With the harsh effects of climate change posing a threat to economic development, the Philippines is increasingly harnessing renewable energy (RE), with the help of a forthcoming $600-million (nearly P35-billion) loan from the World Bank. The Washington-based multilateral lender disclosed that its...
Solar developers are literally and figuratively hungry – hungry for land and hungry for vault-breaking investment deals. The best part? They do these things with a smirk: hey, “we’re saving the planet!” Perhaps if there’s a conversation among cows and goats which used to be happily...
Citicore Renewable Energy Corp. (CREC) has partnered with Levanta Renewables to develop an onshore wind portfolio in the country. Through its subsidiary, Citicore Wind Energy Corp. (CWEC), CREC said it will collaborate with Levanta on four onshore wind projects in Luzon and Visayas. CREC said...
ACEN President & CEO, Eric Francia, at the Recharge Partners Gala event. The retail electricity unit of the Ayala Group, ACEN Renewable Energy Solutions (ACEN RES), has again won gold at the prestigious Stevie International Business Awards. The company’s innovative marketing campaign,...
The ASEAN Centre for Energy (ACE) has outlined various projections regarding the Philippines' renewable energy (RE) targets for the coming years, comparing them with those of neighboring countries, including insights on nuclear energy plans, employment opportunities, and land use. During the 8th...
Real estate firm DM Wenceslao Group (DMWAI) has secured power supply for its property development in Paranaque City from MPower, the local retail electricity supplier (RES) subsidiary of power utility giant Manila Electric Company. According to Meralco, the power supply agreement (PSA) signed by...
The World Bank is dangling a new $2.5-billion financing program to push East Asian and Pacific countries towards renewable energy (RE) use. The Accelerating Sustainable Energy Transition Program would "contribute to reducing greenhouse gas (GHG) emissions by 60 million tons over its lifetime while...
AC Health, the Ayala Group’s leader in high-quality healthcare solutions, through the Healthway Medical Network, is transitioning its medical facilities to renewable energy in partnership with ACEN Renewable Energy Solutions (ACEN RES). In a statement disclosed to the Philippine Stock Exchange...
ACEN President and CEO Eric Francia (center) turned over the 'Powered by Renewable Energy' badge to ATYC Inc. President and CEO Lorenzo Tan (second from left) in recognition of the company’s commitment to renewable energy. Also present during the signing ceremony were ATYC Inc. COO and CFO Gema...
A young executive of Aboitiz Power Corporation has spilled the inconvenient truth that renewable energy (RE) developers have been distorting the ‘cheap electricity narrative’ because of their proclivity to downplay other cost components linked to the variability of their technologies –...
The integration of energy storage system in the forthcoming batch of renewable energy (RE) capacity auction will hike estimated reserve prices by P5.00 to P6.00 per kilowatt hour (kWh), according to the Department of Energy. Energy Undersecretary Rowena Cristina Guevara told reporters that the...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment platform of Meralco PowerGen of the Manila Electric Company group, has acquired 50% stake in the 450-megawatt (MWac) Bugallon solar farm project in Pangasinan that was under a service contract held by Singaporean firm Vena Energy....
