The Department of Energy (DOE) emphasized the significance of finishing key infrastructure projects in country in order to attain the renewable energy (RE) target by 2040. At the 49th Philippine Business Conference and Expo, Energy Assistant Secretary Mario Marasigan presented the DOE’s...
SEOUL – European firm Tractebel Engineering is offering latest innovation on floating substations as technology solution for gigawatt-scale offshore wind farm projects currently being advanced in various energy markets in the Asian region. At the ongoing 2nd Korea Offshore Wind and Hydrogen...
The proposal for a ‘no reserve price’ condition on the targeted 3rd green energy auction (GEA-3) for geothermal could trigger unwarranted “regulatory uncertainty’ for project developers and all investors in this technology’s supply chain, the Energy Regulatory Commission (ERC) has warned....
Yindjibarndi Energy Corporation (YEC), a subsidiary of Ayala-led ACEN Corporation has inked a preliminary deal with London-headquartered Rio Tinto for development collaboration on the latter’s targeted energy usage shift to renewable energy in its Australian mining operations. In a press...
Winsun Green Ventures, Inc. (WGVI), a subsidiary of Greenergy Holdings Inc. (GREEN), has been granted permission to proceed with its planned solar power projects in Caloocan City. In a disclosure to the Philippine Stock Exchange, GREEN announced on Friday, Oct. 20, that it received a certificate of...
LIMA Water, a business unit of Aboitiz InfraCapital (AIC) , has turned to solar technology for the energy requirements of the sewage treatment plant 2 (STP-2) for its water facility that is catering to the needs of LIMA Estate, an economic and industrial zone in Lipa-Malvar, Batangas that is...
The Energy Regulatory Commission (ERC) is poised to sustain the suspension of the P0.0364 per kilowatt hour (kWh) feed-in-tariff allowance (FIT-All) line item in the electric bills until the end of the year, hence, providing slight relief in the pockets of all ratepayers especially during the high...
Listed firm Alternergy Holdings Corporation (Alternergy) logged financial rebound in the current fiscal year with an income of P38 million, effectively reversing a net loss of P145.2 million in a comparable period last year. The company’s cash balance also escalated significantly by 113% to...
Norway is open to expanding trade and investment ties with the Philippines particularly in the areas of aquaculture and retail industries while also continuing to develop its partnerships in the renewable energy (RE) and maritime sectors. Norwegian Ambassador to the Philippines Christian Halaas...
Ayala-led energy platform ACEN Corp. has secured P5 billion worth of term loan facility. The loan facility would allow the borrower to request a large disbursement of funds for a term with an agreed schedule for repayment. In a disclosure to the Philippine Stock Exchange, ACEN said the company...
Senator Sherwin Gatchalian has called on the government to hasten the development of transmission facilities for offshore wind (OSW) projects to boost the renewable energy (RE) sector’s contribution to the country’s energy requirements. Gatchalian also said doing so would secure the...
Filipino-European firm Triconti Windkraft Group has brought in Liechtenstein-headquartered Sea Wind Holding AG as its new partner to help advance its 1,500 megawatts of offshore wind (OSW) farm developments into commercial fruition. “Seawind joins the consortium to fast track the...
