Recent rotational brownouts in Luzon have highlighted the urgent need to modernize the country’s aging power grid, with state-run policy think tank Philippine Institute for Development Studies (PIDS) warning that transmission bottlenecks and delayed infrastructure projects are increasingly...
The Philippines is moving to establish its first systematic strategic petroleum reserve program to insulate the domestic economy from volatile global supply chains and geopolitical shocks, according to the Department of Energy (DOE). Under a newly established framework dubbed Partnership On Wide...
Telecommunications giant PLDT Inc. is going all in on solar energy as it plans to roll out a new service offering that would allow customers to pay for internet and solar power solutions under a single package. PLDT, through its broadband unit PLDT Home, said it is exploring a “pioneering...
Nomura Holdings Inc., a Japanese investment and brokerage giant, has significantly downgraded its economic outlook for the Philippines as the nation struggles with energy security vulnerabilities and mounting inflationary pressures. A new report showed that Nomura has slashed its real gross...
Repower Energy Development Corp. (REDC) is expanding its footprint in the Visayas through a joint ₱3.9 billion transaction to acquire a major hydropower facility, according to a stock exchange filing on Thursday, May 28. The renewable energy developer, alongside Tokai Corp. and Sustainable Energy...
Robinsons Land Corp. (RLC), the property development arm of the Gokongwei group, plans to continue expanding the installation of solar power generation panels across its malls, particularly amid the ongoing energy crisis. Through Robinsons Malls, the company has been installing solar power...
House Committee on Nuclear Energy Chairman Pangasinan 2nd district Rep. Mark Cojuangco didn 't mince words as he gave his opinion about the Department of Energy 's (DOE) policy on renewable energy (RE). Speaking during the joint hearing of the Committees on Energy and on Legislative...
MGEN Renewable Energy Inc. (MGreen), the renewable energy (RE) arm of Manuel V. Pangilinan-led Meralco PowerGen Corp. (MGEN), is expanding its investment horizon toward land-based wind projects while sustaining construction momentum on its multi-billion-peso Terra Solar venture in Central Luzon...
The Department of Trade and Industry (DTI) is studying a new policy that would regulate the manufacturing, distribution, and use of solar energy systems in the country as part of efforts to strengthen public safety and address concerns raised by electric utility firms. During a public consultation...
Amid recent power fluctuations in Luzon and recurring yellow alerts in Visayas grid, energy regulators and private-sector players are pushing for faster deployment of flexible and dispatchable power capacity to strengthen grid reliability during the dry season. During the Economic Journalists...
State-run Maharlika Investment Corp. (MIC), which manages the country ’s first sovereign wealth fund (SWF), has signed a cooperation agreement with key government energy agencies to modernize and rehabilitate the aging power transmission system of Mindoro Island, with officials aiming to...
The United States (US) government’s Millennium Challenge Corp. (MCC) has earmarked a $60-million grant for the Philippines focused on the energy sector. Documents discussed during the US aid agency’s economic advisory council meeting last month, which were made public last week, showed that the...
