DUBAI, UAE -- The transformative impact of two solar farm projects of Filipino-led Citicore Renewable Energy Corporation (CREC) had clinched global spotlight as it was catapulted to be among the world’s first bestowed with FAST-Infra Sustainability Infrastructure (FISI) Label, which has been...
“Energy security’ is a crescendo that has not come yet for the Philippines despite the years of restructuring and rumbling changes in the power industry – and it was also hardly a stuff for reasoned policy analysis through the years. That then places the country in a catchup mode - not just...
The attractiveness of the Philippines in terms of renewable energy (RE) investments had climbed notches higher, with the Bloomberg NEF Climate Report ranking it as one of the top five globally. The Philippines had clinched the fourth spot in the Bloomberg NEF report, next to the major markets of...
The unit of power distributor Manila Electric Co. (Meralco) has completed its initial investment, laying the groundwork for its prospective takeover of SP New Energy Corp. (SPNEC). In a disclosure to the Philippine Stock Exchange on Friday, Dec. 1, SPNEC said the Leviste-led firm has received P7...
Another transmission project of the National Grid Corporation of the Philippines (NGCP) in the Visayas grid - the 138-kilovolt Panay-Guimaras interconnection project - will be facing delays due to a temporary restraining order (TRO) issued by the Supreme Court. According to the company, the TRO...
Ayala-led ACEN Corporation has inked P20 billion worth of term loan facility that will be used mainly to bankroll ongoing renewable energy (RE) projects as well as for general corporate purposes. According to the company, the debt facility has 10-year repayment term, but the lender-banks have not...
Renewable energy firm Energy Development Corporation (EDC), a subsidiary of Lopez-led First Gen Corporation, is scheduling the second tranche of its ASEAN green bond offering with target proceeds of P10 billion that will continually bankroll the company’s projects. In a disclosure to the...
The Basic Energy Corp. (BSC) is seeking government backing to roll out electric buses in every province across the country within the next five years. In a disclosure to the Philippine Stock Exchange, the BSC announced plans to get e-transport franchises for all 82 provinces with support from the...
ATHENS, Greece – Players in the global liquefied natural gas (LNG) sector are re-assessing the impact of high gas prices as well as targets of infrastructure development expansion amid the transitioning of many energy markets into cleaner energy solutions. At the World LNG Summit that will kick...
The Department of Energy (DOE) is keenly seeking the assistance of the World Bank and other development-partners on sorting out policies as well as funding mechanisms that can bring down Philippine electricity rates as the country advances into its energy transition agenda leaning mainly on...
Manila Water Co. Inc. has partnered with Malaysia-based renewable energy firm Ditrolic Energy Philippines to help reduce the operational greenhouse gas emissions (GHGs) of the Razon-led east zone concessionaire. In a statement, Manila Water announced that the company has entered into a power...
The Energy Secure Philippines (ESP) project of the United States Agency for International Development (USAID) is extending development assistance to the Philippine government for the right-skilling and upskilling of workers in the flourishing offshore wind industry of the country. The American aid...
