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...
Renewable energy (RE) firm Citicore Renewable Energy Corp. (CREC) is set to expand its solar presence in Pampanga and Nueva Ecija provinces after securing a loan from state-run Land Bank of the Philippines (Landbank). In a statement on Wednesday, July 15, CREC said it plans to add 82 megawatts-peak...
Inaugurating Phase I of the Meralco Terra (MTerra) Solar Project, President Marcos said it would help shield the Philippines from global energy supply shocks. During the inauguration led by Marcos and First Lady Liza Araneta-Marcos on Tuesday, July 14, in Gapan City, Nueva Ecija, the President said...
Meralco PowerGen Corp. (MGen) energized the first phase of its MTerra Solar facility on Tuesday, July 14, introducing an initial wave of renewable energy into the country’s main grid to help cushion consumers from peak nighttime electricity prices. The power generation arm of Manila Electric Co....
Aboitiz Power Corp.’s renewable energy arm plans to build a ₱8.4 billion wind farm in Ilocos Norte, expanding its clean energy footprint as the government pushes to transition away from fossil fuels. Based on documents submitted to the Department of Environment and Natural Resources’ (DENR)...
Social Security System (SSS) is earmarking ₱40 billion to finance a planned solar panel loan program that could benefit around 100,000 households. SSS President and Chief Executive Officer (CEO) Robert Joseph De Claro told reporters in a recent interview that the state-run pension fund is...
The Philippines is eyeing becoming the first country to develop native hydrogen as a power source, as Colorado-based Koloma Inc. is set to complete its exploration work before the end of the year. In a media briefing on Monday, July 13, Energy Secretary Sharon Garin reported that Koloma, a geologic...
If there is one thing that has united consumers in recent months, it is not a national holiday or a collective celebration: it is the shared shock and frustration of opening their electric bills. For the millions of subscribers of the Manila Electric Co. (Meralco), every billing cycle has become an...
Investments registered with the Board of Investments (BOI) increased by 21 percent to more than ₱460 billion in the first half of 2026, as projects in the renewable energy (RE) sector continue to dominate the country’s investment landscape. In a statement last week, the BOI said it approved...
Yuchengco-led PetroGreen Energy Corp. (PGEC) has secured a ₱635.90-million loan from sister company Rizal Commercial Banking Corp. (RCBC) to fund construction of a battery storage facility in the central Philippines. In a statement on Friday, July 10, PGEC said the partial funding agreement will...
Every day, the world depends on energy to power homes, buildings, devices, transportation, and digital technologies. In the modern age, energy has become an essential resource that drives economic growth and technological advancement. Yet behind this convenience lies a growing challenge: much of...
The Philippines’ sovereign wealth fund and its state-run oil company are exploring the construction of the country’s first strategic petroleum storage facility, aiming to shield the import-dependent nation from global energy market shocks. Maharlika Investment Corp. (MIC) and the Philippine...
