Citicore Renewable Energy Corp. (CREC) has secured the largest number of projects in the preliminary results of the Department of Energy’s (DOE) fourth Green Energy Auction (GEA-4). The DOE’s advisory listed CREC, along with Ramon Ang-led SMC Global Light and Power Corp. and Joy-Nostalg Solaris...
Renewable energy (RE) firm Alternergy Holdings Corp.’s wind unit has been granted a regulatory go-signal to link the 64-megawatt (MW) Alabat wind power project in Quezon province to the Luzon grid. In a statement on Monday, Aug. 4, Alternergy announced that the Energy Regulatory Commission (ERC)...
The Independent Electricity Market Operator of the Philippines (IEMOP) reported that electricity prices in the Wholesale Electricity Spot Market (WESM) have significantly dropped in the first half of 2025. This was due to better supply margins, transmission infrastructures, and the renewable energy...
The Department of Energy (DOE) has released its list of qualified bidders for the fourth round of the Green Energy Auction (GEA-4), which seeks bids for onshore wind, solar power, and energy storage system (ESS) projects. According to a filing on the DOE website, a virtual pre-bid conference for...
Renewable energy (RE) firm NexGen Energy Corp. has expressed interest in participating in the fifth round of the Green Energy Auction (GEA-5) of the Department of Energy (DOE). During the company’s annual stockholders meeting, officials said NexGen plans to register its offshore wind projects...
Aboitiz Power Corporation has announced its interest in participating in the Department of Energy 's (DOE) fourth round of the Green Energy Auction (GEA-4), aiming to significantly expand its renewable energy (RE) portfolio. Leo Lungay, Aboitiz Renewables, Inc. (ARI) vice president and general...
The Department of Energy (DOE) announced significant enhancements to the fourth round of the Green Energy Auction (GEA-4), including various capacity allocations and rescheduling of timelines to support the development of floating solar technologies in the country. In a statement on Thursday, June...
The Department of Energy (DOE) announced the 12 potential winning bidders for its third Green Energy Auction (GEA-3), which offers hydropower, pumped-storage hydropower, and geothermal energy contracts. In a notice of award posted on the website DOE on June 9, it listed two developers for...
Renewable energy (RE) developer Citicore Renewable Energy Corp. (CREC) has earmarked an even higher capital expenditures (capex) allocation for this year to support the goal to achieve its capacity-building projects for 2025. During the company ’s annual stockholders ’ meeting (ASM) on...
Holy Week brought solemn reflection to many—but for renewable energy (RE) investors, it delivered preliminary Energy Regulatory Commission (ERC) flagellation—that’s via a savage preview of green energy auction reserve (GEAR) prices that could nail their green dreams to the regulatory cross...
Source: Energy Regulatory Commission (ERC) The Energy Regulatory Commission (ERC) has dropped its preliminary verdict on reserve prices that will prospectively guide investors on forward decision whether or not to inject capital in the next wave of renewable energy (RE) capacities to be offered in...
The Department of Energy (DOE) has opened the fourth Green Energy Auction (GEA 4) through its newly released bidding framework. In a statement on Wednesday, March 12, the DOE unveiled the terms of reference (TOR) which lays out the technical, financial, and commercial requirements that would manage...
