President Marcos and former Japanese Prime Minister Kishida Fumio reaffirmed cooperation between the Philippines and Japan on energy transition and resilience, as global instability continues to disrupt supply systems. Kishida, now serving as Supreme Adviser to the Parliamentary Association of the...
TotalEnergies SE and local developer Nextnorth Energy have commenced construction on a 440-megawatt solar power plant in the north after securing what they described as the largest international financing package for a photovoltaic project in the country to date. In a statement, TotalEnergies said...
The Philippines rolled out one of the most extensive policy responses in Asia-Pacific to cushion the impact of global oil price and supply shocks, even as the country recorded among the steepest increases in fuel prices in the region, according to the Manila-based Asian Development Bank (ADB). An...
BDO Unibank, Inc. (BDO), the Philippines’ largest bank, has committed ₱75 billion to support Prime Infrastructure Capital Inc.’s (Prime Infra) development of two major pumped storage hydroelectric power facilities in Rizal and Laguna—investments that reinforce BDO’s role as a strategic...
SteelAsia Manufacturing Corporation has signed a contract with Buskowitz Energy for the Compostela Works Solar Rooftop Project in Cebu, an 8 MWp installation set to become the largest single-roof rooftop solar system in heavy industry in the Philippines. The project will cover approximately 65,560...
The country 's buffer stock in fuel has increased, Malacañang reported. According to the Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) Committee, the country 's fuel buffer stock is now up to 54 days, from 52. “Sa ngayon ang buffer stock ng supply ng langis ay...
The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
Intensifying geopolitical tensions in the Middle East have prompted Aboitiz Power Corp. (AboitizPower) to reinforce its strategic shift toward domestic renewable energy (RE) and implement stringent fuel procurement stress testing to protect consumers from potential supply disruptions and global...
The Department of Energy (DOE) expects a stable power supply through May even as the Luzon grid recently teetered on the edge of a shortage, provided the nation’s aging thermal power plants remain operational during the peak of the dry season. Energy Undersecretary Rowena Guevara said on Monday,...
ACEN Corp., the renewable energy arm of the Ayala group, warned that a strategy relying exclusively on green energy may be insufficient to safeguard the country against surging summer demand and volatile electricity prices. Speaking at a media briefing, Eric Francia, ACEN president, said that while...
The Philippines faces a surge in demand for cooling systems as temperatures climb, yet persistent policy gaps and a heavy reliance on coal threaten to undermine the nation’s energy security and climate targets, according to the ASEAN Centre for Energy (ACE). The country’s power grid, already...
With Filipino consumers already reeling from punishing summer power bills, it’s time to confront an uncomfortable truth: the ₱0.0371/kWh GEA-All charge surreptitiously embedded in electricity rates is not anchored on solid statutory footing under Republic Act 9136 (EPIRA) or the Renewable...
