The Department of Energy (DOE) granted system impact studies (SIS) to seven renewable energy (RE) projects that will undergo evaluation to determine the power grid's capacity to accommodate new connections. Based on a document posted on the DOE website, the largest project is the 180 megawatt-peak...
After divesting its stake in Petron Corporation in 2008, trillion-dollar energy giant Saudi Aramco is reportedly plotting a re-entry into the Philippine energy sector. According to a highly placed source, this will be through a prospective merger and acquisition (M&A) deal with one of the...
The Department of Energy (DOE) is firming up a policy that will reduce the performance bond requirement for offshore wind projects to a leaner five percent, a departure from the typical 20 percent required in green energy auctions (GEA) for other renewable energy (RE) technologies. At a year-end...
The Department of Energy’s (DOE) announcement of a dedicated green energy auction (GEA) for offshore wind projects next year has serious industry players excitedly charging ahead like surfers eyeing that perfect swell into the deep sea—but are we ready to catch the big wave on these uncharted...
Senator Juan Miguel “Migz” Zubiri on Friday, December 13 welcomed the Philippine’s rise to the second spot in BloombergNEF Climatescope’s 2024 rankings for “the most attractive emerging markets for renewable energy (RE) investment.” Zubiri said this is concrete proof that the...
The Department of Energy (DOE) announced that the third round of the Green Energy Auction (GEA-5), focused on offshore wind (OSW) projects, will begin in the third quarter of next year. In a statement on Thursday, Dec. 12, the DOE said GEA-5 will provide developers with secure and accessible market...
The Department of Energy (DOE) has announced that the renewable energy (RE) market will commence this month, which aims to help the Philippines achieve its target share of clean energy generation mix over the next few years. According to a DOE circular, full commercial operations for the RE market...
The Department of Energy (DOE) has strengthened its partnership with the United States to advance nuclear energy in the Philippines through a recent policy dialogue. During the 2nd United States-Philippines Energy Policy Dialogue (EPD), the DOE and key US officials finalized a guiding document that...
Senator Juan Miguel “Migz” Zubiri urged the Department of Energy (DOE) and the National Electrification Administration (NEA) on Friday, December 6, to urgently address the persistent power outages plaguing Siargao Island since early December. Zubiri said that this is now adversely affecting its...
The Department of Energy (DOE) announced that it will move the Green Energy Auction (GEA)-3 to next year. During the 2024 Energy Investment Forum on Thursday, Dec. 5, Energy Undersecretary Felix Fuentabella said that GEA-3, which covers non-feed-in-tariff (FIT) projects for geothermal, impounding...
The Department of Energy (DOE) announced that all electric cooperatives (ECs) nationwide are exempted from taxes imposed by their local government units (LGUs). The memorandum was signed by Energy Secretary Raphael P.M. Lotilla and Finance Secretary Ralph G. Recto, represented by Undersecretary...
To curb delays in renewable energy projects, the Department of Energy (DOE) is cracking down and expects to cancel more by year's end, following the termination of over 100 projects last month for missing deadlines. On the sidelines of Buhawind Energy Philippines (BEP)’s Offshore Wind Forum,...
