The Government Service Insurance System (GSIS) expanded its investment in Citicore Renewable Energy Corp. (CREC) to ₱4.5 billion, completing a series of secondary-market purchases that finalized builder Megawide Construction Corp.’s exit from the solar producer. CREC disclosed to the...
Panay Energy Development Corp. successfully synchronized the third unit of its coal-fired power plant back to the Visayas power grid on Thursday, July 2, completing repairs ahead of schedule to help ease the prolonged electricity crisis in the region. In a statement, MGEN Thermal Energy Inc. said...
The Makati City government has launched the first phase of its renewable energy transition, with 11 major city-owned facilities now running entirely on clean power to reduce carbon emissions from government operations. The local government said the switching ceremony, held at Makati City Hall on...
Aboitiz Power Corp. broke ground on a 60-megawatt standalone battery energy storage system in Cebu, accelerating its grid-stabilization efforts in the region as more volatile renewable energy sources come online. Aboitiz Power Corp. said Wednesday, July 1 that the upcoming facility will be located...
Manila Electric Co. (Meralco) is reviving talks with a United States (US) nuclear startup to advance its small modular reactor ambitions, signaling a renewed push into alternative energy despite local opposition and regulatory hurdles. Ronnie Aperocho, Meralco executive vice president and chief...
Philippine firms face mounting pressure to adapt to worsening climate risks as recurrent flooding erodes productivity, threatens jobs, and drives businesses to relocate, prompting the World Bank to call for faster investments in resilient infrastructure, energy efficiency, as well as renewable...
The renewable energy (RE) arm of Aboitiz Power Corp. (AboitizPower) has expanded its solar portfolio with the completion of its 92.55-megawatt-peak (MWp) solar plant in Pangasinan province. In a statement on Tuesday, June 30, Aboitiz Renewables Inc. (ARI) said it had completed the San Manuel solar...
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...
