Renewable energy (RE) projects under the Feed-in-Tariff (FIT) mechanism saved consumers ₱0.3916 per kilowatt-hour (kWh) across 2024 and 2025, according to energy think tank Institute for Climate and Sustainable Cities (ICSC). In a statement on Wednesday, Aug. 26, ICSC highlighted that these...
Ayala-led ACEN Corp. is selling as much as a 49 percent stake in Indian wind power project developer Avana Renewables to its local joint venture partner as part of its ongoing capital recycling program. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Aug. 18, ACEN said its unit,...
Ayala-led ACEN Corp. has completed upgrades to its 52-megawatt (MW) NorthWind project in Bangui Bay, Ilocos Norte, extending the operational lifespan and boosting the output of Southeast Asia’s first commercial wind farm. In a statement, the Ayala group 's energy platform said the completion...
South Korean actress Moon Geun Young has married longtime boyfriend and musical actor Jung Pyeong, her agency confirmed, ending years of speculation about the couple 's relationship. The actress recently tied the knot in a private family gathering instead of holding a traditional wedding...
The Department of Energy (DOE) plans to begin its delayed offshore wind power tender on Dec. 1, rebooting the landmark auction meant to anchor the country’s transition toward cleaner power generation. Energy Undersecretary Rowena Guevara said in a briefing on Tuesday, July 28, that the fifth...
Alternergy Holdings Corp. and ABC Energy Inc. completed their ₱2.3 billion transaction for two wind power projects, securing financial backing as the facilities prepare to begin commercial operations later this year. Under the finalized agreement, ABC Energy acquired a 40 percent equity stake in...
Aboitiz Power Corp.’s renewable energy arm plans to build a ₱8.4 billion wind farm in Ilocos Norte, expanding its clean energy footprint as the government pushes to transition away from fossil fuels. Based on documents submitted to the Department of Environment and Natural Resources’ (DENR)...
The Department of Energy (DOE) revamped its clean energy bidding program, expanding the installation targets for waste-to-energy projects while temporarily halting its offshore wind auction to adjust for grid and regulatory bottlenecks. In a statement, the DOE said the adjustments aim to attract...
The Department of Energy (DOE) has indefinitely suspended its landmark fifth round of the Green Energy Auction Program (GEA-5), dealing a temporary setback to the Philippines’ most ambitious offshore wind energy tender to date. The DOE issued an official advisory putting all activities and...
ACEN Corp. agreed to sell a minority stake in an Indian wind farm to a Dutch investor. In a disclosure to the Philippine Stock Exchange on Monday, July 6, the renewable energy platform of the Ayala Group said it will divest a 49 percent stake in Diyos Renewables India Project Private Ltd. to...
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Sunday, July 5, warned that approaching Super Typhoon Bavi could trigger tropical cyclone wind signals and bring rains across parts of the country starting Wednesday, July 8. As of 8 a.m. Sunday, the super...
The Philippines, still under a state of national energy emergency, has secured a record $1.02-billion World Bank Group (WBG) financing package to help lower electricity costs, accelerate renewable energy (RE) adoption, and strengthen water services nationwide. In a press release dated June 25 and...
