Honda Philippines Inc. is taking serious steps on its decarbonization journey, and it just concretized this goal with the commercial kick-off of its 1.056-megawatt solar rooftop facility that will partly provide for its electricity requirements. The solar rooftop was installed by solutions provider...
HOUSTON – The ‘stranglehold’ of critical minerals which is just in the hands of very few producer-countries is seen as a major factor that will cause enormous strain and will drive up costs for the consumers of many countries traversing their pathway to energy transition. In a plenary...
Citicore Energy REIT Corporation (CREIT), the country’s first and largest renewable energy real estate investment trust, posted a 12 percent improvement in net income to P1.4 billion last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its revenues rose 31 percent to...
HOUSTON - The flourishing innovations for long duration energy storage (LDES) are seen as ‘gridlock breaker’ not just for the perplexing intermittency of variable renewable energy (VRE) facilities, but they could also defray huge capital outlay for warranted grid expansions and upgrades to...
The Sy family’s flagship SM Investments Corporation (SMIC) has come in as a strategic partner in Citicore Energy REIT Corporation (CREIT) with the acquisition of a 28.79 percent stake for P5 billion from shareholders led by billionaire Edgar Saavedra. In a disclosure to the Philippine Stock...
The multi-dimensional green energy investment play of Citicore Renewable Energy Corporation (CREC) in Pangasinan province is taking off with its blueprinted 240-megawatt solar farm to be sited in Binalonan town. To jumpstart the project, the company held its groundbreaking rites this week – and...
Citicore Energy REIT Corporation (CREIT) declared cash dividends amounting to P353 million or P0.054 per share which is 10 percent higher than the P0.049 a share dividend declared in the previous quarter. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this brings total...
Renewable energy (RE) is set to be the top source of electricity in 2025, the latest International Energy Agency report states. India, in turn, is building the “world’s largest RE project” named Khavda Renewable Energy Park, which can power 16.1 million Indian homes once completed in...
Veritable clean energy developer Citicore Renewable Energy Inc. (CREC) is targeting to beef up its operating solar portfolio with additional 69-megawatt peak (MWp) capacity upon the commercial operations of its second solar farm project in Negros Occidental. The construction of the firm’s...
Integrated solar developer SP New Energy Corp. (SPNEC), now a member of the Meralco Group, has replaced MREIT Inc. in the exclusive and coveted MSCI Philippines Small Cap Index. Source: MSCI, First Metro Securities The addition of SPNEC and deletion of MREIT are the only changes in the closely...
Foreign investors interested in entering the Philippines' renewable energy sector will be required to secure 167 signatures before they commence operations. While this may seem like a daunting number to many, an industry stakeholder pointed out that this requirement has already been reduced from...
MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Company (Meralco), has bought an additional 2.17 billion shares in SP New Energy Corporation (SPNEC) from Solar Philippines Power Project Holdings Inc. for P2.5 billion. In a disclosure to the Philippine Stock Exchange (PSE), SPNEC said...
