Solar Philippines Nueva Ecija Corp. (SPNEC), the first pure renewable energy firm to go public, has pegged its initial public offering (IPO) price at P1 per share for an offer size of P2.7 billion. In a disclosure to the Philippine Stock Exchange, the firm said the offer period is planned for Dec....
Solar Philippines Tarlac Corporation (Solar Tarlac), a subsidiary of renewable energy firm Solar Philippines, is planning to raise P4.15 billion from the issuance of green bonds. The proposed green bonds has been assigned a high credit rating of PRS Aa plus with a Stable Outlook by the Philippine...
Yuchengco-led PetroEnergy Resources Corporation (PERC) said its nine-month net income increased by 30 percent to P544 million from P417 million in the same period last year. From that scale of profitability, the energy firm’s net income went up by a significant 60 percent to P323 million from the...
Ayala-led AC Energy Corporation (ACEN) has tapped Power Construction Corporation of China Ltd. and its local subsidiary PowerChina Philippines Corporation as engineering, procurement and construction (EPC) contactor for its 283-megawatt solar farm project in San Marcelino, Zambales. The Ayala...
Solar Philippines is preparing an initial public offering (IPO) of the shares of wholly owned subsidiary Solar Philippines Nueva Ecija Corporation (SPNEC) worth up to P1.3 billion. In a statement, the firm said SPNEC is developing a 500 MW solar project in Peñaranda, Nueva Ecija. Solar Philippines...
Solar Learning President and CEO Mr Wilson Tieng A brighter future awaits the Filipino youth and alternative learners as a new foundation has stepped up to make learning via technology more accessible for all. Solar Learning is a new educational foundation that aims to address the challenges in...
NIGHT OWL Anna Mae Lamentillo The latest report of the Intergovernmental Panel on Climate Change (IPCC) tells us that many of the changes that scientists have observed in the climate are unprecedented and worse, some of these changes, like continued sea level rise, are irreversible over hundreds to...
Ayala-led AC Energy Corporation (ACEN) is acquiring for US$243.3 million the equity stake of its partner UPC Renewables Asia Pacific Holdings in their Australian corporate vehicle for renewable energy (RE) projects. In a statement to the media, the Ayala firm said it will acquire the 51.6 percent...
Ayala-led AC Energy Corporation (ACEN) and its Vietnamese firm-partner AMI Renewables will be piloting the installation of battery energy storage system (BESS), as a coupling technology that shall be integrated in their 50-megawatt solar farm project in Khanh Hoa province. In a statement to the...
The country’s grand ambition for massive solar power installations could result in weaker food sustainability, because energy developments could snatch lands that could have otherwise been allocated for agricultural production, a study outcome of the Department of Energy (DOE) has shown. The DOE...
With the race for ‘green investments’ building up in the country, Citicore Power Inc. is also bent on accelerating its renewable energy (RE) installations with a target of 1,500 megawatts (MW) in the next four years. The company, which is affiliated with the Megawide group, is eyeing to shore...
Aboitiz Power Corp. will funnel a significant portion of the proceeds from its P12-billion second tranche issue to its 74-megawatt solar farm project in Pangasinan. Apart from that, the power firm indicated that the capital raising activity targets to raise fresh cash that it can use “to...
