The Department of Energy (DOE) is anticipating capacity injection of additional 1,300 megawatts of coal capacities in the next few years before renewable energy (RE) could overtake that traditionally-dominant fossil fuel technology in the energy mix by 2028. Energy Undersecretary Rowena Cristina...
At least two port facilities that will support the development of offshore wind projects in the country are being proposed for inclusion in the General Appropriations Act (GAA) or the country’s national budget for next year. According to Energy Undersecretary Rowena Cristina L. Guevara, priority...
By Myrna M. Velasco Investors on pipelined offshore wind developments in the country are amenable to a P10 to P16 per kilowatt hour (kWh) prospective reserve price for contracted capacity on their projects once the green energy auction (GEA) for the technology will be carried out by the Department...
Ayala-led ACEN Corporation had secured $150 million green term loan to bankroll the development of its pipelined renewable energy (RE) projects in the Asia Pacific region. The credit facility will have a five-year repayment period; and this was availed of via its subsidiary ACEN Renewables...
Filipino-led renewable energy (RE) firm NexGen Energy Corp. (XG) had secured regulatory approvals for its initial public offering (IPO), which will wind up at its July 16 listing at the local bourse. The company announced that it cornered both the go-signal of the Securities and Exchange Commission...
Singapore-headquartered Nexif Ratch Energy Investments Pte. Ltd. (NREI) has secured "green lane" certification from the Board of Investments (BOI) that will streamline the permitting processes for its wind and solar projects in the Philippines. According to the company, the green lane endorsement...
Camarines Sur 2nd district Rep. LRay Villafuerte (Rep. Villafuerte's office) Camarines Sur 2nd district Rep. LRay Villafuerte has highlighted the potential benefits that the province's 7,668-megawatts (MW) offshore wind (OSW) projects will provide to...
Renewable power pioneer Alternergy Holdings Corp. signed a green corporate loan with Banco De Oro Unibank, Inc. (BDO) to pursue the construction of its renewable energy projects in Rizal, Quezon, and Bataan. In a disclosure to the Philippine Stock Exchange (PSE), Alternergy said it secured P2...
Typhoon “Aghon” (international name: Ewiniar) left the Philippine area of responsibility on Wednesday noon, May 29. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) last located Aghon 1,205 kilometers east-northeast of extreme northern Luzon. Although...
The southwesterly wind flow, enhanced by Typhoon “Aghon” (international name: Ewiniar) may continue to bring rainy and gusty conditions over parts of the country in the next three days, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said on Wednesday,...
Renewable power pioneer Alternergy Holdings Corp. announced that the Tanay wind power project has received P8 billion in financing. Alternergy’s wholly-owned subsidiary, Altenergy Tanay Wind Corp. (ATWC) said it secured a loan to construct the 112-megawatt (MW) power project in Rizal province....
The southwesterly wind flow, a precursor of the approaching rainy season, is currently prevailing and may bring rains to some areas in the western sections of Luzon and Visayas in the next three days. In the 11 a.m. weather advisory on Tuesday, May 28, the Philippine Atmospheric, Geophysical and...
