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...
There may be no radiation leaks seeping into the country’s power system yet, but it seems the policymaking core of the Department of Energy (DOE) is already 'overheating ' and treading halfway into a meltdown. The DOE’s newly issued Circular (No. 2025-10-0019) reads like an incentive...
The Department of Energy (DOE) and Japan’s Ministry of Economy, Trade, and Industry (METI) announced a new partnership to boost clean energy investments for both nations. In a statement Tuesday, Oct. 21, the DOE saidi it signed a memorandum of cooperation (MOC) with METI establishing a...
Instead of an initial public offering for its green energy businesses under MGen Renewable Energy Inc. (MGreen), Manila Electric Company (Meralco) is planning a re-IPO after all of its assets has been consolidated under SP New Energy Corporation (SPNEC). “We’re likely to inject our renewable...
Saavedra-led infrastructure and engineering firm Megawide Construction Corp. has completed its acquisition of 9.88 percent of affiliate Citicore Renewable Energy Corp. (CREC), effectively gaining a new revenue source from solar power. In a disclosure to the Philippine Stock Exchange, Megawide said...
Three years after the Philippines lifted the limit on foreign ownership in renewable energy (RE) projects, the Department of Energy (DOE) said 75 ventures with international investors are now driving the country toward its clean energy goals. Speaking at the 2nd Philippines Future Energy & Grid...
The Department of Energy (DOE) has cleared Manila Electric Co. (Meralco) to bid out a 200-megawatt (MW) renewable energy (RE) supply contract as way to expand its clean energy portfolio. The DOE approved the competitive selection process (CSP) for the 200 MW, which allows Meralco to invite power...
Aboitiz Upgrade Solar Inc. (AUSI), the joint venture between Aboitiz Power Distributed Renewables, Inc. and Upgrade Energy Philippines (UGEP), has partnered with Alphaland Corporation’s Balesin Island for the launch of a new three-hectare ground-mounted solar farm. Once completed, the 4.1...
Amid concerns over proposed renewable energy (RE) project in a protected landscape in Samar, the Department of Energy (DOE) clarified that energy infrastructure may proceed as long as it secures the necessary regulatory approvals. In a statement on Tuesday, Sept. 30, Energy Secretary Sharon Garin...
The Department of Energy (DOE) has launched a process for awarding renewable energy service contracts (RESCs) that would promote transparency, competitiveness, and efficiency in the renewable energy (RE) sector. In a statement on Wednesday, Sept. 24, the DOE announced the adoption of the Open and...
