The Department of Energy (DOE) has announced the bidders for the third Green Energy Auction (GEA-3). In a statement, the DOE has identified 12 renewable energy (RE) developers slated for the bidding which would begin in February. The GEA-3 involves an auction for 4,475 megawatts (MW) worth of RE...
The Department of Energy (DOE) is encouraging investors to develop microgrid solutions to ensure reliable energy supply in underserved and unserved areas of the country. At the Microgrid Systems Provider (MGSP) Investment Forum on Tuesday, Jan. 28, Energy Undersecretary Rowena Christina Guevara...
Vivant Renewable Energy Corporation (VREC), a subsidiary of Vivant Corporation, has divested its stake in local solar power provider Buskowitz Energy Inc. (BEI). In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Jan. 28, VREC announced the completion of post-closing requirements...
Following a major investment by the Maharlika Investment Corporation (MIC) in the National Grid Corporation of the Philippines (NGCP), the Department of Energy (DOE) announced that this partnership aims to resolve ongoing delays in transmission and interconnection projects that have long plagued...
Renewable energy firm Citicore Renewable Energy Corp. (CREC) and San Miguel Global Light and Power Corp. (SGLP) plan to complete their solar plant project by 2026, with construction commencing this year. In a briefing, Oliver Tan, CREC president said that the 153.5-megawatt (MW) solar power project...
The Philippines, which has been clutching on Uncle Sam’s wallet for a lifeline, now stares down a 90-day funding freeze on President Trump’s order - proof that like a long-time lover, even foreign aid can ghost you without warning! Just how deep are these pockets? According to the foreign...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (Facebook) Cagayan de Oro City 2nd district Rep. Rufus Rodriguez was up in arms after his House colleague tried to cite draft documents during a recent motu proprio inquiry on the performance of...
China Banking Corporation (Chinabank) has partnered with ACEN Renewable Energy Solutions (ACEN RES), a subsidiary of the Ayala Group, to transition its two main facilities to clean energy. In a statement, the bank said the move is intended to reduce its carbon emissions and contribute to the...
FILE - Wind turbines at the Buckeye Wind Energy are diffused by heat vapors as they are silhouetted against the rising sun, Sept. 30, 2024, near Hays, Kan. (AP Photo/Charlie Riedel, File) A report out Thursday said a record 47 percent of the European Union's electricity came from renewable sources...
Basic Energy Corporation (BEC) is advancing its wind power project in Batangas by completing a Wind Resource Assessment (WRA). In a disclosure to the Philippine Stock Exchange on Wednesday, Jan. 22, BEC said it has received a comprehensive, bankable report and an Annual Energy Production (AEP)...
A disagreement over how much the government should pay to electrify remote areas in the country has caused the Energy Regulatory Commission (ERC) to delay funding requests from the National Power Corporation (NPC). The ERC announced that it deferred action on 14 applications from NPC for Universal...
Citicore Renewable Energy Corporation (CREC) announced it will launch nine solar projects in Batangas, Pampanga, Pangasinan, and Quezon Province this year, aiming to achieve one gigawatt (GW) of capacity annually. CREC President and CEO Oliver Tan shared in a briefing that the first of these...
