Aboitiz Power Corporation, via its subsidiary Aboitiz Renewables Inc. (ARI), is lining up the construction of two solar power projects that will add up 383.7-megawatt aggregate capacity to its renewable energy (RE) portfolio. The projects taking off from the company’s drawing board will be the...
Uptrend in sales from its operating renewable energy (RE) assets had driven up the net income of Yuchengco-led PetroEnergy Resources Corporation (PERC) to P591 million in this year’s first half versus P506 million a year ago. “Higher electricity sales from its renewable energy (RE) operating...
Ayala-led ACEN Corporation will be delivering 100-percent renewable energy (RE) power supply to the 25-floor JPMorgan Chase Tower at the Fort Bonifacio Global City in Taguig, the corporate headquarters of the multinational banking and financial services firm in the country. In a media statement,...
Propped by strong performance of its power plant operations, the net income of Alcantara-led Alsons Consolidated Resources Inc. (ACR) climbed 70-percent to P1.17 billion within this year’s first half from a leaner level of P689 million within parallel period last year. That strong showing on its...
Investors in the renewable energy (RE) sector are intensifying their call on the inclusion of hybrid solar and energy storage in the next round of green energy auction (GEA) by the Department of Energy (DOE). The RE investors said the combination of hybrid solar and energy storage is the "silver...
The Department of Energy (DOE) has endorsed at least 74 new projects this year that will advance into the system impact study (SIS) phase by system operator National Grid Corporation of the Philippines (NGCP). SIS refers to an engineering study that will comprehensively assess if additional...
Owing to profit contribution of its all-renewable energy (RE) subsidiary, First Gen Corporation has posted a 30 percent hike in its recurring net income to $167 million, approximately P9.0 billion, in the first half of the year versus $128 million or P7.0 billion, in the same period last...
Ayala-led ACEN Corporation will put up a 1,000-megawatt floating solar development at the Laguna Lake, deemed to be the biggest in the country’s renewable energy sector. According to the company, the proposed facility will locate in an 800-hectare area within the domain of the freshwater lake....
President Ferdinand “Bongbong” Marcos Jr.'s foreign trips have brought into the country some 75,000 jobs in the power and renewable energy sector, Labor Secretary Bienvenido Laguesma said on Tuesday, Aug. 8. President Ferdinand Marcos Jr. and First Lady Liza Araneta-Marcos (Ali Vicoy/MANILA...
While most players in the energy sector are excited about the incursion of innovative technology solutions in the industry, Manila Electric Company (Meralco) Chairman Manuel V. Pangilinan cautioned against the trap of "quick fixes" that will not bring in realistic energy security for the country....
# ERC, NGCP discuss technical gaps By MYRNA M. VELASCO The Energy Regulatory Commission (ERC) has forthrightly raised to transmission firm National Grid Corporation of the Philippines (NGCP) the need to immediately address the "technical gaps" in balancing the country’s power system so it can...
Greenfield plants and the elevated prices in the Wholesale Electricity Spot Market (WESM) boosted Ayala-led ACEN Corporation profits in the first half this year to P4.2 billion, up 94 percent from P2.2 billion in a comparative period last year. The company’s consolidated revenues had also grown 28...
