Aboitiz Renewables, Inc. (ARI), a subsidiary of Aboitiz Power Corporation, has cemented a joint venture deal with Singapore-headquartered Vena Energy (Vena Energy) for the planned 102-megawatt wind farm installation that will straddle Rizal and Laguna sites. In a statement to the media on Thursday,...
Citicore Renewable Energy Corporation (CREC) will put up a 10-megawatt solar farm project that will be embedded into the load network of Pampanga I Electric Cooperative (PELCO I). The RE company announced in a press statement that a memorandum of agreement (MOA) on this venture has already been...
Lisbon-headquartered Energias de Portugal (EDP) and its subsidiary EDP Renewables (EDPR) are eyeing to invest in the country's renewable energy (RE) sector, particularly in their core wind farm business. The interest of the Portuguese electric utility and its RE investment arm was sounded off to...
Transmission firm National Grid Corporation of the Philippines (NGCP) is eyeing "technology clustering" as one systematic approach that it can operationalize to streamline approvals of system impact study (SIS) for energy projects. The company advanced that proposal ahead of the scheduled meeting...
Executive Secretary Lucas P. Bersamin, who serves as chairman of the Steering Committee for the Energy Virtual One-Stop Shop (EVOSS) system of project permitting, is pushing for a 60-day process from almost two years for the issuance of system impact study (SIS) for grid connection of power...
Having been singled out in the State of the Nation Address (SONA) of President Ferdinand Marcos Jr., transmission firm National Grid Corporation of the Philippines (NGCP) has given its commitment to complete its delayed transmission projects immediately. The company emphasized that the priority...
President Ferdinand “Bongbong” Marcos Jr. is looking at 100 percent electrification of the Philippines by the end of his term in 2028. President Ferdinand Marcos Jr. delivers his second State of the Nation Address on Monday, July 24, 2023. (Malacañang photo) In his second State of the Nation...
Foreign investors in the renewable energy (RE) sector, especially those who applied for 100-percent foreign ownership n offshore wind (OSW) service contracts, are facing snag due to the foreshore land lease policy of the Department of Environment and Natural Resources (DENR). This investment dilemma...
Ayala-led ACEN Corporation and Australian partner Yindjibarndi Aboriginal Corporation (YAC) have agreed an initial AU$1.0-billion investment for their planned 750-megawatt solar and wind farm with battery storage project in Australia. In a statement, ACEN said that the investment will form part...
From left: SM Prime Energy Consultant, Jaime Patinio; SM Prime Chief Finance Officer, John Nai Peng Ong; SM Prime President, Jeffrey Lim; CREC Chairman, Edgar Saavedra; CREC President & CEO, Oliver Tan; and CREC Sr. Manager Sales & Energy Trading, Jerard Garcia. SM Prime Holdings, Inc. (SM...
The Board of Investments (BOI) reported that it approved 155 projects with combined investment pledges of P698 billion in the first half this year for a dramatic 203 percent increase versus the P230 billion in the same period in 2022 with renewable energy projects accounting for the bulk of the new...
Thriving green energy developer Citicore Renewable Energy Company (CREC) will be supplying 90 megawatts of solar-generated electricity to the properties of Sy-led SM Prime Holdings. In a statement to the media, CREC indicated that a memorandum of agreement (MOA) for the supply arrangement was inked...
