“We’ve got the POWER" will soon roar as a confident declaration of industry and government collaboration. The trailblazing initiative that is already gaining traction among serious investors and industry players is the institutionalization of the Pilipinas Offshore Wind Energy Resource...
The consolidated net income of Yuchengco-led PetroEnergy Resources Corporation’s (PERC) had climbed 29% to P874 million as of end-September this year as against a leaner P677 million within a comparative period in 2022. For the third quarter alone, the company posted a profit of P282.696 million,...
The financial future of Filipino-led Alternergy Holdings Corporation is treading through favorable prospects as it logged net income upturn to P96.98 million in the initial quarter of fiscal year 2024 versus P1.66 million in the same period last year. In a disclosure to the Philippine Stock...
The equity sell-down on its Salak and Darajat geothermal power assets in Indonesia had propelled profitability upturn for Ayala-led ACEN Corporation in the first three quarters to P6.6 billion, higher by 59-percent from P4.1 billion in a comparative period last year. In terms of core operating...
Altenergy Tanay Wind Corp. (ATWC) has forged a revenue-sharing agreement with the provincial government of Rizal for a wind power project. In a disclosure to the Philippine Stock Exchange on Tuesday, Oct. 10, ATWC, a subsidiary of Alternergy Holdings Corp., announced the signing of a lease contract...
SEOUL – The conversion of gas pipelines as well as on-site production can help reduce the cost of hydrogen to commercially viable proportion and for it to thrive as a practicable energy solution starting in the 2030 timeframe, according to studies and assessments of UK-headquartered multinational...
Renewable power pioneer and publicly listed Alternergy Holdings Corp. said it will develop a wind farm on the island of Alabat, Quezon. In a statement, Alternergy said the Provincial Development Council (PDC) of Quezon Province approved the construction of Alabat Wind Power, a renewable project....
SEOUL – European firm Tractebel Engineering is offering latest innovation on floating substations as technology solution for gigawatt-scale offshore wind farm projects currently being advanced in various energy markets in the Asian region. At the ongoing 2nd Korea Offshore Wind and Hydrogen...
Yindjibarndi Energy Corporation (YEC), a subsidiary of Ayala-led ACEN Corporation has inked a preliminary deal with London-headquartered Rio Tinto for development collaboration on the latter’s targeted energy usage shift to renewable energy in its Australian mining operations. In a press...
Two weather systems will continue to affect Central and Northern Luzon over the next 24 hours, bringing rains to parts of the country, said the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Friday, Oct. 20. The northeasterly wind flow, or the initial blast...
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...
