The Department of Energy (DOE) is targeting to issue bidding guidelines for the inclusion of renewable energy (RE) projects previously dislodged from the feed-in-tariff (FIT) incentive system in the Green Energy Auction Program (GEAP). In a draft Circular furnished to relevant industry stakeholders,...
The Energy Regulatory Commission (ERC) will be prescribing new green energy auction reserve (GEAR) prices for the 8,160 megawatts of unsubscribed volumes in the recently-concluded renewable energy (RE) capacity tendering of the Department of Energy. ERC Chairperson Monalisa C. Dimalanta indicated...
Listed firm Alternergy Holdings Corporation (Alternergy) is well on its way into building up its renewable energy (RE) portfolio after winning three additional contracts from the State-managed Green Energy Auction-2 (GEA-2) program. The awarded project-contracts to be covered by 20-year power supply...
The Energy Regulatory Commission (ERC) is seriously weighing the resumption of collection of the P0.0364 per kilowatt hour (kWh) feed-in-tariff allowance (FIT-All) in the electric bills of all consumers, amid dwindling subsidy fund for renewable energy (RE) capacities. According to ERC Chairperson...
The Department of Energy (DOE) is trying to sway all government-run institutions to embrace solar solutions in meeting their energy needs to break the country’s cycle of vulnerability to volatile global fuel prices. According to the energy department, perfect candidates for solar installations in...
The Department of Energy (DOE) has issued notice of awards (NOAs) to 105 winning bids in the second round of green energy auction (GEA-2), an exercise that partly fulfills the country's renewable energy (RE) development roadmap. The winning project-developers will be awarded with 20-year power...
President Ferdinand "Bongbong" Marcos Jr. has renewed his commitment to improving the bureaucratic process in the energy sector to allow investors to come and do business in the Philippines easily. *President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot)* Marcos said this as he led the...
As the country boosts its efforts toward energy security, President Ferdinand "Bongbong" Marcos Jr. welcomed the commitment of a Japanese financial services company to helping the Philippines bridge its transition from fossil fuel to renewable energy. *President Ferdinand 'Bongbong' Marcos Jr....
AboitizPower Distributed Renewables Inc. (APX), a subsidiary of leading energy producer Aboitiz Power Corporation, has cemented a joint venture deal with emerging energy solutions firm Upgrade Energy Philippines Inc. (UGEP) for targeted solar rooftop projects in the country. In a statement to the...
A tripartite collaborative approach has been reached by the Energy Regulatory Commission (ERC), power utility giant Manila Electric Company (Meralco) and the city government of Pasig to promote the use of renewable energy (RE) in the host-locality. In a statement to the media, the ERC said that an...
Ayala-led ACEN Corporation will be issuing $352 million worth of corporate guarantees as a support to loan payments of ACEN Cayman, one of its subsidiaries. The corporate guarantee has been approved by the company’s board of directors in their special meeting at the Grand Hyatt Hotel on Wednesday,...
The low turnout in the recently-concluded second Green Energy Auction (GEA-2) administered by the Department of Energy (DOE) was largely blamed to the unresolved concern of grid integration of the targeted renewable energy (RE) installations. This was affirmed by Energy Secretary Raphael P.M....
