COPENHAGEN – A government-to-government collaboration is currently being discussed between the Philippines and Denmark for an "advisory work" that the Danish Energy Agency (DEA) could extend to the emerging offshore wind industry of the Philippines. In meetings with various relevant agencies in...
COPENHAGEN- The joint venture of Danish firm Copenhagen Energy A/S (CE) and Yuchengco-led PetroGreen Energy Corporation under corporate vehicle Buhawind Energy will be investing €8.0 billion to €12 billion, approximately P493.8 billion to P740.8 billion, for three offshore wind projects in the...
Motorists will have another week of reprieve at the gas pumps as oil prices will be on hefty rollback by Tuesday, May 2, based on the calculation of the oil companies. According to industry players, the price of gasoline products will be trimmed by P1.50 to P1.90 per liter; while diesel will be down...
COPENHAGEN - The government, through the Department of Energy (DOE), is seen pushing for "state financing" to fast track grid integration of large-scale renewable energy and other power projects that must be developed within the Marcos administration. In his speech at the WindEurope 2023...
COPENHAGEN -- An “Asian training hub’ in the Philippines for upskilling and reskilling of talents in the offshore wind industry is being explored with private Danish firms as well as the government of Denmark, so there will be an institution where pool of talents can gain broader expertise on...
ESBJERG, Denmark – The re-purposing of the country’s major ports will be very crucial for a successful larges-scale offshore wind farm projects in the country, according to Energy Secretary Raphael P. M. Lotilla. In a visit of the Philippine delegation to the facilities of the Blue Water...
COPENHAGEN – Energy Secretary Raphael P.M. Lotilla will take the podium at the world's largest energy event happening here this week to present the investment opportunities that the Philippine energy sector will be opening up to global investors, primarily the massive renewable energy (RE)...
With record-breaking temperatures this summer, power system operator National Grid Corp. of the Philippines (NGCP) indicated that electricity demand in Luzon already surpassed last year’s level as recorded on Wednesday, April 19. Data showed that power demand in the Luzon grid reached record-high...
Through Executive Order (EO) No. 21 that was issued on April 19 this year, President Ferdinand Marcos Jr. has mandated the integration of all permits for offshore wind (OSW) projects into the Energy Virtual One-Stop Shop (EVOSS) platform, a system of inter-agency energy project permitting...
Consumers will have new round of financial breather at the pumps next week, as oil prices will be on rollback, according to estimates by industry players. Based on calculations, the price of gasoline products will be trimmed by P1.65 to P1.95 per liter, while diesel products will have a reduction of...
The Philippine Electricity Market Corporation (PEMC) and Independent Electricity Market Corporation of the Philippines (IEMOP) said they have clearly "demarcated" the respective functions of each entity in the operation of the Renewable Energy Market (REM), which will serve as added layer of...
A "lucrative contract" with up to 40-year duration is being dangled to renewable energy (RE) developers joining the second round of RE auction covering 11,600 megawatts to be held on June 19 this year. The reference (TOR) issued by the Department of Energy (DOE) emphasized that the initial term of...
