THE DEPARTMENT OF ENERGY (DoE) said Terra Solar Philippines, Inc. (TSPI) is on track to begin commercial operation of the first phase of its 2,500-megawatt (MW)THE DEPARTMENT OF ENERGY (DoE) said Terra Solar Philippines, Inc. (TSPI) is on track to begin commercial operation of the first phase of its 2,500-megawatt (MW)

Terra Solar set for first-phase commercial activity in Q1, DoE says

THE DEPARTMENT OF ENERGY (DoE) said Terra Solar Philippines, Inc. (TSPI) is on track to begin commercial operation of the first phase of its 2,500-megawatt (MW) solar farm in the first quarter (Q1) of 2026, following the energization of its substation.

“The DoE will continue working with NGCP (National Grid Corp. of the Philippines) and the project proponent to ensure that grid interconnection requirements and safety standards are met, and that key commissioning milestones remain on track,” it said in a media release on Sunday.

The first stage of the Terra Solar project has advanced crucial grid interconnection with the NGCP, following the energization of the Terra Solar 500-kilovolt substation on Dec. 21, the DoE said.

The agency added that the first stage will deliver 364 MW of the planned 2,500-MW solar development, complemented by battery energy storage systems.

The Energy department is monitoring the timely completion of 200 power generation projects nationwide, including the Terra Solar project, noting that it is working to fast-track the construction of power generation facilities over the next three years.

It said it is coordinating with project proponents to address challenges such as permitting constraints, right-of-way issues, and equipment delivery delays.

“The DoE continues to track project progress and coordinate closely with stakeholders to ensure that committed capacity is delivered on schedule and in a manner consistent with safety and grid reliability requirements,” the agency said.

As of end-November, a total of 956 MW of new capacity had been added to the power grid from 14 power plants, including 12 utilizing renewable technologies, one oil-based facility, and one natural gas-fired plant.

The Philippines aims to increase the share of renewable energy in the power mix to 35% by 2030 and 50% by 2040.

TSPI is an affiliate of Meralco PowerGen Corp., the power generation arm of Manila Electric Co. (Meralco). Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Ashley Erika O. Jose

Market Opportunity
Terraport Logo
Terraport Price(TERRA)
$0.002533
$0.002533$0.002533
-2.46%
USD
Terraport (TERRA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Solana Price Suggests a Drop Below $100 as Markets Eye Long-Term $1,000

Solana Price Suggests a Drop Below $100 as Markets Eye Long-Term $1,000

Solana (SOL) is seeing renewed interest due to its short-term correction pattern, which analysts are following. There is long-term optimism, but the market is currently
Share
Tronweekly2025/12/29 04:00
Gold-Backed Cryptos Near $3B Market as Bullion Blasts to Fresh Record Highs

Gold-Backed Cryptos Near $3B Market as Bullion Blasts to Fresh Record Highs

The post Gold-Backed Cryptos Near $3B Market as Bullion Blasts to Fresh Record Highs appeared on BitcoinEthereumNews.com. Gold’s historic rally accelerated on Monday, with spot prices punching through $3,800 per ounce to set fresh all-time record, extending a torrid year in which bullion is up roughly almost 47% year-to-date. That surge is echoing on across crypto rails, with gold-backed tokens climbing to an all-time high market capitalization of $2.88 billion, CoinGecko data shows. Tokenized versions of the metal are backed by physical reserves but settle on blockchain rails, offering round-the-clock trading and near-instant transfers. XAUT$3,868.89 and Paxos’ PAXG$3,877.15, both tokens issued by firms predominantly known for their stablecoins, are dominating the category. XAUT’s capitalization stood near $1.43 billion and PAXG’s at roughly $1.12 billion, both at their respective all-time highs. Liquidity has swelled alongside the rally, too. PAXG attracted more than $40 million in net inflows during September and set a fresh trading volume record surpassing $3.2 billion in monthly turnover. PAXG market cap and token volume (DeFiLlama) XAUT also posted a record $3.25 billion in monthly volume, per DeFiLlama. Meanwhile, the token’s market cap growth came solely from the underlying metal’s appreciation, as no new token minting happened this month after August’s $437 million jump. Tether Gold (XAUT) market cap and trading volume (DeFiLlama) The tokenized gold market could continue gaining as macro conditions remain supportive for the yellow metal. Investors expectations mount for more Federal Reserve rate cuts and a softer U.S. dollar, while anxiety builds over a possible government shutdown in the U.S. Meanwhile, BTC$114,240.05, often dubbed as “digital gold,” is lagging behind gold with a 22% year-to-date return. Read more: Bitcoin to Join Gold on Central Bank Reserve Balance Sheets by 2030: Deutsche Bank Source: https://www.coindesk.com/markets/2025/09/29/tokenized-gold-market-nears-usd3b-as-bullion-blasts-to-fresh-record-highs
Share
BitcoinEthereumNews2025/09/30 13:12
Robinhood Hands Out $750K in Bitcoin as BTC Shows Signs of a Base

Robinhood Hands Out $750K in Bitcoin as BTC Shows Signs of a Base

The post Robinhood Hands Out $750K in Bitcoin as BTC Shows Signs of a Base appeared on BitcoinEthereumNews.com. Robinhood distributed $750,000 in Bitcoin during
Share
BitcoinEthereumNews2025/12/29 04:32