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 San Jose Green Energy Corp. (SJGEC) announced it has secured a half-billion-peso loan with Rizal Commercial Banking Corporation (RCBC) following the final stages of approval for its new solar power project in Nueva Ecija. In a disclosure to the Philippine Stock Exchange on Monday, June 16,...
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...
In an era where sustainability is no longer just a corporate trend but an urgent global priority, the Green Energy Option Program (GEOP) is proving to be a game-changer for businesses in the Philippines. With an impressive 98 percent retention rate in 2024, the program is delivering substantial...
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...
Data on power consumption, generation costs, and generation rates from 36 GEOP-registered meters A new study by The Climate Reality Project Philippines has revealed the significant benefits of renewable energy for Philippine businesses. By enabling companies to switch to 100 percent...
Following the launch of the third Green Energy Auction (GEA-3), the Department of Energy (DOE) announced that submitted offers for renewable energy (RE) technologies from qualified bidders exceeded the initial capacity target. In a statement on Wednesday, Feb. 12, the DOE reported that the total...
