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...
The Philippines and Slovenia are strengthening efforts to build a long-term partnership in energy security, leveraging science, technology, and innovation to develop resilient and cost-effective energy systems. The initiative was highlighted during the “Science2Business: Energy Resilience for...
Philippine economic growth in 2026 would have hit the government’s downgraded target range had the war in the Middle East been short-lived, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). However, the Bangkok-headquartered UNESCAP said a...
Ayala-led Globe Telecom Inc. is locking in long-term renewable energy (RE) contracts for its data center operations, moves intended to insulate the company from volatile power costs while meeting the intensifying electricity demands of the digital economy. The telecommunications giant said its...
Vena Group has secured ₱2.7 billion in financing for a new solar farm in Northern Luzon, Philippines, expanding its renewable energy portfolio in a region that has become a hub for the country 's green energy transition. In a statement, Vena Group said the renewable energy developer reached...
Repower Energy Development Corp. (REDC) reported more than twofold increase in profit as the hydropower operator reaped the benefits of new capacity and the deployment of capital raised from its stock market debut. In a disclosure to the Philippine Stock Exchange on Wednesday, April 15, the...
