Must Read
Leviste-led Solar Philippines is supposed to deliver nearly 12 gigawatts of renewable energy capacityLeviste-led Solar Philippines is supposed to deliver nearly 12 gigawatts of renewable energy capacity
Leviste’s solar firm fined P24 billion over stalled contracts
Per feedback o dubbi su questo contenuto, contattateci all'indirizzo crypto.news@mexc.com.
MANILA, Philippines – The Department of Energy (DOE) is imposing P24 billion in penalties on Solar Philippines, a renewable energy firm founded by Batangas 1st District Representative Leandro Leviste, for failure to meet commitments.
According to reports, the DOE is relinquishing 163 renewable energy service contracts issued from 2024 to 2025 with a total capacity of 17,900 megawatts. Of this, Solar Philippines had nearly 12,000MW worth of contracts canceled. The DOE has been bidding out renewable energy projects through the green energy auction program to speed up renewable infrastructure in the country.
The Ombudsman is investigating Leviste for supposedly “selling” his solar business’ franchise to tycoon Manny V. Pangilinan, an allegation that Meralco PowerGen Corporation has since denied.
Solar Philippines promotes itself as “the largest solar company in Southeast Asia with over 300MW of generating capacity and 10,000 hectares of land area conducive for solar farms.”
Its portfolio on its website boasts of over 10,000 hectares of land to be developed in solar energy zones in Batangas, Nueva Ecija, and Tarlac.
– Rappler.com
Disclaimer: gli articoli ripubblicati su questo sito provengono da piattaforme pubbliche e sono forniti esclusivamente a scopo informativo. Non riflettono necessariamente le opinioni di MEXC. Tutti i diritti rimangono agli autori originali. Se ritieni che un contenuto violi i diritti di terze parti, contatta crypto.news@mexc.com per la rimozione. MEXC non fornisce alcuna garanzia in merito all'accuratezza, completezza o tempestività del contenuto e non è responsabile per eventuali azioni intraprese sulla base delle informazioni fornite. Il contenuto non costituisce consulenza finanziaria, legale o professionale di altro tipo, né deve essere considerato una raccomandazione o un'approvazione da parte di MEXC.
Potrebbe anche piacerti
Fake Promises and Fraud: Inside the Mosciun NFT Scam That Cost Holders $4 Million
On-chain verification by ZachXBT, Loki, RugMuncher, Bubblemaps. Reporting by CoinTelegraph and Decrypt. Imagine minting an NFT. You pull a rare. The founder announces
Condividi
Techbullion2026/04/02 19:24
Dogecoin and Hyperliquid Are Heating Up — But This New Project Might Be the One to Watch
The crypto market has no shortage of drama. Whether it’s Dogecoin trends dominating social feeds or Hyperliquid drawing headlines across DeFi circles, the pace rarely slows down. But amid the noise, a new player is quietly building momentum — and it’s not another meme token or trading platform clone. It’s called Kart Rumble, and while
Condividi
Coinstats2025/09/17 23:30
EDX Markets Applies for OCC Trust Bank to Expand Crypto Services
The post EDX Markets Applies for OCC Trust Bank to Expand Crypto Services appeared on BitcoinEthereumNews.com. EDX Markets, an institutional crypto exchange, has
Condividi
BitcoinEthereumNews2026/04/02 19:05
