Belem, Brazil — The International Atomic Energy Agency (IAEA) will host a two-week program at the ongoing COP30 Climate Change Summit to spotlight nuclear energy 's rising global momentum as a cornerstone of the clean energy transition and a critical weapon in the fight against climate...
Energy firms that have gas-fired power fleets are now advancing their plea for ‘international funding mechanism’ that will underpin eventual actions to be taken on the decommissioning of their generating facilities. During the 4 th Philippine Environment Summit, First Gen Chairman and CEO...
More than a decade ago, the contours of renewable energy (RE) investments in the Philippines had been framed and are being re-shaped through the years – and the nuances of project developments had always been complicated and tricky. Through it all, there’s one company that had witnessed from...
The coal moratorium policy will be sustained under the Marcos administration, Energy Secretary Raphael Perpetuo Lotilla declared. “The moratorium on the building of new coal-fired power plants has been set and you know I don’t believe in completely changing policies and therefore changing mixed...
The Energy Regulatory Commission (ERC) has cemented a deal with a United Nations (UN) body that will provide technical assistance to the former on framing regulations for the "energy transition" agenda of the country. The agreement was inked with the Southeast Asia Energy Transition Partnership...
Ayala-led ACEN Corporation has inked P13.7 billion omnibus loan and security agreement with Bank of the Philippine Islands (BPI) and Rizal Commercial Banking Corporation (RCBC) as energy transition mechanism (ETM) funding for its 244-megawatt South Luzon Thermal Energy Corporation’s (SLTEC) coal...
The Philippine Electricity Market Corporation (PEMC), which is the governing entity of the Wholesale Electricity Spot Market (WESM), has inked a deal with the United Nations Office for Project Services (UNOPS), for the relevant parties to concretize energy transition roadmap that will primarily be...
Generating facilities feeding on liquefied natural gas (LNG) will be playing a ‘critical role’ in the energy transition from coal-fired power as envisioned by the government. For that vision to be concretized though, Jonathan Russell, executive vice president and chief commercial officer of...
The Department of Energy (DOE) has steered clear of any commitment to phase out coal-fired power plants in the Philippines, as stipulated in its pledge to the ongoing 26th Conference of the Parties (COP) Climate Change Summit in Glasgow, Scotland. In a formal correspondence to Alastair Totty,...
Transmission firm National Grid Corporation of the Philippines (NGCP) is scheduling P440 billion worth of investments that will be funneled to 211 projects to be concretized in a span of more than a decade. According to the company, the capital outlay will be spread over 13 years that will...
The energy crisis distressing major economies of the world has prompted the Department of Energy (DOE) to reassess its impact in the country primarily on highly probable ‘price shocks’ this may cause on the ‘energy transition to a low-carbon future’ that the government has been pushing for....
Despite repetitive cycle of power supply shortfalls during summer months, the Department of Energy (DOE) indicated that it is still pushing for the country’s energy transition pathway that will give preferential bias to clean energy resource developments. The DoE said it will be joining the...
