Listed firm AC Energy Corporation (ACEN) of the Ayala group and Filipino-owned CleanTech Global Renewables Inc. are eyeing a joint venture for the commercial development of the proposed 200-megawatt solar farm project in Lal-lo, Cagayan province. In a disclosure to the Philippine Stock Exchange...
The Department of Energy (DOE) is proposing to hike the increment of renewable energy (RE) installations under the Renewable Portfolio Standards (RPS) policy by more than double or 2.52 percent by year 2023. DOE Logo Under the original RPS rules, the yearly increment for RE installations had just...
There was some degree of frustration on the part of the renewable energy (RE) developers, as their widely anticipated capacity tendering under the Green Energy Auction Program (GEAP) has been delayed again from its August 31 timeline. DOE Logo The RE investors are ready to place their bets for the...
Energy officials have been casting the country as a ‘mecca for green energy investments’, but one vital anchor to that is project financing, hence, major local banks are seeking policies that will guide them on the shift of financial flows to clean energy ventures. In a virtual forum convened...
Listed firm Aboitiz Power Corporation had cast capital outlay of P190 billion that it will funnel to diverse renewable energy (RE) projects and up for implementation within a period of 10 years. For that scale of spending on greenfield projects, the company emphasized that its RE capacity under its...
The government is eyeing to corner P2.984 trillion worth of renewable energy (RE) investments in line with the country’s clean energy scenario (CES) pathway that it targets to concretize in a span of two decades. In an Energy Investment Forum, Director Jesus T. Tamang of the Department of...
The rules for the targeted green energy auction program (GEAP) will be laid down next month, according to the Department of Energy (DOE), but the actual bidding for renewable energy (RE) capacity installations will likely be undertaken second half of the year yet. Energy Assistant Secretary...
The chairperson of the National Renewable Energy Board (NREB), Atty. Monalisa C. Dimalanta, has resigned from her post effective March 31 this year and is reportedly eyeing a work in the private sector. According to highly placed sources, Dimalanta opted to give up her chairmanship at the RE body...
The Energy Regulatory Commission (ERC) is still firming up the pricing formula for the targeted ‘tariff ceiling’ that shall be instituted for the 2,000 megawatts of renewable energy (RE) capacity auction targeted by mid-June this year. Sharon Montaner, director of the Market Operations Service...
The gnawing coronavirus pandemic we’re wrestling with puts in view the fragility of any country – the crisis stirred up extreme socio-economic conundrum that will push not just government leaders but also the citizens to re-think policies and life choices moving forward. In the Philippines, the...
