San Miguel Corp opts for tidal in 10GW renewable energy dive

Illustration (Photo: Pixabay/Creative Commons CC0)

San Miguel Corporation (SMC) has unveiled plans to make significant investments into renewable energy and energy storage initiatives in the next 10 years.

The Philippine-based conglomerate plans, according to various local media reports, to invest in up to 10,000MW of renewable energy developments in the next 10 years.

The technologies to be covered by SMC investment plans reportedly include hydro, wind, and tidal energy projects.

SMC has confirmed in April 2017 the plans to develop a tidal energy power facility through its SMC Global Power Holdings Corp at an estimated cost of $60 billion.

With generating capacity of up to 20,000MW – the facility is expected to generate 4,000MWs by the fifth year, according to the plans set out earlier by SMC.

The power generated could be sold to the grid at P5.00 per kilowatt hour without feed-in tariff from the government reducing the overall cost of electricity for consumers, according to Ramon S. Ang, President and Chief Operating Officer of SMC.

Share this article

Follow Marine Energy


<< May 2019 >>
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Seawork International 2019

Seawork International is the largest and fastest growing international commercial marine and workboat exhibition and conference…

read more >


ASEAN Sustainable Energy Week 2019 will feature the very latest innovative energy sources along with…

read more >

3rd World Congress on Wind & Renewable Energy

Conference Series warmly invites all the participants from all over the world to attend…

read more >


OCEANS is the bi-annual event for global marine technologists, engineers, students…

read more >