Citicore Renewable Energy Corporation (CREC) announced it will launch nine solar projects in Batangas, Pampanga, Pangasinan, and Quezon Province this year, aiming to achieve one gigawatt (GW) of capacity annually. CREC President and CEO Oliver Tan shared in a briefing that the first of these...
Citicore Renewable Energy Corporation (CREC), a leading renewable energy (RE) developer in the Philippines, announced that PT Pertamina Power Indonesia (Pertamina NRE), an Indonesian-based energy firm, has made its first investment in the country. In a disclosure to the Philippine Stock Exchange...
PacificLight Power Pte. Ltd. (PLP), a subsidiary of MGen, has been awarded the right to build, own, and operate a hydrogen-ready Combined Cycle Gas Turbine (CCGT) facility in Jurong Island that is set to begin operations in 2029. In a disclosure to the Philippine Stock Exchange on Monday, Jan. 6,...
Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte has expressed high hopes for green power—particularly the development of wind, solar and other variable renewable energy (VRE)...
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...
Meralco PowerGen Corporation (MGen) plans to convert two of its coal-powered units into gas-fired plants in response to the coal moratorium. Yari Miralao, MGen Gas Energy Holdings, Inc. (MGen Gas) president and chief executive officer, said the projects with Global Luzon Energy Development...
PacificLight Power Pte Ltd., a subsidiary of Meralco PowerGen Corp. (MGen), plans to invest approximately P53 billion (US$900 million) in a new 600-megawatt (MW) power plant in Singapore. Yari Miralao, MGen Gas Energy Holdings, Inc. (MNatural Gas) president and chief executive officer, said that...
In a hopeful projection for 2030, the International Energy Agency predicts global renewable electricity generation will increase by 90 percent from 2023. Britain's last coal-fired power plant has also shut down, concluding 142 years of coal reliance that sparked the fossil-fuel-hungry Industrial...
Terra Solar Philippines, Inc., a unit of SP New Energy Corp. (SPNEC), announced that it had granted an Engineering, Procurement, and Construction (EPC) deal with China Energy Engineering Group Co., Ltd. (Energy China) for the world’s largest contiguous solar and battery power plant in the...
Citicore Energy REIT Corporation (CREIT), the country’s only renewable energy real estate investment trust, posted a two percent improvement in net income, reaching P1.04 billion in the first nine months of 2024, up from P1.02 billion in the same period last year. In a disclosure to the...
Renewable energy developer Citicore Renewable Energy Corporation (CREC) has signed a two-gigawatt (GW) solar module supply contract with leading smart PV and energy storage solutions provider Trinasolar Co., Ltd. The agreement, disclosed to the Philippine Stock Exchange on Tuesday, Nov.12, will see...
The renewable energy arm of the Manila Electric Company (Meralco) said that its TerraSolar project, a joint venture with Terra Solar Philippines, Inc., is moving ahead faster than expected. In a briefing, Emmanuel Rubio, Meralco PowerGen Corporation (MGen) president and chief executive...
