Iloilo Representative Janette Garin on Monday, Sept. 27 questioned the P1-billion worth of funds proposed by the Department of Agriculture (DA) supposedly for the government’s solar panel irrigation system (SPIS) project, saying she finds the program “untimely” and “impractical” at this...
In a tripartite deal it inked with the Department of Energy (DOE) and the Department of Human Settlements and Urban Development (DHSUD), the Energy Regulatory Commission (ERC) is reinforcing its support to the promotion of digital tools and green energy solutions for housing as well as community...
The Department of Agrarian Reform (DAR) has installed an irrigation system dependent on solar power in Isabela in a bid to help farmers suffering from drought during the dry season. DAR Sec. John Castriciones said the P1 million-worth project in Barangay Sinili in Santiago City will address the...
Ayala-led AC Energy Corporation (ACEN) has built up its fresh capital flow to US$1.0 billion, after raising US$400 million new proceeds from its green bonds offering. ACEN Logo The company said it will use the proceeds of its latest capital raising activity to finance its new renewable energy (RE)...
The Development Bank of the Philippines (DBP) granted a P115-million term loan to install six solar-powered irrigation systems (SPIS) in Taraka, one of the largest municipalities in Lanao del Sur. The SPIS will irrigate 1,200 hectares of agricultural lands and provide potable water to 26 barangays...
Ayala-led AC Energy Corporation (ACEN) is eyeing to fetch $400 million in gross proceeds from its issuance of senior guaranteed undated green bonds with non-callable 3.5-year fixed-for-life or non-deferrable term. ACEN Logo In a media statement, the Ayala firm emphasized that the green bonds had...
I grew up a child of the energy industry in the 80s when Mindanao was frontier lands for electrification. I understood from a very young age how precious electricity was because where I lived, not everyone had it. And yet four decades on, still, not everyone has it. The Philippines fell short in...
Ayala-led AC Energy Corporation (ACEN) is eyeing to cement a partnership with German firm ib vogt for the installation of at least 300 megawatts (MWdc) of solar power projects in the country. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala energy company specified that the...
Citicore Power, via its subsidiary Citicore Renewable Energy Corporation, is concretizing food-renewable energy (RE) nexus on its agro-solar ventures, an investment paradigm seen to debunk claims that solar farm developments could be gobbling up farmlands needed for food production. Citicore...
Ayala-led firm AC Energy Corporation (ACEN) is injecting more than P12 billion worth of funding to ongoing as well as programmed renewable energy (RE) projects in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala energy company indicated that it will be funneling...
The net income of Ayala-led firm AC Energy Corporation (ACEN) posted a modest 5.0-percent growth to P2.7 billion in the first half of the year, inclusive of earnings from international operations – and that’s coming from a leaner P2.6 billion in the same period last year. Consolidated revenues...
Listed firm Aboitiz Power Corporation had cast capital outlay of P190 billion that it will funnel to diverse renewable energy (RE) projects and up for implementation within a period of 10 years. For that scale of spending on greenfield projects, the company emphasized that its RE capacity under its...
