LONDON, England – The Department of Energy (DOE) is seriously planning installations for a ‘parallel green grid system’ that will underpin the integration of mammoth renewable energy (RE) facilities, primarily the 50-gigawatt offshore wind (OSW) ramp up which is the dominant technology cast...
Ayala-led ACEN Corporation has committed tripling of investments in the Australian energy market to AU$6 billion until 2026; and that primarily gained recognition from visiting Australian Prime Minister Anthony Albanese. The Australian leader’s acknowledgment of the core ventures of the Ayala...
Investors from Norway and the United Kingdom who are placing their investment bets in the offshore wind industry of the Philippines have been reinforcing collaboration initiatives with the Philippine government on sorting out major bottlenecks that could stifle planned capital flow in the nascent...
Foreign investors in the offshore wind industry are being perturbed with another round of policy uncertainty being thrown their way – this time, it is on the plan of the Department of Environment and Natural Resources (DENR) to enforce "seabed lease" for them to secure rights for ocean floor or...
The power generation subsidiary of Manila Electric Company (Meralco) will ramp up its renewable energy (RE) capacity installations to 2,000 megawatts (2.0 gigawatts) backed by P18 billion in committed investments. “The investment will cover over 2GW of gross RE capacity from solar and wind that...
Aboitiz Renewables, Inc. (ARI), a subsidiary of Aboitiz Power Corporation, has cemented a joint venture deal with Singapore-headquartered Vena Energy (Vena Energy) for the planned 102-megawatt wind farm installation that will straddle Rizal and Laguna sites. In a statement to the media on Thursday,...
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Thursday, July 27 lifted all tropical cyclone wind signals as typhoon Egay (international name: Doksuri) continued to move farther away from the country. In its 11 p.m. bulletin, PAGASA said the center of...
Foreign investors in the renewable energy (RE) sector, especially those who applied for 100-percent foreign ownership n offshore wind (OSW) service contracts, are facing snag due to the foreshore land lease policy of the Department of Environment and Natural Resources (DENR). This investment dilemma...
Typhoon Egay (international name: Doksuri) moved closer to the country on Monday, July 24, prompting the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) to issue tropical cyclone wind signals over several areas in Luzon and Visayas. In its 11 a.m. bulletin,...
Tropical cyclone Egay is approaching severe tropical storm status and will continue to intensify rapidly over the next 72 hours, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said on Sunday, July 23. PAGASA, in its 5 a.m. bulletin, said Egay intensified...
Tropical cyclone wind signals may be hoisted over some parts of Bicol Region and Eastern Visayas on Friday evening, July 21, or Saturday morning, July 22, in anticipation of strong winds from tropical depression Egay, said the Philippine Atmospheric, Geophysical and Astronomical Services...
Ayala-led ACEN Corporation and Australian partner Yindjibarndi Aboriginal Corporation (YAC) have agreed an initial AU$1.0-billion investment for their planned 750-megawatt solar and wind farm with battery storage project in Australia. In a statement, ACEN said that the investment will form part...
