Transmission firm National Grid Corporation of the Philippines (NGCP) said it is lining up several priority projects that will reinforce the country’s electricity network and backbone to support the distribution of bigger electricity loads. The company emphasized that its investments’ pipeline...
The National Grid Corporation of the Philippines (NGCP) said that government should give weight to the P300 billion worth of investments it had injected into the country’s power transmission network in reaction to the In reaction to the Malacanang pronouncement that the government may take back...
As data center project-proponents have been firming up their investment plans in the Philippines, the Department of Energy (DOE) indicated that it will match up their electricity needs with the investors putting up renewable energy (RE) facilities in the country. “A number of investors presented...
Lopez-led First Gen Corporation is lining up massive investments of $20 billion, approximately equivalent to P1.123 trillion, until year 2030 to sustain its market share of 20 percent in terms of kilowatt-hour production to serve the growing electricity needs of Filipinos. The seven-year humongous...
Yuchengco-led PetroGreen Energy Corporation (PGEC) will be acquiring existing two solar farm projects in Luzon, to boost its renewable energy (RE) generation portfolio. The subsidiary of publicly-listed PetroEnergy Resources Corporation (PERC) announced that the asset acquisitions will cover the San...
Growing power demand in the Mindanao grid boosted the Alcantara-led Alsons Consolidated Resources Inc. (ACR) to register a 67 percent increase in net income to P542.27 million in the first quarter this year from P342 million in the same period last year. Following that level of profitability, the...
System operator National Grid Corporation of the Philippines (NGCP) is proposing amendments to the Grid Code to ensure the country’s power system can efficiently absorb gigawatt-scale but variable renewable energy (RE) capacities. In a presentation to the media, NGCP Vice President and Head of...
Energy Secretary Raphael P. M. Lotilla said that President Ferdinand R. Marcos Jr. during his recent meeting with US President Joe Biden highlighted renewable energy (RE) and the "loss and damage" concept, which seeks to compensate countries that have little contribution to global climate change....
System operator National Grid Corporation of the Philippines (NGCP) is asking the Department of Energy (DOE) to eliminate from its certified list of system impact study (SIS) applicants that are being tagged as "pseudo investors" or "non-serious project proponents" to facilitate permitting process...
Proponents of floating solar farm installations, which are members of the Philippine Solar and Storage Energy Alliance (PSSEA), are seeking approval for a higher green energy auction reserve (GEAR) price of at least P7.30 per kilowatthour. The higher reserve price is targeting the tendering process...
The joint venture of Filipino firm SunAsia Energy Inc. and Singapore-headquartered Blueleaf Energy will be injecting $1.5 billion to $1.7 billion worth of investments to develop at least 10 service contracts on floating solar facilities that may yield aggregate capacity of 1.3-gigawatt or 1,300...
At the ACEN RES Recharge Partners Gala, ACEN President and CEO Eric Francia affirmed the company's commitment to build more renewable capacity to help meet the growing demand for electricity in the Philippines and urged businesses to shift to renewable energy. (Photo from ACEN RES) The...
