Renewable energy (RE) developer SN Aboitiz Power Group (SNAP) has acquired funding from local banks to expand its battery energy storage systems (BESS) in Isabela and Benguet. In a disclosure to the Philippine Stock Exchange on Tuesday, Feb. 18, SNAP reported that it has secured financing from...
Basic Energy Corporation (BEC) announced that Japanese renewable energy (RE) firm Renova Inc. is set to contribute its expertise and resources to the Mabini wind energy project. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, Feb. 17, BEC and Renova announced the completion of...
To help address power strains and bring in new power transmission, the Energy Regulatory Commission (ERC) has approved four capital expenditure (capex) projects of the National Grid Corporation of the Philippines (NGCP). According to the ERC on Feb. 12, NGCP received a green light for three...
Data on power consumption, generation costs, and generation rates from 36 GEOP-registered meters A new study by The Climate Reality Project Philippines has revealed the significant benefits of renewable energy for Philippine businesses. By enabling companies to switch to 100 percent...
Following the launch of the third Green Energy Auction (GEA-3), the Department of Energy (DOE) announced that submitted offers for renewable energy (RE) technologies from qualified bidders exceeded the initial capacity target. In a statement on Wednesday, Feb. 12, the DOE reported that the total...
SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, has signed an agreement with TeaM (Philippines) Energy Corporation (TPEC) for the installation of over 33,000 square meters of solar panels on the rooftops of four SM malls. In a disclosure to the Philippine Stock...
The Department of Energy (DOE) announced an increase in renewable energy (RE) integration, with new capacity added to the grid last year exceeding the total installed over the past three years. In a statement released on Tuesday, Feb. 11, the DOE reported that 794.34 megawatts (MW) of new RE...
The Independent Electricity Market Operator of the Philippines (IEMOP) expects an increase in Renewable Energy Certificate (REC) issuance, driven by the ongoing Green Energy Auction Program (GEAP). Chris Warren C. Manalo, assistant manager of IEMOP’s market simulation and analysis division,...
Saavedra-led Citicore Energy REIT Corporation (CREIT), the country’s first renewable energy (RE) real estate investment trust, has been assigned a strong Issuer Credit Rating of PRS Aa plus (corp.), with a Stable Outlook by Philippine Rating Services Corporation. An Issuer Credit Rating is an...
A total of 149 power generation and transmission projects have received the Certificate of Energy Projects of National Significance (CEPNS) from the Department of Energy (DOE), assuring them of priority processing and faster permit approvals. In a statement on Monday, Feb. 10, the DOE said these...
If you dismiss the impeachment saga of Vice President Sara Duterte as just another rerun in the Philippine political circus, think again - because while we may be desensitized to that kind of drama, foreign investors are watching with sharp eyes, questioning the country’s political stability and...
The Department of Energy (DOE) shared that financial partnerships and government support will play a key role in de-risking geothermal exploration in the country, as its costs are expected to decrease over the next 20 years. During a University of the Philippines (UP) lecture on the country's...
