French firm TotalEnergies has confirmed the sale of its downstream oil retail network to Filoil Corp. of businessman Raffy Villavicencio, but it indicated that it will continue its fuel trading activities as well as planned foray into renewable energy (RE) investments. “TotalEnergies completed...
Renewable energy (RE) infrastructure, particularly those focused on transmission and distribution, is poised to be the country’s most lucrative investment magnet in the near future. HSBC Hong Kong Global Financing Solutions Director Max Thomas had this to say, as he noted that the...
The Department of Energy (DOE) has announced that the Philippine Energy Plan (PEP) will not be revised this year, despite ongoing efforts to advance energy development and enhance security and reliability. On the sidelines of PhilEnergy Expo 2025, Michael Sinocruz, director of the DOE’s energy...
Basic Energy Corp. (BEC) has received a certificate of authority (COA) from the Department of Energy (DOE) for its Mariveles solar power plant, enabling expedited permit processing and procurement activities. In a disclosure to the Philippine Stock Exchange on Wednesday, March 19, BEC stated that...
The Energy Regulatory Commission (ERC) has urged consumers and other industry players to be cautious of fake ERC seals, stickers, and false meter test reports. In a statement, the ERC noted that some electric meters are being sold in physical and online stores without its approval, while some of...
Yuchengco-led PetroGreen Energy Corp. (PGEC) reported that its subsidiary BKS Green Energy Corp. is set to bring additional renewable energy (RE) to the Luzon grid by breaking ground on its solar project in Isabela. In a disclosure to the Philippine Stock Exchange on Tuesday, March 18, PGEC said...
The Energy Regulatory Commission (ERC) has released the initial setting of the installed generating capacity (IGC) and the market share limitation (MSL) per grid and national grid for this year as a way to promote free and fair competition in the power industry. In a statement on Monday, March 17,...
MGen Renewable Energy Inc. (MGreen), through its subsidiary unit SP New Energy Corp. (SPNEC), announced that Singapore-based Actis Rubyred Pte. Ltd. has closed its investment stake in Terra Solar Philippines Inc. In a statement on Monday, March 17, Meralco PowerGen Corp. (MGen) reported that...
SP New Energy Corporation (SPNEC), a solar power producer controlled by Manila Electric Company (Meralco) through Meralco Power Gen Corporation (MGen), looking at developing another massive solar farm in Southern Luzon. In an interview, Meralco Chairman Manuel V. Pangilinan said SPNEC is putting up...
HOUSTON —TerraPower, a nuclear energy company founded by American billionaire Bill Gates, has announced a partnership with engineering solutions firm KBR Inc. to deploy its Natrium-based small modular reactor (SMR) technology to energy markets around the world. TerraPower said, “Natrium...
HOUSTON – The world is going all-in on tripling nuclear power capacity by 2050, and at the forefront of this grand race are Silicon Valley’s hyperscalers and global corporate behemoths that have been wagering heavily on uranium-powered fleets to supercharge artificial intelligence (AI)...
The Energy Regulatory Commission (ERC) has approved power supply agreements (PSAs) between San Miguel Global Power Holdings Corp.’s (SMGP) newly acquired coal power plant and two electric cooperatives (ECs). In a notice posted by the ERC, Southern Leyte Electric Cooperative (SOLECO) and Leyte III...
