Gokongwei-led JG Summit, through its renewable energy (RE) subsidiary Merbau Corporation, will be expanding solar investments outside of the conglomerate’s span, so they can similarly help other businesses achieve their decarbonization strategies. The forward business plan is being firmed up...
The Securities and Exchange Commission (SEC) has approved the planned initial public offering (IPO) of Citicore Renewable Energy Corporation's (CREC) primary and secondary shares for as much as P12.94 billion. In its Jan. 16 meeting, the Commission En Banc resolved to render effective the...
State-run National Power Corporation (NPC) is eyeing to expand its cooperation with Korea Water Resources Corporation or K-Water, primarily on the sphere of dam safety – given that sizeable pie of the country’s power supply is still drawn from hydropower facilities. The planned expanded...
Advocates for the Philippine economy on Thursday, Jan. 4, called on the government to remove restrictive economic provisions on full foreign ownership in the Constitution. Foundation for Economic Freedom Inc., a group composed of former finance secretaries and businessmen, said in a statement that...
Aboitiz Power Corp. (AboitizPower) is bracing for a challenging year, with expectations of increased electricity demand, global supply chain uncertainties, and the impact of the El Niño phenomenon creating tight market conditions. In a statement, Emmanuel Rubio, AboitizPower president and chief...
The renewable energy unit of ACEN Corp. and Barito Renewables have completed the acquisition of wind projects under development in Indonesia. ACEN told the Philippine Stock Exchange that the acquisition, carried out through its subsidiary ACEN Renewables International, and PT Barito Wind Energy,...
SP New Energy Corp. (SPNEC) has commenced the construction preparations for Terra Solar Philippines, Inc.'s solar project in Nueva Ecija and Bulacan. In a statement on Monday, Jan. 1, SPNEC said it began clearing the site for the 3,500-hectare solar project, which will be owned by its subsidiary...
To overcome backlog on system impact studies (SIS) for targeted massive renewable energy (RE) installations as well as for other power projects in the country, the Energy Regulatory Commission (ERC) has enforced processes on the accreditation of third party-entities that will aid system operator...
Motolite, the leading and most trusted battery brand in the Philippines, is also being recognized as among the country’s most eco-friendly energy users with its continued shift to sustainable solar panels in powering its manufacturing and retail facilities. Motolite has already installed...
ACEN Renewable Energy Solutions (ACEN RES), the retail electricity arm of ACEN, has garnered international recognition for its innovative marketing campaign launched earlier this year. Its hero video, "Fireflies," has won the prestigious Gold Award in the Stevie International Business Awards for...
The Belenos Energy Corp., a wholly owned subsidiary of ACEN Corp., signed an agreement for the acquisition of shares in companies that provide solar power to telecom towers and industrial facilities. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 27, ACEN said that Belenos has...
Renewable energy developer-firm PAVI Green of the Villar group has cemented partnerships with its affiliate Vista Malls and All Home Luzon branches for the provision of solar-generated electricity to these establishments. In a statement to the media, the Villar RE firm indicated that it will be...
