Manuel V. Pangilinan-led Manila Electric Co. (Meralco) and its power generation arm are partnering with Vietnam-based VinEnergo Energy Joint Stock Co. (VinEnergo) to explore about five gigawatts (GW) worth of renewable energy (RE) projects in the Philippines. In a statement on Tuesday, June 23,...
For decades, the relationship between Filipino consumers and their electricity providers was entirely one-sided. If you lived in Metro Manila, you paid whatever the Manila Electric Co. (Meralco) billed you. If the summer heat strained the power plants feeding the high-voltage lines of the National...
SINGAPORE — The Philippines is among the countries best positioned to help meet Asia’s rapidly growing electricity needs, with its rich geothermal resources as well as expanding wind and solar sectors offering significant potential for renewable energy (RE) development, according to...
Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
The Asian Development Bank (ADB) is preparing a $10-million technical assistance (TA) grant to jump-start its newly launched Pan-Asia Power Grid Initiative, a flagship regional program aimed at expanding cross-border electricity trade and accelerating renewable energy (RE) integration across Asia...
Levanta Renewables Pte Ltd. has secured project financing and issued a formal notice to begin construction on a major solar and battery storage facility in the Philippines. In a statement, Levante said the Singapore-backed developer finalized financial close for the Barotac solar power and battery...
The Philippines is set to secure another $1-billion loan from the World Bank in June, this time for an energy project follow-through and coupled with a $20-million grant, making the package the largest single financing commitment extended to the country by the Washington-based multilateral lender....
Recent rotational brownouts in Luzon have highlighted the urgent need to modernize the country’s aging power grid, with state-run policy think tank Philippine Institute for Development Studies (PIDS) warning that transmission bottlenecks and delayed infrastructure projects are increasingly...
State-run Maharlika Investment Corp. (MIC), which manages the country ’s first sovereign wealth fund (SWF), has signed a cooperation agreement with key government energy agencies to modernize and rehabilitate the aging power transmission system of Mindoro Island, with officials aiming to...
While Earth Day may have passed, Aboitiz InfraCapital (AIC) continues to highlight a year of meaningful action across its business units—demonstrating how infrastructure can drive both environmental stewardship and inclusive progress. Guided by its purpose of building transformative...
A pro-solar energy congressman is prodding the government to protect consumers against fly-by-night solar power providers, even as the shift to this particular renewable energy (RE) becomes more palatable to Filipinos. Abra lone district Rep. JB Bernos, a member of the Committee on Appropriations,...
Ayala-led renewable energy (RE) firm ACEN Corp. announced that it has partnered with AllCard Inc. to power the latter’s operations using 100-percent clean energy. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, May 8, ACEN said its retail electricity arm, ACEN Renewable Energy...
