The Department of Energy’s (DOE) announcement of a dedicated green energy auction (GEA) for offshore wind projects next year has serious industry players excitedly charging ahead like surfers eyeing that perfect swell into the deep sea—but are we ready to catch the big wave on these uncharted...
Nabas, Aklan — To address the growing demand for power in the province, Yuchengco-led PetroWind Energy Inc. (PWEI) announced the development of additional wind turbines and a new transmission line by the National Grid Corporation of the Philippines (NGCP). In a briefing, Jayson Abaniel, PWEI...
The Energy Regulatory Commission (ERC) has approved the 15-year Power Supply Agreement (PSA) between Manuel V. Pangilinan-led Manila Electric Company (Meralco) and Excellent Energy Resources, Inc. (EERI), a subsidiary of SMC Global Power. In a statement on Friday, Dec. 13, ERC Chairman and Chief...
Senator Juan Miguel “Migz” Zubiri on Friday, December 13 welcomed the Philippine’s rise to the second spot in BloombergNEF Climatescope’s 2024 rankings for “the most attractive emerging markets for renewable energy (RE) investment.” Zubiri said this is concrete proof that the...
The Department of Energy (DOE) announced that the third round of the Green Energy Auction (GEA-5), focused on offshore wind (OSW) projects, will begin in the third quarter of next year. In a statement on Thursday, Dec. 12, the DOE said GEA-5 will provide developers with secure and accessible market...
The Energy Regulatory Commission (ERC) has approved the Capas substation proposed by the National Grid Corporation of the Philippines (NGCP) to manage the connection of New Clark City (NCC) to the grid. In a statement, the ERC said this approval will help address load growth in Capas, which is...
The Department of Energy (DOE) has announced that the renewable energy (RE) market will commence this month, which aims to help the Philippines achieve its target share of clean energy generation mix over the next few years. According to a DOE circular, full commercial operations for the RE market...
The Energy Regulatory Commission (ERC) has granted provisional approval to two Power Supply Agreements (PSAs) between Manila Electric Company (Meralco) and the renewable energy units of ACEN and San Miguel Corporation. Meralco and ACEN-led Gigasol 3, Inc. will soon implement their PSA following the...
Citicore Renewable Energy Corporation (CREC) and global photovoltaic (PV) inverter and energy storage system provider Sungrow Power Supply Co., Ltd. have inked a deal for Battery Energy Storage Systems (BESS) to power CREC’s solar projects. In a disclosure to the Philippine Stock Exchange on...
The Department of Energy (DOE) has strengthened its partnership with the United States to advance nuclear energy in the Philippines through a recent policy dialogue. During the 2nd United States-Philippines Energy Policy Dialogue (EPD), the DOE and key US officials finalized a guiding document that...
Senator Juan Miguel “Migz” Zubiri urged the Department of Energy (DOE) and the National Electrification Administration (NEA) on Friday, December 6, to urgently address the persistent power outages plaguing Siargao Island since early December. Zubiri said that this is now adversely affecting its...
The Department of Energy (DOE) announced that it will move the Green Energy Auction (GEA)-3 to next year. During the 2024 Energy Investment Forum on Thursday, Dec. 5, Energy Undersecretary Felix Fuentabella said that GEA-3, which covers non-feed-in-tariff (FIT) projects for geothermal, impounding...
