The Philippines, still under a state of national energy emergency, has secured a record $1.02-billion World Bank Group (WBG) financing package to help lower electricity costs, accelerate renewable energy (RE) adoption, and strengthen water services nationwide. In a press release dated June 25 and...
Motorists may need to shop around for the oil companies offering the lowest price adjustments this week, as the Department of Energy (DOE) announced a wide range of price movements for the end of June. Effective Tuesday, June 30, gasoline prices are expected to either decline by as much as ₱0.10...
If passing laws were an Olympic sport, last year’s Senate would have taken home the gold. The bill creating the Philippine Atomic Energy Regulatory Authority (PhilAtom) breezed through its third and final reading in a single day—and without a single interpellation on the floor. By all...
The Energy Regulatory Commission (ERC) is preparing to penalize power generation companies in Visayas whose prolonged plant shutdowns have triggered persistent yellow grid alerts and threatened the regional power supply. ERC Chairperson Francis Saturnino Juan said in an interview last week that the...
The Asian Development Bank (ADB) has approved an up to $30-million equity investment in a regional infrastructure fund that will bankroll projects, including those in the Philippines, to support energy transition and digital infrastructure in Southeast Asia. Documents showed that the Manila-based...
Investment czar and Department of Finance (DOF) Secretary Frederick D. Go is advancing the development of what is expected to become the Philippines’ and Southeast Asia’s first offshore wind farm, reinforcing the Marcos administration’s push to attract large-scale renewable energy (RE)...
Yuchengco-led PetroGreen Energy Corp. (PGEC) advanced three major clean energy projects closer to full commercial operations after securing regulatory and market approvals over the past two months. In a statement on Friday, June 26, the company announced that its subsidiary, PetroWind Energy Inc.,...
The Philippines has secured approval for a new grant from the United States (US) aid arm Millennium Challenge Corp. (MCC) to support energy-sector reforms, providing a fresh boost to the Marcos Jr. administration’s efforts to strengthen energy security while the country remains under a state of...
WASHINGTON (AP) — As the world tries to curb human-caused climate change and not run dry of water, every online query is increasing our environmental footprint and exacerbating the problem. Artificial intelligence and the data centers they require use growing amounts of energy and are water hogs...
SP New Energy Corp. (SPNEC) is pursuing its backdoor listing with renewable energy (RE) unit MGEN Renewable Energy Inc. (MGreen), a year after announcing its plans for asset injections. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, June 25, SPNEC said it has approved an...
Manuel V. Pangilinan-led Manila Electric Co.’s (Meralco) solar subsidiary has partnered with two Japan-based companies to develop solar projects for industrial facilities in the Philippines. In a statement on Thursday, June 25, MSpectrum Inc. said it secured a joint venture (JV) agreement with...
PetroEnergy Resources Corporation (PERC) has scheduled its Annual Stockholders’ Meeting (ASM) on July 28, 2026, at 4:00 p.m., to be conducted virtually through online and remote communication facilities under the supervision of the meeting’s presiding officer. Stockholders of record as of May...
