SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, has signed an agreement with TeaM (Philippines) Energy Corporation (TPEC) for the installation of over 33,000 square meters of solar panels on the rooftops of four SM malls. In a disclosure to the Philippine Stock...
The Department of Energy (DOE) announced an increase in renewable energy (RE) integration, with new capacity added to the grid last year exceeding the total installed over the past three years. In a statement released on Tuesday, Feb. 11, the DOE reported that 794.34 megawatts (MW) of new RE...
The Independent Electricity Market Operator of the Philippines (IEMOP) expects an increase in Renewable Energy Certificate (REC) issuance, driven by the ongoing Green Energy Auction Program (GEAP). Chris Warren C. Manalo, assistant manager of IEMOP’s market simulation and analysis division,...
Saavedra-led Citicore Energy REIT Corporation (CREIT), the country’s first renewable energy (RE) real estate investment trust, has been assigned a strong Issuer Credit Rating of PRS Aa plus (corp.), with a Stable Outlook by Philippine Rating Services Corporation. An Issuer Credit Rating is an...
A total of 149 power generation and transmission projects have received the Certificate of Energy Projects of National Significance (CEPNS) from the Department of Energy (DOE), assuring them of priority processing and faster permit approvals. In a statement on Monday, Feb. 10, the DOE said these...
If you dismiss the impeachment saga of Vice President Sara Duterte as just another rerun in the Philippine political circus, think again - because while we may be desensitized to that kind of drama, foreign investors are watching with sharp eyes, questioning the country’s political stability and...
The Department of Energy (DOE) shared that financial partnerships and government support will play a key role in de-risking geothermal exploration in the country, as its costs are expected to decrease over the next 20 years. During a University of the Philippines (UP) lecture on the country's...
The Department of Energy (DOE) said it will release the Terms of Reference (TOR) for the fourth Green Energy Auction (GEA-4) this month, which includes the Integrated Renewable Energy Storage System (IRESS). The TOR will outline the auction's specific provisions and procedures, covering technical,...
ACEN RES, the retail electricity supply unit of the Ayala group, was recognized for its Outstanding Achievement in Marketing Communications (Enterprise Category) during the 43rd Agora Awards held at the Manila Marriott Hotel. ACEN RES, the retail electricity supply unit of the Ayala group, has been...
Ayala-led ACEN Corp. announced Tuesday, Feb. 4, that it has increased its stake in its subsidiary, Belenos Energy Corporation, to bolster its renewable energy (RE) portfolio. In a disclosure to the Philippine Stock Exchange, ACEN said it signed a subscription agreement worth ₱392 million to...
Philreca Party-list Rep. Presley de Jesus (left), Santa Rosa City lone district Rep. Dan Fernandez (PPAB) The Energy Regulatory Commission's (ERC) past "failure" to carry out a timely rate reset--which had been detrimental to...
Citicore Renewable Energy Corp. (CREC) is selling a portion of its shares to PT Pertamina Power Indonesia (PNRE) to fund its renewable energy (RE) projects in the Philippines and Indonesia. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Jan. 31, CREC announced that Citicore Power...
