Listed Filipino firm Basic Energy Corporation has sealed a 50:50 joint venture pact with Japanese firm Renova Inc. for the commercial development of Mabini wind power project that could potentially yield 50-megawatt capacity addition to the country’s power supply. Basic Energy announced that the...
Equity acquisition in existing renewable energy (RE) projects had driven up the net income of Yuchengco-led PetroEnergy Resources Corporation (PERC) by 9.0% last year to P944 million from P863 million in 2022. The corresponding portfolio boost, according to the company, likewise shored up its...
Following the recent interconnection deal for the Alabat wind project, Alternergy Holdings Corp. (Alternergy) signed a new deal with the National Grid Corporation (NGCP) for the Tanay Wind Power Project in Rizal. Alternergy’s subsidiary, the Alternergy Tanay Wind Corpo. (ATWC), and the NGCP...
The 14-megawat second phase of the Nabas wind farm project of Yuchengco-led PetroWind Energy Inc. (PWEI) has started shoring up power supply for the energy-strained Panay island after securing warranted clearances from relevant authorities and entities in the market. Prior to its injection of...
Lopez-led First Gen Corporation will be turning the stretch of its hydropower complex in Pantabangan, Nueva Ecija as a ‘mecca of green energy’, with new sites around the area already tagged for its planned solar and wind farm installations that will be amalgamated with battery energy storage...
Renewable energy (RE) developments in the Alabat Wind Power Project are in full swing, as the Alabat Wind Power Corp. (AWPC) signed an interconnection agreement with the National Grid Corporation of the Philippines (NGCP). The agreement between the grid firm and the subsidiary of Alternergy...
The Philippine Stock Exchange (PSE) has given the greenlight for the listing of the P1.45 billion worth of shares subscription that state-run Government Service Insurance System (GSIS) had exercised for the 100 million preferred shares of renewable energy firm Alternergy Holdings Corporation. The...
Publicly listed Alternergy Holdings Corporation (Alternergy) had engaged China Energy Engineering Group Guangdong Electric Power Design Institute Co. Ltd. (GEDI), along with its Philippine subsidiary GEDI Construction Development Corporation (GCDC) as engineering, procurement and construction (EPC)...
ILOILO CITY – The Department of Science and Technology is partnering with two universities to pilot a wind-turbine project in Concepcion, Iloilo. DOST-Iloilo Provincial Director Engr. Sheila Oberio, DOST-6 head of Research and Development Section, CPU representatives, and NISU-AREC...
European firm Mainstream Renewable Power (Mainstream) has signed service contracts with the Department of Energy (DOE) for two greenfield onshore wind power projects to be developed separately at demarcated sites in Luzon and Visayas grids. The service contracts were secured by Mainstream on 100%...
With its continuous commitment to uphold climate action and the mission to expedite the transition of energy across the Asia Pacific region, Vena Energy expresses support for the country’s effort and active promotion of renewables in the energy mix, lowers prices, employment increases, and...
Sponsor-firms of offshore wind farm projects will have to prepare for a tedious process of securing two-tiered environmental compliance certificates (ECCs) from the Department of Environment and Natural Resources (DENR) – and that shall comprise of an interim ECC during pre-development phase;...
