Power utility giant Manila Electric Company (Meralco) has secured three contracts for a total of 500-megawatt capacity that will satiate its requirements for renewable energy (RE) supply portfolio as prescribed under the government-enforced Renewable Portfolio Standards. The tariffs cornered by the...
The renewable energy-based capacity contracting of Manila Electric Company (Meralco) which now hovers at 1,800 megawatts had so far exceeded its initial target of 1,500 megawatts. Its ramped up capacity of clean energy procurements, according to Meralco Vice President and Chief Sustainability...
Power utility giant Manila Electric Company (Meralco) is leading the race on compliance to the Renewable Portfolio Standards (RPS) with 1,880 megawatts of contracted renewable energy (RE) already secured in its supply portfolio. The power firm indicated that it was able to surpass its initial...
The Department of Energy (DOE) will be issuing guidelines for the "opt-in mechanism" of industry participants on procuring percentage of their required renewable energy-generated supply from a pool of government-awarded RE capacity under the green energy auction program (GEAP). In a draft Circular...
The Department of Energy (DOE) is planning a separate ‘auction call’ for the power supply agreements (PSAs) to be awarded to offshore wind investors via the Green Energy Auction Program (GEAP) of the government. According to Atty Marissa P. Cerezo, director of the Renewable Energy Management...
After chiding the United States for technically snubbing the Philippines’ offer of energy investments, Energy Secretary Alfonso G. Cusi still tugged his way into courting American firms to pour in capital in geothermal as well as petroleum exploration projects being offered by the country. “We...
