The integration of energy storage system in the forthcoming batch of renewable energy (RE) capacity auction will hike estimated reserve prices by P5.00 to P6.00 per kilowatt hour (kWh), according to the Department of Energy. Energy Undersecretary Rowena Cristina Guevara told reporters that the...
Hopes are raised for prospective discovery of new oil and gas resources in the country as well as for trailblazing native hydrogen ventures, with the eight qualified offers cornered by the Department of Energy (DOE) during an auction round concluded this week. In a statement to the media, the...
The Philippine government, through a proposal from the Department of Energy (DoE), will be seeking P10 billion worth of funding to bankroll energy efficiency initiatives being mandated for state-run entities. In an interview with reporters, Energy Undersecretary Felix William B. Fuentebella...
Ayala-led ACEN Corporation and its offshore partner firm PT Barito Renewables Energy Tbk (Barito Renewables) are poised to accelerate the commercial development of wind farm projects with 320-megawatt aggregate capacity across three project-sites in Indonesia. In a statement to the media, the...
With additional revenues to be drawn from geothermal assets that are coming on commercial stream, Lopez-led First Gen Corporation is expecting overall profit boost this year, according to a top executive of the company. First President and COO Francis Giles B. Puno indicated that at least 83...
While many Philippine corporates are just riding the green energy wave with empty rhetoric and some have been merely using "net zero pledges" as superficial propaganda tool in their business playbook, the genuinely serious ones are promising to re-assess commitments with concrete baselines and...
The Energy Regulatory Commission (ERC) has firmly laid down that longstop date provision in power supply agreements (PSAs) will no longer be accepted downright as ground for unilateral contract pre-termination; and the allowable timeframe for regulatory approval shall also be within 270 days or at...
With the scheduled submission of applications by Aug. 27, the Department of Energy (DOE) has raised hopes that it can corner acceptable tenders for offered hydrogen investments as well as upstream petroleum ventures, especially in the pioneering auction round for the Bangsamoro Autonomous Region in...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment platform of Meralco PowerGen of the Manila Electric Company group, has acquired 50% stake in the 450-megawatt (MWac) Bugallon solar farm project in Pangasinan that was under a service contract held by Singaporean firm Vena Energy....
The return of consumers from a long weekend drive could bring rush of excitement as oil prices are anticipated to be on hefty rollback by Tuesday, Aug. 27, to the tune of more than P1 per liter for some commodities, based on the preliminary estimates of the oil companies. As reckoned on the outcome...
The concept of “sustainability” has been gaining a lot of attention in recent years and continuous discussion on different frameworks, understanding, and best practices remain critical for businesses to achieve their sustainability goals. It is in reference to the United Nations (UN)...
Client-awardees of the Renewable Energy Enabler Awards (REENA) bestowed by ACEN Managing Director and COO for Philippine Operations Miguel de Jesus and Ayala Corporation Chief Sustainability and Risk Officer Jaime Urquijo. A scion of the Zobel-led conglomerate has called on businesses...
