The Energy Regulatory Commission (ERC) will issue ‘green energy tariff” that shall serve as the basis for the acceptable price tender for the 4,199 megawatts of non-feed in tariff (non-FIT) renewable energy (RE) capacities that shall be offered this year by the Department of Energy (DOE) under...
The clock is ticking for the Philippines to transition to a clean energy future. The Department of Energy, through the National Renewable Energy Program 2020-2040, aspires to increase the share of renewable energy in the country’s power generation mix to 35 percent by 2030 and 50 percent by...
Chinese firm SUMEC Complete Equipment and Engineering Co. Ltd. had been engaged by MGen Renewable Energy, Inc. (MGreen), a renewable energy investment unit under the Manila Electric Company (Meralco) group, as the engineering procurement and construction (EPC) contractor for its two solar projects...
DUBAI, UAE – Ayala-controlled ACEN Corporation, which has been expanding its investment foothold across foreign markets, is batting for capacity auction that will primarily delve with integrated renewable and energy storage system (IRESS) as prospective replacement for capacities that shall be...
The Energy Regulatory Commission (ERC) will no longer prescribe a ‘reserve price’ for the scheduled green energy auction (GEA) covering geothermal capacity developments. “We just agreed with the DOE (Department of Energy) on the parameters how we will eventually approve the rates in the PSAs...
President Marcos has highlighted the country's measures to address the high cost of green technology as the world transitions from fossil fuel use to renewables to avert climate crisis. Photos: Malacañang, Pexels Marcos said in his intervention during the Asia Pacific Economic Cooperation (APEC)...
President Marcos has called on the members of the Asia-Pacific Economic Cooperation (APEC) to forge stronger economic and technical cooperation to ensure that green energy solutions are accessible and affordable to all. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos...
A "differentiated pricing" is being proposed on the offshore wind (OSW) technologies that shall be deployed for projects in the country to consider divergent cost calculations on tariffs for the fixed bottom and floating OSW solutions. In a briefing with the media, Pierre-Antoine Tetard, vice...
The Energy Regulatory Commission (ERC) is considering to enforce a "differentiated pricing" for the waste-to-energy (WTE) capacities to be offered under the Green Energy Auction (GEA) program of the government. ERC Chairperson Monalisa C. Dimalanta admitted that the issuance of green energy auction...
Clean energy solutions leader First Gen Corporation will continue its green technology investments to help the Philippine economy toward its decarbonization track in sync with the world in mitigating climate change risks. “Our role here is to sort of like help the Philippine economy achieve a...
COPENHAGEN – Energy Secretary Raphael P.M. Lotilla will take the podium at the world's largest energy event happening here this week to present the investment opportunities that the Philippine energy sector will be opening up to global investors, primarily the massive renewable energy (RE)...
PARIS, France -- Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after exceeding $1 trillion last year, a report on Tuesday said. Despite the milestone, spending on energy transition technology must immediately triple to meet the target of...
