An estimated P1.031 trillion worth of foreign investments in renewable projects are expected to pour into the Philippines, Trade and Industry Secretary Alfredo E. Pascual announced. In a statement, Pascual said that the biggest of these projects is the P360-billion (€6 billion) offshore wind...
The board of directors of listed Filipino firm Basic Energy Corporation had given go-signal for budget allocation that will enable the company to deploy additional equipment to fully hat could comprehensively gauge the electricity generation potential of its targeted 50-megawatt wind power...
More than a decade ago, the contours of renewable energy (RE) investments in the Philippines had been framed and are being re-shaped through the years – and the nuances of project developments had always been complicated and tricky. Through it all, there’s one company that had witnessed from...
The Department of Energy (DOE) has finally issued the Circular that will ultimately open up the renewable energy (RE) sector to 100 percent foreign ownership, primarily for installations in the wind and solar investment space. Department Circular No. (DC) 2022-11-0034 issued by Energy Secretary...
President Ferdinand "Bongbong" Marcos Jr. has given the Department of Energy (DOE) the greenlight for its plan to explore and develop the country's offshore wind (OSW) potential as a source of clean and sustainable energy. (Photo courtesy of the Office of the President) Marcos ordered DOE Secretary...
Owing to higher electricity sales and the uptick in oil prices, Yuchengco-led PetroEnergy Resources Corporation (PERC) has posted 31-percent income jump to P506 million in the first half this 2022 from leaner P386 million in the same period last year. “The robust financial performance was largely...
The Department of Energy (DOE) is studying prospects of opening up the renewable energy (RE) sector to 100 percent foreign ownership, primarily in the domain of solar and wind farm installations, for the manufacturing sector. Energy Secretary Raphael P.M. Lotilla raised this possibility as he...
Ayala-led ACEN Corporation has inked a deal with European industrial giant Siemens Gamesa Renewable Energy Technology (SGRE) for the procurement of wind turbines to be deployed to its 70-megawatt wind farm project in Ilocos Norte. According to the Ayala company, Siemens Gamesa will supply and...
ACEN Corporation, the energy investment arm of the Ayala group, will be issuing P30-billion worth of debt securities to bankroll its array of renewable energy projects. In a disclosure to the Philippine Stock Exchange (PSE), the company indicated that it will file an application with the Securities...
President Ferdinand "Bongbong" Marcos Jr. highlighted during his inaugural address Thursday, June 30, the famous wind farm project in Ilocos Norte as being his handiwork. (Photos from Wikipedia, MANILA BULLETIN) Marcos brought up the project while as he tackled environmental sustainability in his...
Bureaucratic and legislative kinks must be ironed out first before the incoming Marcos administration can allow the 100 percent foreign ownership of power generation ventures in the country. President-elect Bongbong Marcos (Noel Pabalate/ MANILA BULLETIN) President-elect Bongbong Marcos's...
Makati 2nd district Rep. Luis Campos Jr. is urging President-elect Ferdinand “Bongbong” Marcos Jr. to develop offshore wind farms in the West Philippine Sea (WPS) following Marcos’s meeting with the Norwegian Ambassador. Bangui Wind Farm (Wikipedia) “Offshore wind farms in the West...
