MGen Renewable Energy Inc. (MGreen), a subsidiary of Manila Electric Company (Meralco), has completed its P15.9 billion acquisition of a controlling stake in SP New Energy Corporation (SPNEC). This comes after the Securities and Exchange Commission (SEC) approved the amendment to SPNEC’s articles...
As a follow up to the three electric models it launched last year, Mercedes-Benz Philippines, now known as IC Star Automotive Inc., offers a carbon-free way to move about in the form of the latest EQS all-electric vehicle. As the name implies, the EQS is the all-electric counterpart of the...
The feed-in-tariff allowance (FIT-All) fund is seen teetering on deficit by February billing, hence, that prompted the Energy Regulatory Commission (ERC) to re-impose next month the collection of the P0.0364 per kilowatt hour (kWh) subsidy for the qualified renewable energy (RE) projects. “As the...
The Department of Energy (DOE) has started publishing the national average for unbundled rates of the electricity vehicle charging stations (EVCS) so these can duly guide consumers on their patronage of this emerging transport system in the country. In the segregated EV charging station (EVCS)...
French multinational company Schneider Electric is stepping up on its offer of internet of things (IoT) or digital solutions to industries and manufacturing facilities in the Philippines, so they can optimize efficiency in their business operations. According to Atty. Norman Roland Ocana III, head...
From left: Toti Zara III, AC Motors President; Edmund A. Araga, EVAP President; and Patrick Aquino, DOE-EUMB Director, with the BYD Atto 3. The Electric Vehicle Association of the Philippines (EVAP) has chosen the BYD Atto 3 as its official vehicle. Renowned for its cutting-edge electric vehicle...
The magnitude of loans extended by the National Electrification Administration (NEA) to the electric cooperatives (EC) surpassed P1.0 billion mark last year, according to the government-owned agency. In a statement to the media, NEA emphasized that at least 28 electric cooperatives (ECs) availed of...
An increase of P0.0846 per kilowatt hour (kWh) in the January billing cycle of Manila Electric Company (Meralco) will bring slight squeeze in the pockets of its roughly 8.0 million customers in the initial month of this year. The power utility firm announced that its tariff will climb to P11.3430...
Power distribution giant Manila Electric Co. (Meralco) has started a competitive bidding process to secure additional supply ahead of the expected surge in demand during the upcoming dry months. In a statement, Meralco said the competitive selection process (CSP), a type of competitive public...
The Lexus LF-ZC What would the future battery electric vehicles look and drive like? Lexus attempts to answer this question with two concepts unveiled at the recent Japan Mobility Show 2023. The answer is an all-new architecture that brings together state-of-the-art software and hardware platforms...
Tycoon Manuel V. Pangilinan has assumed the leadership of SP New Energy Corp. (SPNEC) following the completion of Manila Electric Co.'s (Meralco) investment in the renewable energy firm. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Dec. 27, SPNEC has announced that MGen...
Tycoon Manuel V. Pangilinan has taken over the helm of SP New Energy Corporation (SPNEC) after Manila Electric Company (Meralco), through MGen Renewable Energy (MGreen), completed its acquisition of a controlling stake in the solar energy firm for P15.9 billion. In a disclosure to the Philippine...
