Alsons Consolidated Resources Inc., the publicly listed power arm of the Alcantara Group, reported a slight decline in full-year net income for last year as the company’s push into renewable energy was tempered by impairment losses from its fossil-fueled power plants. In a statement, the energy...
Prime Energy Resources Development NV and its partners are on track to begin gas production from the fourth phase of the Malampaya deep-water gas-to-power project by the final quarter of 2026, following successful drilling results at a key offshore well. The Camago-3 well, located in offshore...
Citicore Energy REIT Corp. (CREIT), the first renewable energy real estate investment trust in the country, reported steady net income for 2025 as its portfolio of solar power land maintained full occupancy and yielded payouts that exceeded regulatory requirements. In a filing with the Philippine...
State-run Government Service Insurance System (GSIS) began accepting applications on Wednesday, March 25, for its Ginhawa Solar Energy Loan (GSEL), a move intended to provide government employees with affordable financing for renewable energy as the country grapples with rising utility costs. The...
ACEN Corp., the energy arm of the Ayala group, secured a 7.517 billion rupee project finance loan to fund its Bijapur Wind project in Karnataka, India, as the company accelerates its expansion into one of Asia’s largest renewable energy markets. The loan, equivalent to approximately ₱4.78...
Makati City Mayor Nancy Binay on Tuesday, March 24, announced that the Energy Regulatory Commission (ERC) has recognized the city as the first local government unit (LGU) in the Philippines to champion 100 percent renewable energy utilization under the Retail Competition and Open Access (RCOA) and...
Renewable energy (RE) advocates may roll their eyes, but the Middle East friction is shouting a bitter punchline: the world still treats fossil fuels like chocolate. The appetite is insatiable and relentless; if the supply runs dry, economies could fall apart faster than a cookie dunked in milk....
Even as Malacañang insists no Cabinet shake-up is imminent, backroom whispers are growing louder that the administration may “recycle” 2025 midterm election losers into key posts once the appointment ban lifts this May. Just last week, industry and political circles were abuzz with rumors that...
If there is one thing the energy sector can unanimously credit Secretary Sharon Garin for, it is grit: she cuts through bureaucracy, stands toe-to-toe with political power, mobilizes agencies, and brings stalled energy projects back into motion. Her record is written in resolved bottlenecks, such...
Citicore Power Inc. (CPI) is distributing shares of solar energy developer Citicore Renewable Energy Corp. (CREC) to its shareholders Edgar Saavedra and Oliver Tan to consolidate their direct interest in the publicly listed CREC. In a disclosure to the Philippine Stock Exchange (PSE), CREC said CPI...
For what it’s worth, Ferdinand Marcos Sr.’s energy policy remains a benchmark for sustainability and reliability. Had the 620-megawatt Bataan Nuclear Power Plant (BNPP) not been shelved by the Aquino administration, Filipinos would likely have enjoyed cheaper electricity rates from that...
Meralco PowerGen Corp. (MGen), the generation arm of Manila Electric Co., is finding ways to utilize the power capacity from its planned 1,200-megawatt (MW) coal plant in Quezon province after navigating regulatory and policy hurdles this year. MGen President and Chief Executive Officer Emmanuel...
