China Banking Corporation (Chinabank) has partnered with ACEN Renewable Energy Solutions (ACEN RES), a subsidiary of the Ayala Group, to transition its two main facilities to clean energy. In a statement, the bank said the move is intended to reduce its carbon emissions and contribute to the...
FILE - Wind turbines at the Buckeye Wind Energy are diffused by heat vapors as they are silhouetted against the rising sun, Sept. 30, 2024, near Hays, Kan. (AP Photo/Charlie Riedel, File) A report out Thursday said a record 47 percent of the European Union's electricity came from renewable sources...
Basic Energy Corporation (BEC) is advancing its wind power project in Batangas by completing a Wind Resource Assessment (WRA). In a disclosure to the Philippine Stock Exchange on Wednesday, Jan. 22, BEC said it has received a comprehensive, bankable report and an Annual Energy Production (AEP)...
A disagreement over how much the government should pay to electrify remote areas in the country has caused the Energy Regulatory Commission (ERC) to delay funding requests from the National Power Corporation (NPC). The ERC announced that it deferred action on 14 applications from NPC for Universal...
Citicore Renewable Energy Corporation (CREC) announced it will launch nine solar projects in Batangas, Pampanga, Pangasinan, and Quezon Province this year, aiming to achieve one gigawatt (GW) of capacity annually. CREC President and CEO Oliver Tan shared in a briefing that the first of these...
The Department of Energy (DOE) is supporting eight developers to pursue offshore wind (OSW) projects totaling nearly 17,000 megawatts (MW) set to begin construction in 2027. According to DOE data, these frontrunner projects have a potential capacity of 16,652 MW and are located in several...
The country’s renewable energy sector is expected to garner more funding as Masdar, a clean energy firm based in the United Arab Emirates (UAE), has signed a deal to facilitate prospective investments. A Memorandum of Understanding (MOU) was signed on Wednesday, Jan. 15, between the...
In a move to accelerate renewable energy (RE) development, the Department of Energy (DOE) and Masdar, a United Arab Emirates (UAE)-based clean energy firm, have signed an agreement to support RE integration in the Philippines. Energy Undersecretary Rowena Cristina Guevara signed the Implementation...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (Ellson Quismorio/ MANILA BULLETIN) Saying that the National Grid Corporation of the Philippines (NGCP) has been compliant with its franchise requirements, Cagayan de Oro City 2nd...
First Gen Visayas Energy Inc. (FGVEI), a subsidiary of renewable energy company First Gen Corporation, has been fined by the Department of Energy (DOE) for the late filing of reports on its wind energy projects. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, January 14, First...
The Department of Energy (DOE) has sought the assistance of the Bangko Sentral ng Pilipinas (BSP) and multilateral development banks to improve financing options and secure longer loan periods for renewable energy (RE) projects. Speaking at the fifteenth session of the International Renewable...
The Department of Energy (DOE) has recorded nearly 7,000 megawatts (MW) worth of power projects slated for completion in 2025. Data listing all private sector-initiated projects for this year showed that the DOE identified 6,841 MW worth of projects, most of which are located in Luzon. Luzon holds...
