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...
Eliminating delays in the country’s power-related projects will be the ultimate goal of the proposed $60-million Millennium Challenge Corp. (MCC) threshold program, according to the Department of Finance (DOF), as it will fund the Energy Development Governance Efficiency Project. DOF Secretary...
The Department of Energy (DOE) has indefinitely suspended its landmark fifth round of the Green Energy Auction Program (GEA-5), dealing a temporary setback to the Philippines’ most ambitious offshore wind energy tender to date. The DOE issued an official advisory putting all activities and...
The government restored excise taxes on liquefied petroleum gas (LPG) and kerosene after global oil prices fell below the state-mandated threshold, ending the temporary tax holiday designed to shield consumers from high energy costs. The Bureau of Internal Revenue (BIR) announced on Wednesday, July...
The House prosecution panel has vowed to keep up the same level of "energy" that it has shown throughout Vice President Sara Duterte 's Senate impeachment trial. Thus, said solon-prosecutor Iloilo 3rd district Rep. Lorenz Defensor, as he patted the team 's back for its performance...
The Philippines remains energy insecure as its growing dependence on Middle Eastern crude oil and tightening power reserves leave the country increasingly vulnerable to global fuel supply disruptions as well as power supply risks, according to state-run think tank Philippine Institute for...
Demonstrating its unwavering commitment to sustainable development and community empowerment, renewable energy leader Vena Energy, together with its project companies across the Philippines, has mobilized resources and volunteers in support of the Department of Education 's (DepEd) annual...
ACEN Corp. agreed to sell a minority stake in an Indian wind farm to a Dutch investor. In a disclosure to the Philippine Stock Exchange on Monday, July 6, the renewable energy platform of the Ayala Group said it will divest a 49 percent stake in Diyos Renewables India Project Private Ltd. to...
If you look closely enough, today’s landscape tells a rather unsettling and ironic story: hillsides and mountainous terrains are being shaved bare, while fertile farmlands are steadily turned into endless rows of solar panels—as if we can run a country entirely on sunshine and somehow expect...
Luzon is positioned to become the primary engine of the Philippines’ renewable transition as the Department of Energy (DOE) oversees 11.7 gigawatts (GW) of awarded hydropower potential, driven largely by massive pumped-storage developments. Based on the latest DOE data, the country is expecting a...
