The Department of Energy (DOE) is awaiting policy updates from the Department of Environment and Natural Resources (DENR) to reassess the transition of coal power facilities to renewable energy (RE). Speaking at the Media Kapihan on Energy Investment in the Philippines last week, Energy...
The escalating tensions in the Middle East, which are expected to drive up fuel prices significantly, should prompt the Philippines to accelerate its transition to renewable energy (RE), according to a trade envoy. George Freeman, the United Kingdom’s (UK) trade envoy to the Philippines, said...
As the country intensifies its shift to renewable energy, a recent power outage in Europe served as a cautionary tale, with a British clean energy firm suggesting that grid infrastructure, not just renewable capacity, is key for a stable power future. In an interview with Manila Bulletin, Naked...
Offshore wind investors from Spain, the United Kingdom, as well as other European countries are already storming out of the door when it comes to their targeted investments in the Philippines’ offshore wind sector, a highly placed source has affirmed. The source conveyed that “many European...
The Philippine Air Force (PAF) said it is still pursuing the acquisition of multi-role fighter (MRF) aircraft, despite having already procured new FA-50 fighter jets earlier this month. PAF spokesperson Colonel Ma. Consuelo Castillo said the proposed MRF acquisition, which falls under the...
Ayala-led ACEN Corp. is offloading its diesel plants to fully embrace renewable energy (RE) into the company. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, June 17, ACEN said it has sold its ownership of three diesel plants, located in the northern parts of Luzon, to AC Energy...
The Department of Energy (DOE) announced significant enhancements to the fourth round of the Green Energy Auction (GEA-4), including various capacity allocations and rescheduling of timelines to support the development of floating solar technologies in the country. In a statement on Thursday, June...
Ayala-led Bank of the Philippine Islands ' (BPI) supporting inclusion, nature, and growth (SINAG) bonds now hold the record as the largest peso bond issuance to date. In a listing ceremony on Tuesday, June 10, BPI SINAG bonds were officially listed on the Philippine Dealing & Exchange Corp....
Renewable energy (RE) developer Citicore Renewable Energy Corp. (CREC) has earmarked an even higher capital expenditures (capex) allocation for this year to support the goal to achieve its capacity-building projects for 2025. During the company ’s annual stockholders ’ meeting (ASM) on...
The 'hotness ' of the Philippines for renewable energy investments may be losing its sizzle. Some foreign investors are now quietly slipping out the back door, leaving behind whispers of uncertainty, a trail of unanswered questions about what went wrong, and a half-empty plate of missed...
In a continuing push to improve the power situation in off-grid communities, the Department of Energy (DOE) and the Asian Development Bank (ADB) are collaborating on a program to upgrade the off-grid systems of the National Power Corp. (NPC). During the Asian Clean Energy Forum (ACEF), Energy...
Lopez-led First Gen Corporation (FGen) is hoping for proactive reforms in the country’s current power policies to help encourage investors to push for renewable energy (RE). During the Annual Stockholders Meeting on Thursday, May 29, FGen President Francis Giles Puno said that certain regulations...
