company, we are very happy to partner with one of the largest conglomerates in the Philippines, which is Filinvest,” Mr. Dreanic said.

For 2025, he said ENGIE Services Philippines is targeting to energize up to 10 solar power projects with a total capacity of up to 10 MW.

“Next year, realistically, we could expect between five and 10 projects to be energized,” Mr. Dreanic said.

ENGIE Services Philippines is a unit of the French utility company ENGIE, which operates in 31 countries. The company provides sustainable energy solutions, including district cooling systems and integrated facility management services to commercial and industrial clients.

The Philippine unit has 19 megawatts-peak (MWp) of renewable energy projects via business-to-business transactions in operation or under construction. It also has large-scale renewable energy projects with a capacity of 300 MWp.

“When we develop, especially the large-scale projects, very often we are partnering with local companies or international companies,” Mr. Dreanic said.

Meanwhile, he said that ENGIE is exploring other renewable energy technologies aside from solar power.

“We are exploring offshore wind in the Philippines. [On] hydro, we would love to explore, but [there is] a market already with very good local experts that are willing to invest, so it’s not that straightforward to invest for us and develop hydro, but it’s really something we like to invest in,” he said.

The Philippines’ offshore wind resources boast an estimated potential of 178 gigawatts, according to the World Bank’s 2022 Offshore Wind Roadmap for the Philippines.

The Energy department is planning to hold a green energy auction specific to offshore wind in 2025.

Previous Post

Revolut co-founder warns of British talent exodus amid remote working shift

Next Post

FAO eyes farm entrepreneurship projects with indigenous peoples

Next Post
FAO eyes farm entrepreneurship projects with indigenous peoples

FAO eyes farm entrepreneurship projects with indigenous peoples

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    One in six UK workers struggling to pay bills as second jobs hit record high

    One in six UK workers struggling to pay bills as second jobs hit record high

    July 12, 2025
    JuanHand earns Green Flag recognition from Filipino Fair Loans Advocacy Group (FILFLAG)

    JuanHand earns Green Flag recognition from Filipino Fair Loans Advocacy Group (FILFLAG)

    July 11, 2025
    United under one roof: How Puregold brought generations of OPM together in the Philippine Arena

    United under one roof: How Puregold brought generations of OPM together in the Philippine Arena

    July 11, 2025
    UK government considers rescue deal for Speciality Steel amid fears of collapse

    UK government considers rescue deal for Speciality Steel amid fears of collapse

    July 11, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.