Peanut Gallery Media Network
  • Home
  • News
    • Investigations
    • Politics
    • Law
    • Voices
    • World Affairs
  • Business
    • Careers
    • Creators
    • Markets
    • Real Estate
    • Startups
  • Culture
    • Entertainment
    • Fashion
    • Food
    • Music
    • Pageants
    • Travel
    • Wellness
  • Contact Us
  • Shop
No Result
View All Result
Peanut Gallery Media Network
  • Home
  • News
    • Investigations
    • Politics
    • Law
    • Voices
    • World Affairs
  • Business
    • Careers
    • Creators
    • Markets
    • Real Estate
    • Startups
  • Culture
    • Entertainment
    • Fashion
    • Food
    • Music
    • Pageants
    • Travel
    • Wellness
  • Contact Us
  • Shop
Peanut Gallery Media Network
No Result
View All Result

Leviste’s business faces P24 billion penalty over lacking energy projects

Niño Guevarra by Niño Guevarra
January 13, 2026
in Business, Politics, Trending
0
Leviste’s business faces P24 billion penalty over lacking energy projects
80
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

The Department of Energy has identified Solar Philippines Power Project Holdings Inc. as the largest contributor to a recent wave of terminated renewable energy service contracts, a move that could result in ₱24 billion in penalties tied to unfulfilled project obligations.

You might also like

Should PH Consider Harsher Punishments for Child Rapists? U.S. Lawmaker Pushes Death Penalty for Predators and Sex Offenders Against Minors

Trump prepares sweeping moves to sanction entire ICC in major escalation of U.S. campaign to dismantle Hague tribunal

Scientists develop lab-grown pancreas that produces insulin on its own in diabetes breakthrough

Energy Secretary Sharon Garin said the amount represents a combination of performance bonds, administrative liabilities, and projected costs defined under the canceled agreements. The penalties follow a department-wide review of project compliance and development progress.

Based on department records, service contracts covering 17,904 megawatts of capacity were revoked between 2024 and 2025. Solar Philippines accounted for 11,427 megawatts of the canceled capacity, equivalent to about 64 percent of the total. The company was founded by Batangas Rep. Leandro Leviste. Most of the terminated projects involved solar facilities located in Luzon, including several awarded under the initial rounds of the Green Energy Auction.

According to the department, the cancellations followed repeated compliance checks and the issuance of show-cause orders. In certain cases, required progress reports were not submitted, triggering automatic termination under existing contract rules. Some projects carried development deadlines extending to Dec. 25, 2025.

The department said the review was conducted to address stalled developments commonly referred to as “zombie” projects, which have remained inactive despite holding service contracts. Officials said the cancellations are intended to free up land, grid access, and other limited resources for developers with the capacity to complete projects within approved timelines.

The department is now assessing whether the affected project sites may be reopened through the Open and Competitive Selection Process, which allows new proponents to bid for available areas. The government has reported a renewable energy capacity shortfall of approximately 17 to 18 gigawatts under its auction programs.

The energy department is also reviewing its contracting and qualification policies to strengthen screening standards for future applicants. Garin said the enforcement actions are intended to ensure that awarded renewable energy projects result in completed facilities that can supply power to the national grid.

Tags: department of energyLeandro Levistepenaltiesrenewable energySolar Philippines
Share32Tweet20
Niño Guevarra

Niño Guevarra

Recommended For You

Should PH Consider Harsher Punishments for Child Rapists? U.S. Lawmaker Pushes Death Penalty for Predators and Sex Offenders Against Minors

by PGMN Writer
September 21, 2026
0
Scientists develop lab-grown pancreas that produces insulin on its own in diabetes breakthrough

Should the Philippines reconsider harsher penalties for child rape and sexual exploitation? U.S. Republican Nancy Mace is pushing H.R. 7702, the “Death Penalty for Child Rapists Act,” which...

Read moreDetails

Trump prepares sweeping moves to sanction entire ICC in major escalation of U.S. campaign to dismantle Hague tribunal

by PGMN Writer
September 21, 2026
0
Scientists develop lab-grown pancreas that produces insulin on its own in diabetes breakthrough

President Donald J. Trump’s administration has reportedly drawn up sanctions targeting the entire International Criminal Court, potentially broadening Washington’s pressure campaign from individual judges and prosecutors to the...

Read moreDetails

Scientists develop lab-grown pancreas that produces insulin on its own in diabetes breakthrough

by PGMN Writer
September 21, 2026
0
Scientists develop lab-grown pancreas that produces insulin on its own in diabetes breakthrough

In a major leap forward for regenerative medicine, independent research groups have developed functional, three-dimensional “mini pancreases” from living human stem cells. The engineered tissues can detect changes...

Read moreDetails

Congress notified members at 2:05 AM that the ₱28 billion budget deliberation for 2027 was suddenly moved from Sept. 24 to Sept. 17 while Toby Tiangco was abroad. Was this to protect Yedda Romualdez from being questioned?

by PGMN Writer
September 19, 2026
0
Green Sea Turtle Population Rebounds 28% After Decades of Decline and Leaves Endangered Status

Questions are mounting over why the House suddenly moved plenary deliberations on its proposed ₱27.9‑billion 2027 budget from Sept. 24 to Sept. 17—an eyebrow‑raising timing that conveniently coincided...

Read moreDetails

JV Ejercito Pushes Comprehensive Water Master Plan as Long-Term Solution to Flooding, Irrigation and Supply Needs

by PGMN Writer
September 18, 2026
0
JV Ejercito Pushes Comprehensive Water Master Plan as Long-Term Solution to Flooding, Irrigation and Supply Needs

To address recurring flooding in Bulacan and Pampanga while securing water for irrigation, Sen. JV Ejercito urged the National Irrigation Administration (NIA) to prioritize a long-term water master...

Read moreDetails

Follow PGMN

Popular Stories

  • After Terrorizing Boracay, Vitaly is in Manila Harassing People Around BGC

    After Terrorizing Boracay, Vitaly is in Manila Harassing People Around BGC

    322 shares
    Share 129 Tweet 81
  • Baste Duterte goes after Marcos cabinet over Rodrigo Duterte’s ICC arrest

    312 shares
    Share 125 Tweet 78
  • Actor Janus del Prado has been getting torched online for days for mocking Jimmy Bondoc’s intelligence

    273 shares
    Share 109 Tweet 68
  • ROMUALDEZ SEEN HAVING MERIENDA IN BGC

    258 shares
    Share 103 Tweet 65
  • The Song of a Fallen Alliance: What Digong’s ‘MacArthur Park’ Message to VP Sara Means

    253 shares
    Share 101 Tweet 63
  • Trending
  • Comments
  • Latest
After Terrorizing Boracay, Vitaly is in Manila Harassing People Around BGC

After Terrorizing Boracay, Vitaly is in Manila Harassing People Around BGC

April 3, 2025
Baste Duterte goes after Marcos cabinet over Rodrigo Duterte’s ICC arrest

Baste Duterte goes after Marcos cabinet over Rodrigo Duterte’s ICC arrest

September 15, 2025
Interest in the Office of the Ombudsman Soars to New Heights: 3,000 High-Level Lawyers Apply for 100 Posts as Pursuit of Romualdez Leads to Arrest

Actor Janus del Prado has been getting torched online for days for mocking Jimmy Bondoc’s intelligence

September 10, 2026
US, Iran Move Toward War-Ending Deal; Hormuz Reopening Could Ease Global Fuel Pressure

ROMUALDEZ SEEN HAVING MERIENDA IN BGC

June 15, 2026
Democratic Party Shuffle Only Enrages US Citizens

Democratic Party Shuffle Only Enrages US Citizens

3
Sandiganbayan marcos

Sandiganbayan Drops Civil Case Against Marcos Estate

0
Olivia Rodrigo Philippines

Olivia Rodrigo Pledges Net Profits from Philippines Concert to Charity

0
2024 Philippine Airlines

2024 Philippine Airlines Direct Flights: Every City You Can Travel To

0
Scientists develop lab-grown pancreas that produces insulin on its own in diabetes breakthrough

Should PH Consider Harsher Punishments for Child Rapists? U.S. Lawmaker Pushes Death Penalty for Predators and Sex Offenders Against Minors

September 21, 2026
Scientists develop lab-grown pancreas that produces insulin on its own in diabetes breakthrough

6-year-old Filipino swimmer Elyannah Marinelli brings home 5 gold medals, breaks breaststroke records in Bangkok

September 21, 2026
Scientists develop lab-grown pancreas that produces insulin on its own in diabetes breakthrough

OPM legend Gary Valenciano mounts 10-day intimate concert series at Music Museum set for all Thursdays and Saturdays of October

September 21, 2026
Scientists develop lab-grown pancreas that produces insulin on its own in diabetes breakthrough

Trump prepares sweeping moves to sanction entire ICC in major escalation of U.S. campaign to dismantle Hague tribunal

September 21, 2026
Peanut Gallery Media Network

PGMN

© 2026 PGMN - Peanut Gallery Media Network. All Rights Reserved. | Privacy Policy

No Result
View All Result
  • Home
  • News
    • Investigations
    • Politics
    • Law
    • Voices
    • World Affairs
  • Business
    • Careers
    • Creators
    • Markets
    • Real Estate
    • Startups
  • Culture
    • Entertainment
    • Fashion
    • Food
    • Music
    • Pageants
    • Travel
    • Wellness
  • Contact Us
  • Shop

© 2026 PGMN - Peanut Gallery Media Network. All Rights Reserved. | Privacy Policy

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?