COPENHAGEN – Danish solar firm Obton A/S is eyeing to join a growing number of solar power investors in the thriving renewable energy sector of the Philippines. According to Philippine Ambassador to Denmark Leo M. Herrera-Lim, apart from wind, the solar part of RE developments has also been...
COPENHAGEN- The joint venture of Danish firm Copenhagen Energy A/S (CE) and Yuchengco-led PetroGreen Energy Corporation under corporate vehicle Buhawind Energy will be investing €8.0 billion to €12 billion, approximately P493.8 billion to P740.8 billion, for three offshore wind projects in the...
Factoring in macroeconomic fundamentals that affected technology prices and project financing, the Energy Regulatory Commission (ERC) has issued preliminary green energy auction reserve (GEAR) prices for the second round of tendering for renewable energy (RE) capacities to be administered by the...
COPENHAGEN - The government, through the Department of Energy (DOE), is seen pushing for "state financing" to fast track grid integration of large-scale renewable energy and other power projects that must be developed within the Marcos administration. In his speech at the WindEurope 2023...
ESBJERG, Denmark – The re-purposing of the country’s major ports will be very crucial for a successful larges-scale offshore wind farm projects in the country, according to Energy Secretary Raphael P. M. Lotilla. In a visit of the Philippine delegation to the facilities of the Blue Water...
The Department of Trade and Industry (DTI) said it will try to match this year the record $10.5 billion foreign direct investments (FDI) registered by the Philippines in 2021. “That’s what we are aspiring for,” said DTI Secretary Alfredo E. Pascual during a television interview when asked if...
COPENHAGEN – Energy Secretary Raphael P.M. Lotilla will take the podium at the world's largest energy event happening here this week to present the investment opportunities that the Philippine energy sector will be opening up to global investors, primarily the massive renewable energy (RE)...
The Energy Regulatory Commission (ERC), with the support of the United States Agency for International Development (USAID), is exploring collaboration with peer-regulator National Energy Authority (NEA) of Papua New Guinea on how both countries can address high electricity rates in their...
The Philippine Electricity Market Corporation (PEMC) and Independent Electricity Market Corporation of the Philippines (IEMOP) said they have clearly "demarcated" the respective functions of each entity in the operation of the Renewable Energy Market (REM), which will serve as added layer of...
The Filinvest Group and its French multinational partner-firm Engie will be providing renewable energy-generated power supply as well as other green solutions to Merasenko Corporation, a medical solutions company that has its operations base in Cebu. In a statement to the media, it was announced...
A "lucrative contract" with up to 40-year duration is being dangled to renewable energy (RE) developers joining the second round of RE auction covering 11,600 megawatts to be held on June 19 this year. The reference (TOR) issued by the Department of Energy (DOE) emphasized that the initial term of...
The profitability of Yuchengco-led PetroEnergy Resources Corporation (PERC) accelerated by 30-percent to P863 million in 2022 from a leaner P665 million in the prior year. The company indicated that the income upturn had been partly attributed to higher profit contribution of its petroleum...
