With its power generation assets as income driver, this year’s first quarter earnings of Aboitiz Power Corporation jumped by 4.0% to P7.9 billion from year-ago level of P7.5 billion within comparative period in 2023. Without the non-recurring items, the company qualified that its profits would...
As part of his administration's goal for achieving a meaningful economic transformation , President Marcos has ordered the streamlining of the permitting processes for the country's infrastructure flagship projects (IFPs) to expedite their implementation. File photos Executive Secretary Lucas...
Filipino firm NexGen Energy Corp., a subsidiary of Tiu-led Pure Energy Holdings Corp. (PEHC) is planning to pursue initial public offering (IPO) to partly raise project funding for its targeted 2,350-megawatt renewable energy (RE) development pipeline. According to the company, its blueprinted...
President Marcos on Saturday, April 27, promised to bring in more investments and funding for infrastructure projects in Cebu to solidify its’ and Lapu-Lapu City’s status as the leading driver of economic growth and prosperity in the country. President Ferdinand 'Bongbong' Marcos Jr....
State-run Philippine National Oil Company (PNOC) has inked a preliminary deal with Singapore-based firm Moorfields Capital Pte Ltd for targeted deployment of aquavoltaic technology as one of the innovative solutions for the country’s energy future. The memorandum of understanding (MOU) was firmed...
Ayala-led ACEN Corporation will be rolling out $1.6 billion worth of capital for 1,600 megawatts (1.6 gigawatts) of greenfield renewable energy (RE) projects that it will be advancing at its home base in the Philippines, as well as in India and Australia. In a media briefing, ACEN President and CEO...
China-headquartered Trina Solar, which has suite of businesses on solar photovoltaics (PVs) and energy storage solutions, will be providing solar cell panels to underpin the commercial developments of the solar projects of PetroGreen Energy Corporation (PGEC), the renewable energy investment arm of...
Equity acquisition in existing renewable energy (RE) projects had driven up the net income of Yuchengco-led PetroEnergy Resources Corporation (PERC) by 9.0% last year to P944 million from P863 million in 2022. The corresponding portfolio boost, according to the company, likewise shored up its...
The Department of Energy (DOE) will be studying cost implications as well as supply reinforcement impact of the forthcoming innovations for energy storage systems (ESS) before integrating a pie of ‘renewable energy + ESS’ in the forthcoming green energy auction (GEAs) for RE projects. Energy...
Reinforcing the stream of ‘clean energy finance’ for emerging economies is seen as the major stimulus on concretizing the major commitments in last year’s climate change summit and must also top the agenda in this year’s COP29 in Baku, Azerbaijan. Dr Fatih Birol, executive director of the...
A new chapter in the professional métier of industry hotshot Emmanuel “Manny” V. Rubio will be unfolding soon, as whispers are getting louder on his appointment as the next chief executive officer of Meralco PowerGen (MGen), the power generation investment arm of Manila Electric Company...
The glue on the partnership of the Department of Energy (DOE) and Department of Science and Technology (DOST) has been solidified for the advancement of research and development (R&D) for suite of technological innovations, automation of data management processes as well as georisk mapping for...
