Following the Department of Energy’s (DOE) rejection of its force majeure plea, Pangilinan-led SP New Energy Corporation (SPNEC) is now looking for an alternative site for the development of the 280-megawatt Nueva Ecija solar farm project it won under the first round of the green energy auction...
The Department of Energy (DOE) will allot a lead time of at least eight months as preparation time for the targeted bid submission of investors under the planned green energy auction (GEA) for offshore wind capacities by next year. According to Energy Undersecretary Rowena Cristina Guevara, the...
Ayala-led ACEN Corporation and its offshore partner firm PT Barito Renewables Energy Tbk (Barito Renewables) are poised to accelerate the commercial development of wind farm projects with 320-megawatt aggregate capacity across three project-sites in Indonesia. In a statement to the media, the...
In do-or-die matches, records and rankings are cast aside. What truly counts is resolve, poise and resilience. Capital1 is hoping to catch a big fish in the PVL quarterfinals. (PVL Images) And Capital1 hopes to bank heavily on the team’s new-found confidence when it battles No. 2 Cignal while...
NEWCASTLE, Australia (AP) — An ambitious plan to build a massive solar farm in remote northern Australia that would transmit energy by submarine cable to Singapore is a step closer after the Australian government granted environmental approvals for the 30 billion Australian dollar ($19 billion)...
Giant lender BDO Unibank Inc. has extended P5.6 billion project funding to the 197-megawatt Tuy solar project of Saavedra-led Citicore Renewable Energy Corporation (CREC), a Filipino firm that is calculatedly cementing its stature to become the biggest solar farm developer in the country with its...
On account of higher finance charges that it incurred due to direct equity acquisitions, the net income of Yuchengco-led of PetroEnergy Resources Corporation (PERC) had declined 11% to P527 million in the first half of the year from heftier P591 million in the same period last year. The company...
TAIPEI – The Department of Energy (DOE) is seriously pondering over a two-pronged investment approach on the development of transmission infrastructure facilities that will support gigawatt-scale offshore wind installations in various parts of the country. According to Energy Undersecretary...
With new solar and wind farm capacities coming on stream, the net income of international project developer ACEN Corporation climbed 49% to P6.3 billion in this year’s first half from the year-ago level of P4.23 billion. The Ayala-led firm indicated that its earnings factored in P1.4 billion...
PLDT bounced back in dominant fashion after sweeping Farm Fresh, 25-20, 25-23, 25-23, to wrap up its Pool A assignments in the Premier Volleyball League (PVL) Reinforced Conference Thursday, Aug. 8, at the PhilSports Arena in Pasig City. PLDT High Speed Hitters bounce back in dominant fashion. (PVL...
Local farm output declined in the second quarter of the year due to a prolonged dry spell caused by El Niño, data from the Philippine Statistics Authority (PSA) showed. The PSA reported that the value of the country's agricultural production totaled P413.91 billion from April to June, a 3.3...
Megaworld Corporation, the flagship real estate firm of tycoon Dr. Andrew Tan, is investing P12 billion to develop a 25-hectare integrated active wellness township through a partnership with the group behind The Farm at San Benito in Lipa, Batangas. In a statement, Megaworld said San Benito Private...
