Consumers may feel some relief at the start of the new year, as the Energy Regulatory Commission (ERC) has instructed private distribution utilities (DUs) to refund P1.18 billion. In a statement, the ERC said this refund stemmed from unused expenses intended initially for technical experts during...
Macquarie-led Blueleaf Energy Philippines has selected two Chinese energy companies as potential Engineering, Procurement, and Construction (EPC) contractors for its floating solar projects in Laguna. Pradeep Gopalakrishnan, Blueleaf senior project manager, said that these companies are Xian...
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...
The Energy Regulatory Commission (ERC) has denied the request of Manila Electric Company (Meralco) and San Miguel-led Masinloc Power Co. Ltd. (MPCL) to begin their Power Supply Agreement (PSA) ahead of schedule. In a statement, the ERC determined that awarding provisional authority for their PSA is...
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...
Nabas, Aklan — To address the growing demand for power in the province, Yuchengco-led PetroWind Energy Inc. (PWEI) announced the development of additional wind turbines and a new transmission line by the National Grid Corporation of the Philippines (NGCP). In a briefing, Jayson Abaniel, PWEI...
The Energy Regulatory Commission (ERC) has approved the 15-year Power Supply Agreement (PSA) between Manuel V. Pangilinan-led Manila Electric Company (Meralco) and Excellent Energy Resources, Inc. (EERI), a subsidiary of SMC Global Power. In a statement on Friday, Dec. 13, ERC Chairman and Chief...
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 Energy Regulatory Commission (ERC) has approved the Capas substation proposed by the National Grid Corporation of the Philippines (NGCP) to manage the connection of New Clark City (NCC) to the grid. In a statement, the ERC said this approval will help address load growth in Capas, which is...
