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You are here: Home / Singapore’s WEnergy Global, Investors to Drive US$20M, 4 Renewable Energy Ventures in Philippines

Singapore’s WEnergy Global, Investors to Drive US$20M, 4 Renewable Energy Ventures in Philippines

· November 8, 2019 ·

SINGAPORE - Media OutReach - 8 November 2019 - Singapore-based WEnergy Global Pte Ltd, a developer and operator of renewable power plants in Asean, said a group comprising its venture partners will fund US$20 million in equity into four new energy projects in the Philippines. These renewable energy plants will come onstream within two years. The new projects will be designed alike the Sabang Renewable Energy Microgrid (SREC) Project in Cabayugan, Puerto Princesa, Palawan, Philippines. SREC was just commissioned. The Sabang project was conceptualised in 2013 when the Philippine government was looking for solutions to overcome the challenge of insufficient power supply and poor power transmission. Give the vastness of the country, a fundamental problem was the lack of economies of scale in constructing power plants. WEnergy Global led the design and development of the project, and now operates the Sabang plant jointly with its Philippine partners, Gigawatt Power Inc. and Vivant Energy Corporation. This Sabang plant, now the largest off-grid electrification plant in Asean, combines solar PV (1.4 MWp), diesel generation (1.2 MW) and 2.4 MWh battery storage to deliver electricity across a 14-km distribution network to 700 residents and commercial establishments. On average, this power plant will have 60% solar PV… Read full this story

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