A cooperation agreement was inked between the governments of the Philippines and New Zealand to advance the common goal of fortifying geothermal energy developments which will anchor on technology for the country's energy transition agenda. The formal covenant, which is already the second tie-up...
EDC supplies green energy to bathroom fixtures firm By MYRNA M. VELASCO Clean power producer Energy Development Corporation (EDC) will flush out ‘dirty energy’ in washrooms, as it cornered bathroom fixtures company Hocheng Philippines Corporation, also known as HCG, as a new client that it will...
Geothermal industry players are exploring new ‘sweet spot’ that will invigorate fresh round of large-scale capital flow in this renewable energy (RE) investment space amid sluggish developments in this sector for roughly three years already. During the recent three-day conference of the...
Cebu-based steel manufacturing firm Chioson Development Corporation (CDC) has shifted power use into renewable energy (RE), and it signed up with Energy Development Corporation (EDC), to become its electricity service provider. According to EDC, which is a subsidiary of Lopez-led energy firm First...
Energy sales of Aboitiz Power Corporation got a boost of 40 megawatts (MW) following the signing of a new power supply agreement (PSA) with Pampanga Electric Cooperative II (PELCO II), the latest customer it cornered for its ‘Cleanergy’ brand. Aboitiz Power Logo In a statement to the media,...
Ayala-led AC Energy Corporation (ACEN) has built up its fresh capital flow to US$1.0 billion, after raising US$400 million new proceeds from its green bonds offering. ACEN Logo The company said it will use the proceeds of its latest capital raising activity to finance its new renewable energy (RE)...
The Philippine Bio-Industries Inc. (PBI), a major carrageenan exporter company, has inked a one-year power supply deal with First Gen Corporation, the country’s clean energy leader, for the latter to provide electricity generated from a renewable energy source. First Gen said the deal with PBI,...
In the cutthroat contest of the retail competition and open access (RCOA) regime of the restructured electricity sector, First Gen Corporation scored another win by cornering Manila Polo Club as its new retail power customer. First Gen will be supplying the electricity needs of the premiere leisure...
Lopez-led First Gen Corporation has beefed up anew its retail electricity market portfolio after signing up Menarco Development Corporation (Menarco), a company controlled by businessman Menardo Jimenez, as its new customer. The Lopez company said Menarco preferred sourcing its power needs from a...
Lopez-led Energy Development Corporation (EDC) listed on Friday (June 25) with the Philippine Dealing and Exchange Corporation (PDEx) the P5.0 billion first tranche of its ASEAN green bonds. The issue, which has been oversubscribed due to buoyed interest of investors, is part of the P15 billion...
Lopez-led Energy Development Corporation (EDC) will be injecting fresh investment of P7.0 billion for a 29-megawatt expansion project at its Bacon-Manito (BacMan) geothermal power facility in the Bicol region. The Palayan binary power facility’s advancement to construction officially broke ground...
After chiding the United States for technically snubbing the Philippines’ offer of energy investments, Energy Secretary Alfonso G. Cusi still tugged his way into courting American firms to pour in capital in geothermal as well as petroleum exploration projects being offered by the country. “We...
