To prop funding for its robust investment pipeline, Ayala-led ACEN Corporation will be tapping P30.5 billion in additional loans. As disclosed to the Philippine Stock Exchange (PSE), the targeted loan procurements approved by the board of directors of ACEN in their regular meeting last March 8 will...
UBON RATCHATHANI, Thailand – A vast array of solar panels floats on the shimmering waters of a reservoir in northeast Thailand, symbolising the kingdom's drive towards clean energy as it seeks carbon neutrality by 2050. In this file aerial photo taken on February 23, 2022, floating solar...
Solar Philippines Nueva Ecija Corporation’s stockholders have approved its increase in authorized capital stock and the P60 billion share swap with parent company Solar Philippines Power Project Holdings Inc. In a disclosure to the Philippine Stock Exchange, the firm said it will raise its...
Spectrum to scale up solar rooftop installations for customers By Myrna M. Velasco Spectrum, a wholly-owned solar power firm of Manila Electric Company (Meralco), will be scaling up on its solar rooftop installations -- primarily for commercial and industrial (C&I) customers, so it can help...
Partido Reporma presidential candidate Senator Panfilo “Ping” Lacson said the government should “take a serious look” at its own resources as an alternative source of fuel as the price of oil continues to shoot up driven by the ongoing Ukraine-Russia conflict. In a press briefing on...
President Rodrigo Roa Duterte inaugurated the first solar powered public market and commercial complex in the Philippines in the municipality of Narvacan, Ilocos Sur. (Photo courtesy of Robbie Pangilinan / MANILA BULLETIN) This is part of the “Golden Age of Infrastructure in Narvacan” as...
Listed firm Basic Energy Corporation (BEC) will jumpstart the development of its proposed 50-megawatt wind farm project in Mabini, Batangas following its board’s approval of initial budget allocation of P31 million for the venture. “The wind resource assessment (WRA) for the Mabini wind power...
SMC, SunAsia to challenge 850MW Razon-Leviste solar bid By MYRNA M. VELASCO A subsidiary of top-tier power producer SMC Global Power Holdings Corp of the San Miguel Group and a consortium led by SunAsia Energy will challenge the unsolicited proposal lodged by the joint venture of Prime...
Solar Philippines Nueva Ecija Corporation (SPNEC) has approved a P60.9-billion asset-for-share swap with its parent company Solar Philippines Power Project Holdings, Inc. (SPPPHI). In a disclosure to the Philippine Stock Exchange, the firm said the swap involves the acquisition of 100 percent of...
Citicore sets P70-B capital outlay By MYRNA M. VELASCO Citicore Renewable Energy Corporation (CREC) will be injecting capital outlay of P70 billion for the 1,500-megawatt renewable energy (RE) capacity buildup that it will be implementing over the next five years. In a briefing with the media, CREC...
Partido Reporma standard-bearer Panfilo "Ping" Lacson has assured Filipino farmers a wider state-funded program that would install solar-powered irrigation systems (SPIS) on their paddy fields and plantations. Senator Ping Lacson (Facebook) Lacson revealed this plan in a dialogue with farm leaders...
Shell Energy Philippines Inc. (SEPH) has renewed its power supply agreement with Citicore Energy REIT Inc. (CREIT) and Citicore Renewable Energy Corp (CREC), enabling the former to continually source RE-generated capacity from the portfolio of solar plants of the Citicore group. Apart from the...
