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...
Investment czar and Department of Finance (DOF) Secretary Frederick D. Go is advancing the development of what is expected to become the Philippines’ and Southeast Asia’s first offshore wind farm, reinforcing the Marcos administration’s push to attract large-scale renewable energy (RE)...
Cebu-based Vivant Energy Corp. (VEC) has acquired a 100 percent stake in Samar Philippines Renewable Corporation, giving the power firm full control of a 200-megawatt (MW) utility-scale wind development in the central Philippines. In a statement on Wednesday, June 24, VEC said the full buyout of...
The Global Wind Energy Council (GWEC), an international wind industry association, has identified strategic investments in port infrastructure as the critical catalyst for unlocking billions of dollars in the Philippines’ offshore wind (OSW) sector. In its latest report released on Monday, June...
SINGAPORE — The Philippines is among the countries best positioned to help meet Asia’s rapidly growing electricity needs, with its rich geothermal resources as well as expanding wind and solar sectors offering significant potential for renewable energy (RE) development, according to...
There are non-renewable energy sources, which primarily rely on fossil fuels, and renewable energy sources which are derived from naturally replenished resources. If you are considering which renewable energy sources to explore, you may wish to follow the advice of Nobel Prize-winning...
BACOLOD CITY – The Bago Negros Energy Corp. (BNEC) broke ground for the construction of the 150-megawatt (MW) wind power project, the first of its kind in Negros Island Region, in a ceremony held in Barangay Calumangan on Wednesday. With a total initial project cost of P9.78 billion, the BNEC...
