SP New Energy Corporation (SPNEC), a solar power producer controlled by Manila Electric Company (Meralco) through Meralco Power Gen Corporation (MGen), looking at developing another massive solar farm in Southern Luzon. In an interview, Meralco Chairman Manuel V. Pangilinan said SPNEC is putting up...
HOUSTON —TerraPower, a nuclear energy company founded by American billionaire Bill Gates, has announced a partnership with engineering solutions firm KBR Inc. to deploy its Natrium-based small modular reactor (SMR) technology to energy markets around the world. TerraPower said, “Natrium...
HOUSTON – The world is going all-in on tripling nuclear power capacity by 2050, and at the forefront of this grand race are Silicon Valley’s hyperscalers and global corporate behemoths that have been wagering heavily on uranium-powered fleets to supercharge artificial intelligence (AI)...
The Energy Regulatory Commission (ERC) has approved power supply agreements (PSAs) between San Miguel Global Power Holdings Corp.’s (SMGP) newly acquired coal power plant and two electric cooperatives (ECs). In a notice posted by the ERC, Southern Leyte Electric Cooperative (SOLECO) and Leyte III...
Relectionist Senator Francis 'Tol' Tolentino backed the development of nuclear energy to ease the country's long-standing woes on expensive electricity, which drives up production cost and prices. Reelectionist Senator Francis 'Tol' Tolentino says it is high time for the Philippines to turn to...
Meralco PowerGen Corp. (MGen) is exploring a potential backdoor listing for its renewable energy (RE) unit, MGen Renewable Energy Inc. (MGreen). In a disclosure to the Philippine Stock Exchange on Friday, March 14, SP New Energy Corporation (SPNEC), an Meralco group subsidiary, stated that MGen is...
The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to refund nearly ₱20 billion to its customers within a three-year period. In a notice posted on Thursday, March 13, the ERC announced that Meralco is set to refund a total of ₱19.95 billion, which are costs from...
The Department of Energy (DOE) and the Energy Regulatory Commission (ERC) should ensure there is reliable power supply ahead as the country braces for the summer season. Sen. Sherwin Gatchalian pointed this out as he urged both the DOE and the ERC to ensure generation companies are compliant...
Citicore Energy REIT Corp. (CREIT), through its subsidiary Citicore Solar Batangas I, Inc. (CSBat1), has filed an application with the Energy Regulatory Commission (ERC) seeking approval for the construction of point-to-point interconnection facilities. In a notice posted by the ERC, CSBat1...
The Department of Energy (DOE) has sought transparency and efficient processing of energy projects through active collaboration with local government units (LGUs). In a statement on Thursday, March 13, the DOE said it is ramping up its efforts to streamline permitting processes to attract...
In an era where sustainability is no longer just a corporate trend but an urgent global priority, the Green Energy Option Program (GEOP) is proving to be a game-changer for businesses in the Philippines. With an impressive 98 percent retention rate in 2024, the program is delivering substantial...
The Department of Energy (DOE) has opened the fourth Green Energy Auction (GEA 4) through its newly released bidding framework. In a statement on Wednesday, March 12, the DOE unveiled the terms of reference (TOR) which lays out the technical, financial, and commercial requirements that would manage...
