In the prevailing, highly volatile political climate—exacerbated by maritime bullying in the West Philippine Sea that creates an air of uncertainty—it is only natural for foreign investors to take a risk-averse stance toward the country. Yes, Virginia, while the President has been going around...
PT Barito Renewables Energy has submitted an unsolicited proposal to acquire Energy Development Corp. (EDC) in a transaction that values the equity of the Philippines’ premier geothermal producer at approximately ₱308 billion. The development, which could be one of the largest potential clean...
Repower Energy Development Corp. (REDC) is expanding its footprint in the Visayas through a joint ₱3.9 billion transaction to acquire a major hydropower facility, according to a stock exchange filing on Thursday, May 28. The renewable energy developer, alongside Tokai Corp. and Sustainable Energy...
The majority faction of the Lopez family has escalated its corporate battle for control of their business empire, claiming to have uncovered a third “poison pill” provision designed to entrench First Philippine Holdings Corp. (FPH) Chairman and Chief Executive Officer Federico “Piki” R....
Repower Energy Development Corp. (REDC) surged ahead with its expansion strategy as the company’s board approved the acquisition of a new subsidiary to spearhead hydropower projects in Mindanao. In a disclosure to the Philippine Stock Exchange on Friday, April 24, REDC said the renewable energy...
Lopez-led First Gen Corp. posted a rebound in earnings in 2025, driven by stronger hydropower generation that helped offset weaker contributions from its geothermal business. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, March 25, First Gen said its attributable recurring net...
The Bank of the Philippine Islands (BPI) extended a ₱6.1 billion project finance facility to Cornerstone Energy Development Inc. (CEDI), a subsidiary of Aboitiz Renewables Inc., marking the lender’s latest move to solidify its position in the sustainable finance market. BPI said the funding...
Energy Development Corp. (EDC), the Lopez Group 's renewable energy arm, has maintained its top-tier financial standing, receiving the highest PRS Aaa credit rating with a Stable Outlook from Philippine Rating Services Corp. (PhilRatings) for its ₱12.5 billion in outstanding Fixed-Rate ASEAN...
Lopez-led Energy Development Corp. (EDC) has announced a new joint venture in Indonesia to develop 440 megawatts (MW) of renewable energy. In a statement, ECD said its subsidiary, PT FirstGen Geothermal Indonesia, has partnered with the Indonesian geothermal firm PT DSSR Daya Mas Sakti (DSSR), a...
Lopez-led Energy Development Corp. (EDC) is planning to invest ₱13 billion to expand its geothermal energy portfolio as part of its ongoing efforts to scale up renewable energy capacity. In an interview with EDC President and Chief Operating Officer Jerome Cainglet, he explained that the company...
Lopez-led Energy Development Corp. (EDC) plans to expand its geothermal fleet by approximately 90 megawatts (MW) over the next five to six years following the recent inauguration of its 22-MW Tanawon geothermal plant. In an interview, EDC President and Chief Operating Officer Jerome Cainglet said a...
SORSOGON CITY – Lopez-led First Gen Corp. (FGen), through its renewable energy subsidiary Energy Development Corp. (EDC), launched the 22-megawatt (MW) Tanawon geothermal power plant on Friday, Aug. 1, to bolster the country 's clean baseload capacity. “This is not only a proud achievement...
