MGen Renewable Energy Inc., the clean-energy arm of Meralco PowerGen Corp., is planning to participate in the government’s upcoming Green Energy Auction program as part of its strategy to expand its clean power portfolio. Dennis Jordan, MGreen president and chief executive officer said in an...
The Department of Energy (DOE) opened the application window for its delayed offshore wind auction, kickstarting a multi-gigawatt procurement process intended to accelerate the country’s transition toward clean power generation. Under the revised timeline for the fifth round of the Green Energy...
The Department of Energy expects surge of private sector investment as it rolls out its initial auction for waste-to-energy projects, moving to alleviate an ongoing power crisis that has strained the country’s electrical grid. The bidding round, designated as the sixth Green Energy Auction...
As the country’s second-largest tax collection agency takes on the challenge of reaching an elusive ₱1 trillion this year, the Bureau of Customs (BOC) has taken a major step to improve its operations by mandating that all revenue-generating auctions and condemnation activities be broadcast...
The Department of Energy (DOE) is expanding its renewable energy push in Mindanao, preparing to offer the private sector five times the capacity of earlier rounds in an upcoming auction In a statement on Friday, April 17, the DOE announced the seventh round of the Green Energy Auction program...
Malacañang said the government’s auction of seven luxury vehicles seized from the Discaya contractor couple is concrete proof that President Marcos’ anti-corruption campaign is already producing results, with proceeds expected to flow straight to the national treasury. In a press briefing on...
NEW YORK (AP) — A Gustav Klimt portrait painting sold Tuesday for $236 million, a record for a modern art piece, at an auction where a solid gold, fully functional toilet satirizing the ultrarich also fetched $12.1 million. The toilet, by Maurizio Cattelan — the provocative Italian artist...
Citicore Renewable Energy Corp. (CREC) has secured the largest number of projects in the preliminary results of the Department of Energy’s (DOE) fourth Green Energy Auction (GEA-4). The DOE’s advisory listed CREC, along with Ramon Ang-led SMC Global Light and Power Corp. and Joy-Nostalg Solaris...
Renewable energy (RE) firm Alternergy Holdings Corp.’s wind unit has been granted a regulatory go-signal to link the 64-megawatt (MW) Alabat wind power project in Quezon province to the Luzon grid. In a statement on Monday, Aug. 4, Alternergy announced that the Energy Regulatory Commission (ERC)...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported that electricity prices in the Wholesale Electricity Spot Market (WESM) have significantly dropped in the first half of 2025. This was due to better supply margins, transmission infrastructures, and the renewable energy...
The Department of Energy (DOE) has released its list of qualified bidders for the fourth round of the Green Energy Auction (GEA-4), which seeks bids for onshore wind, solar power, and energy storage system (ESS) projects. According to a filing on the DOE website, a virtual pre-bid conference for...
Renewable energy (RE) firm NexGen Energy Corp. has expressed interest in participating in the fifth round of the Green Energy Auction (GEA-5) of the Department of Energy (DOE). During the company’s annual stockholders meeting, officials said NexGen plans to register its offshore wind projects...
