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...
Listed firm Alternergy Holdings Corporation (Alternergy) is well on its way into building up its renewable energy (RE) portfolio after winning three additional contracts from the State-managed Green Energy Auction-2 (GEA-2) program. The awarded project-contracts to be covered by 20-year power supply...
Filipino firm Citicore Renewable Energy Corporation (CREC) emerged as one of the "big winners" in the recently concluded second Green Energy Auction (GEA-2) of the government, cornering 916.58 megawatts that will firmly cement its foothold as one of the emerging major players in the renewable energy...
The Department of Energy (DOE) has issued notice of awards (NOAs) to 105 winning bids in the second round of green energy auction (GEA-2), an exercise that partly fulfills the country's renewable energy (RE) development roadmap. The winning project-developers will be awarded with 20-year power...
Listed firm Basic Energy Corporation is eyeing to develop a 155-megawatt onshore wind farm power facility that will straddle sites in San Joaquin and Miag-ao in Iloilo; and also at Hamtic in Antique. The company apprised the Philippine Stock Exchange (PSE) that it just recently secured the approval...
