Manuel V. Pangilinan-led Manila Electric Co. (Meralco) and its power generation arm are partnering with Vietnam-based VinEnergo Energy Joint Stock Co. (VinEnergo) to explore about five gigawatts (GW) worth of renewable energy (RE) projects in the Philippines. In a statement on Tuesday, June 23,...
The Global Wind Energy Council (GWEC), an international wind industry association, has identified strategic investments in port infrastructure as the critical catalyst for unlocking billions of dollars in the Philippines’ offshore wind (OSW) sector. In its latest report released on Monday, June...
The National Power Corp. (Napocor), the state-owned utility responsible for supplying electricity to the country’s remote areas, is looking for private sector investors to help fund its five-year transition away from expensive diesel reliance toward renewable energy. Napocor President Jericho...
Domestic lenders funneled record amounts of capital into coal-fired power infrastructure last year, exploiting a key policy loophole despite the state-mandated ban on new coal developments, according to a report by an energy think tank. Fourteen domestic commercial banks actively financed fossil...
For decades, the relationship between Filipino consumers and their electricity providers was entirely one-sided. If you lived in Metro Manila, you paid whatever the Manila Electric Co. (Meralco) billed you. If the summer heat strained the power plants feeding the high-voltage lines of the National...
Recently, the PNB Board and Senior Management, led by Chairman Ed Cua and President Edwin Bautista, attended an energy briefing conducted by Department of Energy (DOE) Undersecretary Rowena Cristina Guevara. She certainly impressed the PNB Board and inspired confidence as a public official. She...
SINGAPORE — The Philippines is among the countries best positioned to help meet Asia’s rapidly growing electricity needs, with its rich geothermal resources as well as expanding wind and solar sectors offering significant potential for renewable energy (RE) development, according to...
As more Filipinos rely on mobile and internet connectivity for work, education, emergencies, and everyday life, Globe is accelerating its shift toward renewable energy and more energy-efficient technologies to help strengthen network resilience amid rising fuel costs and growing energy-related...
Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
Citicore Energy REIT Corp. (CREIT), the real estate investment trust (REIT) of Citicore Renewable Energy Corp. (CREC), is targeting to expand its portfolio and expects its next asset infusion to be completed within this year. During the firm’s annual stockholders’ meeting (ASM) on Monday, June...
The Asian Development Bank (ADB) is preparing a $10-million technical assistance (TA) grant to jump-start its newly launched Pan-Asia Power Grid Initiative, a flagship regional program aimed at expanding cross-border electricity trade and accelerating renewable energy (RE) integration across Asia...
