Prime Solar Solutions Corp., a unit of the Razon-led Prime Infrastructure Capital Inc., officially opened its 64-megawatt solar power facility in Maragondon, Cavite on Wednesday, July 17. In a statement, Guillaume Lucci, Prime Infra president and chief executive officer, said the completion of the...
Because of a newly energized battery energy storage system (BESS), renewable power firm Alternergy Holdings Corp. was able to beef up its financial revenues for the fiscal year 2024. Alternergy’s revenues as of March 2024 were boosted by 44 percent to P182.5 billion due to the Palau Solar BESS...
Renewable power pioneer Alternergy Holdings Corp. has secured a green corporate loan to continue constructing its renewable power projects for 2024. Alternergy announced on Wednesday, May 8, that it will have a P4 billion green corporate loan to be utilized for projects like the Tanay and Alabat...
With the heat index continuing to rise in the Philippines, Filipinos have had no choice but to turn to electric fans and air conditioners to cool down. Beating the heat, however, comes with a heavy price. The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA)...
The Department of Agriculture (DA) said the government plans to construct solar-powered cold storage facilities in Occidental Mindoro to soften the impact of the power crisis in the province. Agriculture Secretary Francisco P. Tiu Laurel, Jr. said that they are collaborating with the Department of...
Yuchengco-led PetroGreen Energy Corp. (PGEC) secured a P834 million loan from Rizal Commercial Banking Corp. (RCBC) for its solar power project in Dagohoy, Bohol. The amount will be used for the construction of the 27-megawatt renewable energy project, which is expected to be complete by fourth...
Ayala-led ACEN Australia inked a deal with Marubeni Asian Power Singapore to develop a battery energy storage system (BESS) in New South Wales, Australia. In a disclosure to the Philippine Stock Exchange on Tuesday, Mar. 5, ACEN said the company and Marubeni are set to produce 200 megawatts (MW)...
BACOLOD CITY – Citicore Renewable Energy Corp. (CREC) has invested P3 billion for the expansion of their solar power plant in Barangay E. Lopez, Silay City, Negros Occidental. CREC President and Chief Executive Officer (CEO) Oliver Tan, CREC Chairman Edgar Saavedra, Silay City Mayor Joedith...
The FDC Green Energy Corp. (FDCGEC) has announced plans to expand its solar power project in Misamis Oriental, driven by the expected surge in electricity demand. In a statement, the Filinvest Group’s power arm said its soon-to-rise solar power project in the PHIVIDEC Industrial Estate will...
Aboitiz Power Corp. (AboitizPower) is bracing for a challenging year, with expectations of increased electricity demand, global supply chain uncertainties, and the impact of the El Niño phenomenon creating tight market conditions. In a statement, Emmanuel Rubio, AboitizPower president and chief...
Ayala-led ACEN Corp. is injecting more capital into its six subsidiaries to bolster the development of renewable energy (RE) projects in the country. ACEN, in its filings with the Philippine Stock Exchange, said that it has entered into agreements for the purchase of unissued shares in Giga Ace 6,...
Liberty Solar Energy Corp. (LSEC), a subsidiary of the renewable power pioneer Alternergy Holdings Corp. (Alternergy) received an operating contract from the Department of Energy (DOE) for the Apulid Solar Project in Paniqui, Tarlac. In a disclosure to the Philippine Stock Exchange (PSE),...
