The power generation arm of Manila Electric Co. (Meralco) has secured two engineering, procurement, and construction (EPC) deals to advance a new battery energy storage system (BESS) project in Toledo, Cebu. In a statement on Thursday, Meralco PowerGen Corp. (MGen) announced it has signed an EPC...
Saavedra-led Megawide Construction Corp. is firming up its balance sheet after parent company Citicore Holdings Investment Inc. (CHII) and sister company Citicore Power Inc. (CPI) paid back ₱9.4 billion for advances made by the engineering firm in 2016. In a disclosure to the Philippine Stock...
ILOILO CITY — The province of Iloilo is potentially becoming a major area for renewable energy (RE) projects. During the recent Road to “Renewables: Conversations on Energy Transition," the Department of Energy (DOE) in the Visayas disclosed that almost 1,400 megawatts (MW) of offshore wind...
Citicore Renewable Energy Corp. (CREC) has secured the largest number of projects in the preliminary results of the Department of Energy’s (DOE) fourth Green Energy Auction (GEA-4). The DOE’s advisory listed CREC, along with Ramon Ang-led SMC Global Light and Power Corp. and Joy-Nostalg Solaris...
The Philippines is on the verge of achieving universal electricity access despite challenges in its shift toward renewable energy (RE) sources, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). “Countries like Indonesia, Fiji, and the Philippines...
Around ₱5 billion worth of investments is the figure Maharlika Investment Corp. (MIC) has set upon entering a partnership with Saudi Arabia-backed ACWA Power to develop renewable energy (RE) projects that will supply electricity to nearly 500,000 off-grid households in the Philippines. Winchell...
Despite the President’s State of the Nation Address (SONA) promise of rate reductions, it seems the only thing “cutting” is the consumer’s wallet, as electric bills continue their relentless upward climb. Realistically, rate reduction is a battle consumers can’t seem to win. It’s like a...
Lopez-led Energy Development Corp. (EDC) is planning to invest ₱13 billion to expand its geothermal energy portfolio as part of its ongoing efforts to scale up renewable energy capacity. In an interview with EDC President and Chief Operating Officer Jerome Cainglet, he explained that the company...
Lopez-led First Gen Corp. (FGen) is urging the government to accelerate the rollout of renewable energy (RE) projects to reduce the nation 's heavy reliance on coal. Speaking at the 3rd Philippine Renewable Energy Conference, FGen President Francis Giles Puno said that coal-fired power still...
Executives from Meralco PowerGen Corporation (MGEN) and ACWA Power paid a courtesy call on President Ferdinand R. Marcos Jr. at Malacañang Palace to present their joint strategy for advancing utility-scale renewable energy development in the Philippines. The visit follows the recent signing of a...
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) will source part of its power supply from biogas over a 20-year period as part of its renewable energy (RE) integration. In a statement on Monday, Aug. 4, Meralco said it has secured a power supply agreement (PSA) with First Quezon Biogas Corp....
The Department of Energy (DOE) announced that several renewable energy (RE) and energy storage system (ESS) projects have secured system impact study (SIS) endorsements that evaluated the project’s viability for connection to the national grid. For the month of June, the DOE granted SIS...
