President Marcos and former Japanese Prime Minister Kishida Fumio reaffirmed cooperation between the Philippines and Japan on energy transition and resilience, as global instability continues to disrupt supply systems. Kishida, now serving as Supreme Adviser to the Parliamentary Association of the...
BDO Unibank, Inc. (BDO), the Philippines’ largest bank, has committed ₱75 billion to support Prime Infrastructure Capital Inc.’s (Prime Infra) development of two major pumped storage hydroelectric power facilities in Rizal and Laguna—investments that reinforce BDO’s role as a strategic...
SteelAsia Manufacturing Corporation has signed a contract with Buskowitz Energy for the Compostela Works Solar Rooftop Project in Cebu, an 8 MWp installation set to become the largest single-roof rooftop solar system in heavy industry in the Philippines. The project will cover approximately 65,560...
The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
Intensifying geopolitical tensions in the Middle East have prompted Aboitiz Power Corp. (AboitizPower) to reinforce its strategic shift toward domestic renewable energy (RE) and implement stringent fuel procurement stress testing to protect consumers from potential supply disruptions and global...
ACEN Corp., the renewable energy arm of the Ayala group, warned that a strategy relying exclusively on green energy may be insufficient to safeguard the country against surging summer demand and volatile electricity prices. Speaking at a media briefing, Eric Francia, ACEN president, said that while...
With Filipino consumers already reeling from punishing summer power bills, it’s time to confront an uncomfortable truth: the ₱0.0371/kWh GEA-All charge surreptitiously embedded in electricity rates is not anchored on solid statutory footing under Republic Act 9136 (EPIRA) or the Renewable...
CEBU CITY – To address growing demand, a leading renewable energy (RE) provider is expanding their footprint in Cebu. Officials of First Gen Corp. said they are ramping up their electricity supply business and clean energy solutions in the province where they currently serve 79 customers,...
San Miguel Global Power Holdings Corp., the energy unit led by billionaire Ramon Ang, has deployed ₱4.5 billion from its latest bond proceeds to accelerate the rollout of renewable energy projects in country. In a regulatory filing with the Philippine Dealing System Holdings, the company said...
Repower Energy Development Corp. (REDC) surged ahead with its expansion strategy as the company’s board approved the acquisition of a new subsidiary to spearhead hydropower projects in Mindanao. In a disclosure to the Philippine Stock Exchange on Friday, April 24, REDC said the renewable energy...
Despite expanding its solar and wind power projects in 2025, Yuchengco-led PetroEnergy Resources Corp. (PERC) reported a decline in net income due to higher interest expenses and lower oil revenues. In a disclosure to the Philippine Stock Exchange on Thursday, April 23, PERC reported a 29.8 percent...
ACEN Corp. Chief Executive Officer (CEO) Eric Francia has dismissed speculation that parent company Ayala Corp. is seeking to divest its stake in the renewable energy producer, rebuffing reports that Japanese and Canadian investors are circling the firm. Speaking to reporters following the...
