US-headquartered Fluence Energy, Inc. has completed the 570-megawatt battery energy storage system (BESS) project for leading Philippine energy player SMC Global Power Holdings Corp. (SMCGP) of the San Miguel group. The company emphasized that the project’s completion milestone coincided with the...
The Department of Energy (DOE) is urging system operator National Grid Corporation of the Philippines (NGCP) to shorten its approval timeline for the system impact study (SIS) on power projects being developed in various parts of the country. According to Energy Undersecretary Sharon S. Garin, the...
Rising summer temperatures and threats of power service interruptions amid surging electric bills could really trigger disappointments among us as we yearn for a “more hopeful story” that can rescue us from these predicaments. On March 31 this year, a bit of that “hope” came to light with...
The Department of Energy (DOE) has formally issued the notice for the second green energy auction (GEA) in June this year, wherein it intends to offer 11,600 megawatts of renewable energy (RE) capacities to interested investors. The tendering process for the award of long-term power supply...
ACEN Corporation, the energy investment arm of the Ayala group, becomes the first energy company in Southeast Asia to have cemented its mid-century "net zero" pathway or the specific timelines to achieve targets for zero gas emissions emanating from its businesses or operations. According to ACEN...
Lotilla directs NPC’s 'exit' plan from fossil fuels By MYRNA M. VELASCO A gradual and well-calculated exit plan from diesel generating sets and other fossil fuels has been directed by Energy Secretary Raphael P. M. Lotilla on state-run National Power Corporation. In line with that mandate, the...
Copenhagen Infrastructure New Markets Fund (CINMF), an affiliate of Danish fund manager Copenhagen Infrastructure Partners (CIP), will be investing $5 billion to for the commercial development of three greenfield offshore wind farm projects that could bring in 2,000 megawatts of additional power...
MGen Renewable Energy, Inc. (MGreen), a unit under the Manila Electric Company (Meralco) group; and Vena Energy have reached commercial operation date (COD); for their 68-megawatt solar farm project in Currimao, Ilocos Norte. The “Garcia 2’ solar farm facility, which is under corporate vehicle...
Pangilinan-led Metro Pacific Investments Corp. (MPIC) is targeting to acquire up to 43-percent shareholdings in publicly listed SP New Energy Corp. (SPNEC). In a statement, it was disclosed that MPIC Chairman Manuel V. Pangilinan and SPNEC President and CEO Leandro Leviste signed the agreement for...
Alternergy Holdings Corporation, which just had its debut at the Philippine Stock Exchange (PSE) this Friday, March 24, announced that it will be tapping equity partner for its 100-megawatt Tanay wind farm project in Rizal province. The company said it will do its selection process via the letters...
Buoyed by rising post-Covid power demand in Mindanao grid, the net income of Alcantara-led Alsons Consolidated Resources Inc. (ACR) had escalated 42-percent to P1.88 billion last year from P1.32 billion in 2021. The jump in the company’s profitability had also resulted in 52-percent increase on...
The Department of Energy (DOE) is giving guarantee to the grid integration of more than 13,000 megawatts of new renewable energy (RE) capacities to be on commercial stream in the next three years. That had been the assurance given by Energy Undersecretary Rowena Cristina L. Guevara when she laid...
