The Philippines may be enduring a sluggish first-half economic acceleration, but it still has a few good cards to play. Global bank HSBC sees renewables and AI data centers as juicy “sweet spots” that could lure billions in foreign capital, giving the economy a real shot at turning a growth...
Lopez-led First Gen Corp. (First Gen) has partnered with Philippine National Bank’s (PNB) real estate arm PNB Holdings Corp. (PHC) to supply renewable energy (RE) to its prime properties in Makati City and Pasay City. In a statement last week, First Gen said it will supply five megawatts (MW) of...
A member of the House of Representatives’ Committee on Nuclear Energy welcomed President Marcos ' call to revisit nuclear energy production as a way to boost the country’s energy security and reduce rising electricity costs. “The effect of the Middle East conflict to our country only...
Sen. Erwin Tulfo on Thursday, Aug. 20, questioned whether power companies had sufficiently invested in modernizing their facilities, arguing that consumers should not bear the cost of system losses resulting from outdated infrastructure. During a Senate Committee on Energy hearing, Tulfo said...
For the fourth straight year, ACEN RES reaped medals at the Stevie International Business Awards, this time winning Gold, Silver, and Bronze across different categories – in a field of 3,400 nominations from organizations in 78 countries all over the world. ACEN RES and its partner, Synergy...
A Norwegian company hass scrapped its plan to build a hyperscale AI data center in Oton, Iloilo. Full reasons remain unclear, citing only the "current circumstances." On the evening of Sun, Aug. 16, Norway Green Energy sent a formal notice to the Oton local government about the withdrawal. Perhaps...
Ayala-led ACEN Corp. is selling as much as a 49 percent stake in Indian wind power project developer Avana Renewables to its local joint venture partner as part of its ongoing capital recycling program. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Aug. 18, ACEN said its unit,...
Citicore Renewable Energy Corp. reported a 92 percent surge in first-half net profit, boosted by higher electricity sales after bringing new solar facilities online to meet the Philippines’ growing demand for clean power. In a disclosure to the Philippine Stock Exchange on Monday, Aug. 17, CREC...
The Energy Regulatory Commission (ERC) is studying tycoon Ramon Ang’s acquisition of a minority stake in Lopez Inc. to evaluate potential breaches of anti-competitive safeguards and statutory ownership limits in the power sector. The regulatory review follows Ang’s buy-in to the holding...
The most ridiculous political plot twist to hit the headlines last week was the filing of bills by several lawmakers seeking to delay the Sangguniang Kabataan (SK) and Barangay elections yet again to either 2027 or 2028. Their most inventive excuse so far? The lingering “energy emergency”...
Citicore Energy REIT Corp. (CREIT), the Philippines’ first renewable energy (RE) real estate investment trust (REIT), reported that its net income was relatively steady at ₱686 million in the first half of 2026 compared with ₱688 million in the same period last year. In a disclosure to the...
Vivant Energy Corp. is set to push forward with its capital expenditure (capex) projects after securing an ₱8.5-billion loan facility from BDO Unibank, Inc. In a disclosure to the Philippine Stock Exchange on Friday, Aug. 14, parent firm Vivant Corp. stated that its energy subsidiary signed the...
