Alternergy Holdings Corporation, a pioneer in renewable energy (RE) development in the country, will shell out P20 billion worth of capital expenditures (capex) on projects under construction phases over the next three to five years. According to Alternergy President Gerry P. Magbanua, the company...
The Department of Energy (DOE) is seriously weighing the possibility of marrying offshore wind with hydrogen in the coupling of technology innovation that shall be cast in the updated Philippine Energy Plan (PEP), the blueprint of the country’s energy future that will be released this year....
The Philippine government, through the intensifying capital-enticements being pursued by the Department of Energy (DOE), sees an influx of foreign direct investments (FDIs) in the country’s flourishing renewable energy (RE) sector, largely offshore wind projects -- currently the ‘rising star’...
With the imprimatur of President Ferdinand Marcos Jr., the Department of Energy (DOE) said it will now go ahead in crafting the regulation framework for billion-dollar investments being wooed for offshore wind industry development. “The President has given the greenlight to proceed and firm up...
The World Bank said the thriving big-ticket offshore wind (OSW) projects in the Philippines should attract major investments in manufacturing, especially for products and equipment that will support deployment of technology installations in the renewable energy (RE) space. Mark Leybourne, Offshore...
Alternergy Holdings Corporation, a Filipino-led pioneer renewable energy (RE) company via its subsidiary Pililla AVPC Corporation (PACO) and Shell Overseas Investment B.V. have formally sealed their "investment marriage" for prospective offshore wind farm development at the Calavite Passage in...
The Department of Energy (DOE) expects up to P9.0 trillion worth of investments if all prospective projects in the offshore wind (OSW) development sector will reach commercial operations phase. According to Energy Secretary Raphael P.M. Lotilla, there are already 42 service contracts (SCs) awarded...
The Department of Energy (DOE) is pushing for the issuance of an Executive Order (EO) to create a one-stop shop permitting process for offshore wind power projects to stimulate capital flow into that segment of the renewable energy (RE) sector. Energy Secretary Raphael Lotilla cited the importance...
Pililla AVPC Corporation (PACO), a subsidiary of Alternergy which was founded by former Energy Secretary Vincent S. Perez, has been awarded with a new renewable energy service contract by the Department of Energy (DOE) for its targeted offshore wind farm installation within Calavite passage in...
Zamora-led Emerging Power Inc. (EPI), the renewable energy subsidiary of Nickel Asia Corporation, has inked a joint venture agreement with Shell Overseas Investments B.V. for the targeted developments of up to 3,000 megawatts of renewable energy (RE) installations in the Philippines, primarily in...
Ayala-led ACEN Corporation will be developing offshore wind power projects in the Philippine energy market as well as in Vietnam, according to company Chief Development Officer Jose Maria Zabaleta. “Offshore wind is one of the technologies we’re currently exploring. We have identified possible...
Meralco PowerGen Corporation, a power generation subsidiary of Manila Electric Company (Meralco), will be tapping foreign partners for targeted investments in offshore wind farm installations. “We are very interested in offshore wind. These are huge investments, there are huge tracts of offshore...
