The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Thursday, Oct. 19 said two weather systems will bring cloudy weather with rain showers over parts of the country in the next 24 hours. Photo credit to MB Visual Content Group PAGASA said the shear...
Listed firm Alternergy Holdings Corporation (Alternergy) logged financial rebound in the current fiscal year with an income of P38 million, effectively reversing a net loss of P145.2 million in a comparable period last year. The company’s cash balance also escalated significantly by 113% to...
Senator Sherwin Gatchalian has called on the government to hasten the development of transmission facilities for offshore wind (OSW) projects to boost the renewable energy (RE) sector’s contribution to the country’s energy requirements. Gatchalian also said doing so would secure the...
Filipino-European firm Triconti Windkraft Group has brought in Liechtenstein-headquartered Sea Wind Holding AG as its new partner to help advance its 1,500 megawatts of offshore wind (OSW) farm developments into commercial fruition. “Seawind joins the consortium to fast track the...
The trough or extension of a low pressure area (LPA) and a super typhoon outside the country’s area of responsibility may bring scattered rain showers and thunderstorms over parts of the country in the next 24 hours, said the Philippine Atmospheric, Geophysical and Astronomical Services...
Rain showers may continue to affect parts of the country due to the trough of a low pressure area (LPA) and the northeasterly surface wind flow, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said on Friday, Oct. 13. PAGASA weather specialist Aldczar...
The Department of Energy (DOE) will assume responsibility in the ‘foreshore lease agreement’ that the foreign investors will need to enter into with the Philippine government for their offshore wind (OSW) projects. Energy Undersecretary Rowena L. Guevara indicated that the DOE can serve as the...
The Department of Energy (DOE) is working on a policy that will underpin investments as well as the development of hydrogen technology for application across multiple industries in the country – primarily the need for retrofit of some power generating facilities as well as energy storage systems....
The board of directors of renewable energy pioneer Alternergy Holdings Corporation has given go-signal on the reallocation of substantial portion of its initial public offering (IPO) proceeds to bankroll the construction of its two major wind power projects. With that decision, the company conveyed...
Investors from Denmark are eyeing to join the tender process for the propounded multi-billion power transmission projects that the government is targeting to offer via its Smart and Green Grid System (SGGS) development platform. According to Denmark Ambassador to the Philippines Franz-Michael...
The Department of Energy (DOE) has cornered at least 13 offers for renewable energy (RE) projects across hydro, geothermal and wind energy technologies that had been auctioned via the 4th Open and Competitive Selection Process (OCSP4) carried out by the agency. The energy department conveyed that...
Publicly-listed firm Alternergy Holdings Corporation has tapped three investment banks to raise P12 billion worth of loans to bankroll the company’s wind power projects to be sited in Rizal and Quezon provinces. For the targeted fund raising activity, the pioneer renewable energy company had...
