Singapore-headquartered investment fund Clime Capital will be injecting up to $10 million for the solar rooftop installations in the commercial and industrial (C&I) space as well utility-scale ventures to be undertaken by Upgrade Energy Philippines (UGEP), a joint venture between Aboitiz Power...
Filipino firm Upgrade Energy Philippines (UGEP) is casting an ambitious target of 700 megawatts for rooftop and ground-mounted solar installations across commercial and industrial (C&I) customers that it is targeting to accomplish by 2028. So far, the first major project delivered by the...
PetroSolar Corporation (PSC), which is a subsidiary of Yuchengco-led PetroGreen Energy Corporation (PGEC), has cemented a power supply agreement (PSA) with Shell Energy Philippines Inc. for a capacity delivery that shall be drawn from the former’s 20-megawatt Tarlac-2 solar farm that is sited at...
AboitizPower Distributed Renewables Inc. (APX), a subsidiary of leading energy producer Aboitiz Power Corporation, has cemented a joint venture deal with emerging energy solutions firm Upgrade Energy Philippines Inc. (UGEP) for targeted solar rooftop projects in the country. In a statement to the...
Power utility giant Manila Electric Company (Meralco) divulged that it received new offers for one-year contract to cover 670 megawatts of capacity that will replace the cheaper fixed price contract of the Ilijan gas-fired power plant of South Premiere Power Corporation (SPPC) of the San Miguel...
The prospective bidders in the 650-megawatt Malaya thermal power plant had been trimmed to two companies, from originally 4 to 5 companies, but state-run Power Sector Assets and Liabilities Management Corporation (PSALM) said it is still keen on divesting the facility via a negotiated deal by May 7...
The Philippine Stock Exchange has approved the stock offerings of Monde Nissin Corporation and AC Energy Corporation which, combined, will raise up to P88.9 billion from the equities market in May. For its initial public offering (IPO), Monde Nissin Corporation will be raising up to P72.45 billion....
The Philippine subsidiary of energy giant Royal Dutch Shell is stepping up on its diversification in power, with the launch of a new corporate vehicle – the Shell Energy Philippines Inc. - that will focus on investments in electricity generation sub-segment of the energy sector. “As we continue...
Ayala-owned AC Energy Philippines Inc. (ACEN) will be investing P250 million in its subsidiary firm Buendia Christiana Holdings Corporation (BCHC) via shares subscription arrangement. The company disclosed to the Philippine Stock Exchange (PSE) that it already signed a subscription agreement with...
