The P15.9 billion investment to be injected by a subsidiary-company of Manila Electric Company (Meralco) into the Leviste-founded SP New Energy Corporation (SPNEC) will help ramp up the development of the latter’s pipelined solar-plus-energy storage projects. The utility firm announced that MGen...
The Energy Regulatory Commission (ERC) has already kicked off focus group discussion (FGD) and preliminary studies for the next round of green energy auction (GEA) that will integrate both renewable energy-generated capacities and energy storage systems. According to ERC Chairperson Monalisa C....
The relevant government agencies of the Philippines have been working on ‘global certifications’ that could be accorded for the right-skilling of workers that will be joining the labor force of the country’s flourishing renewable energy (RE) sector. According to Energy Secretary Raphael P.M....
The Department of Energy (DOE) will assume responsibility in the ‘foreshore lease agreement’ that the foreign investors will need to enter into with the Philippine government for their offshore wind (OSW) projects. Energy Undersecretary Rowena L. Guevara indicated that the DOE can serve as the...
The Department of Energy (DOE) is working on a policy that will underpin investments as well as the development of hydrogen technology for application across multiple industries in the country – primarily the need for retrofit of some power generating facilities as well as energy storage systems....
The board of directors of renewable energy pioneer Alternergy Holdings Corporation has given go-signal on the reallocation of substantial portion of its initial public offering (IPO) proceeds to bankroll the construction of its two major wind power projects. With that decision, the company conveyed...
This early, the Department of Energy (DOE) is keeping consumers up to speed that the country’s transition to renewable energy (RE) will not only be a long journey, but there’s also high probability that it will add up costs into the electric bills of consumers. “Nobody is going to tell you...
The Asian Development Bank (ADB) is currently undertaking studies on ‘de-risking strategy’ that can be employed in the planned development of the array of geothermal power development prospects in the country. According to Energy Undersecretary Rowena L. Guevara, the de-risking roadmap “will...
Many of the renewable energy (RE) investors that are now advancing the implementation of their blueprinted projects have been pitching for local sourcing of supply as well as equipment that they can utilize in the construction and overall development of their projects. Energy Secretary Raphael P.M....
Investors from Denmark are eyeing to join the tender process for the propounded multi-billion power transmission projects that the government is targeting to offer via its Smart and Green Grid System (SGGS) development platform. According to Denmark Ambassador to the Philippines Franz-Michael...
The Department of Energy (DOE) has cornered at least 13 offers for renewable energy (RE) projects across hydro, geothermal and wind energy technologies that had been auctioned via the 4th Open and Competitive Selection Process (OCSP4) carried out by the agency. The energy department conveyed that...
Publicly-listed firm Alternergy Holdings Corporation has tapped three investment banks to raise P12 billion worth of loans to bankroll the company’s wind power projects to be sited in Rizal and Quezon provinces. For the targeted fund raising activity, the pioneer renewable energy company had...
