PARIS, France -- Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after exceeding $1 trillion last year, a report on Tuesday said. Despite the milestone, spending on energy transition technology must immediately triple to meet the target of...
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...
Citicore Energy REIT Corp. (CREIT or the Company), the country’s first renewable energy (RE) real estate investment trust has set the coupon rate for its P4.5 billion maiden ASEAN Green Bond Offering. In a disclosure to the Philippine Stock Exchange, the firm said it has also received its Permit...
DAVAO CITY – The Japan International Cooperation Agency (JICA) is not involved in the proposed construction of the waste-to-energy (WTE) project of the Davao City government contrary to claims made by various groups here, the agency’s executive said. In a statement dated Jan. 26, Ide Soichiro,...
As the country’s energy insecurity has been turning into an even more distressing situation because of the depletion of its sole commercial gas field, the Department of Energy (DOE) has granted go-signal to the proposed development of a small-scale liquefied natural gas (LNG) terminal in...
Solar Philippines Power Project Holdings, Inc. (SP) is opening up subsidiary SP New Energy Corporation (SPNEC) to more strategic partners as it is planning private placements worth about P2.7 billion through asset-for-share swaps. In a disclosure to the Philippine Stock Exchange, SP said the...
DAVAO CITY – The 5.013-billion yen or P2.052-billion donation of the Japan International Cooperation Agency (JICA) in 2018 for the construction of a waste-to-energy project in Davao City is still available, First District Councilor Temujin “Tek” Ocampo said. In an interview, Ocampo said that...
DAVOS, Switzerland -- While calling for an end to the global energy crisis, participants at the World Economic Forum Annual Meeting 2023 also saw the crisis as an opportunity to accelerate the world's transition toward clean energy. Adam Tooze, director of the European Institute at Columbia...
DAVAO CITY – The Mindanao Development Authority (MinDA) said more sources of renewable energy will be added to the Mindanao grid between 2023 and 2028 that will balance out the current power mix of the island at 70-30 in favor of fossil fuels. MinDA Assistant Secretary Romeo Montenegro said that...
A consortium led by Metro Clark Waste Management (MCWM), which operates a 100-hectare disposal facility in Clark, Pampanga, is pushing for its $220-$250 million proposal to set up a waste-to-energy (WTE) project aligned with the country's sustainability efforts. In a statement, MCWM said the...
In a media briefing last week, Department of Energy (DOE) Undersecretary Rowena Cristina Guevara said that the Luzon grid could be distressed with 12 incidents of yellow alerts for eight months this year, a condition in the power system entailing insufficiency of power reserves. This forecast is...
The Makati Business Club (MBC) has expressed its support for the Energy Regulatory Commission’s efforts to secure adequate and affordable electricity supply by pursuing transparent, accountable, and investment-friendly policies. The Makati-based business group issued the statement Wednesday, Jan....
