Power utility giant Manila Electric Company (Meralco) has secured three contracts for a total of 500-megawatt capacity that will satiate its requirements for renewable energy (RE) supply portfolio as prescribed under the government-enforced Renewable Portfolio Standards. The tariffs cornered by the...
Listed firm Citicore Renewable Energy Corporation (CREC) is stepping up in a big way on adding renewable energy (RE) capacity to the country’s power supply, with 1.3 gigawatts (1,300 megawatts) ramp up on its solar operating facilities by yearend until early part of 2025. In a briefing with the...
President Marcos expressed confidence that the newly inaugurated Mariveles-Hermosa-San Jose (MHSJ) 500 KiloVolt (kV) transmission lines in Bataan would help the Philippines in its transition to renewable energy, thus achieving a more sustainable country. President Ferdinand 'Bongbong' Marcos Jr....
Tycoon Manuel V. Pangilinan is stepping down as President and CEO of SP New Energy Corporation in favor of Emmanuel V. Rubio, who the MVP Group has recently hired to lead Meralco PowerGen Corporation (MGen) after his retirement as the chief executive of Aboitiz Power Corporation. In a...
ACEN Corporation of the Ayala group and multilateral lending firm Asian Development Bank (ADB) have solidified their partnership in the “green power revolution” sphere, as the latter has switched on its renewable energy (RE) supply sourcing to the Ayala firm. The bank will procure 100 percent...
West Zone concessionaire Maynilad Water Services, Inc. has increased its use of renewable energy in its operations by 15 percent following its partnership with MPower, the local retail electricity supplier of Manila Electric Co. (Meralco). Under this partnership, Maynilad said in a statement on...
CREC eyes Green Bond offering in 2025 By James A. Loyola After raising P5.3 billion from its initial public offering (IPO), Citicore Renewable Energy Corporation (CREC) is considering the issuance of Green Bonds to help fund its aggressive $3-billion five-year expansion program. During the press...
The UK government’s MOBILIST Programme has invested P731 million in Citicore Renewable Energy Corporation (CREC) which is equivalent to 13.77 percent of its P5.3-billion initial public offering (IPO). CREC has successfully completed its IPO and listing on the Philippine Stock Exchange (PSE) on...
From left: PLDT Vice President and Sector Head for Property and Facilities, Leo Gonzales; PLDT First Vice President, Chief Sustainability Officer, and Head of Investor Relations, Melissa Vergel de Dios; ACEN SVP for Market Transformation, Tony Valdez; and ACEN VP for Commercial Operations and Head...
President Marcos has urged Brunei's energy business leaders to invest in Philippine renewable energy (RE), saying the country is making progress in the "very promising" sector. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos said this during his meeting with business...
As the National Teachers College (NTC) commemorates its near century-long dedication to education, the institution takes another pioneering step toward a sustainable future by transitioning to 100 percent renewable energy. This significant achievement was made possible through a strategic...
The Manila Electric Co. (Meralco) has officially initiated the bidding process to procure 500 megawatts (MW) of renewable energy capacity. In a statement, Meralco said this move is in compliance with the government's renewable energy standards and reflects its commitment to enhance reliance...
