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...
Ayala-led ACEN Corporation has inked a purchase and sale agreement (PSA) with American firm GlidePath for the acquisition of the latter’s eight operating wind projects with aggregate capacity of 136 megawatts in northern Texas. This will be the entry point of ACEN and its partner UPC Power...
TOKYO, Japan — A Japanese power generation company has assured President Ferdinand "Bongbong" Marcos Jr. of a stable supply of liquefied natural gas (LNG) to support the economic growth of the country. Malacañang photo JERA Co. Inc. president Onoda Satoshi said this during a meeting on Thursday,...
President Ferdinand "Bongbong" Marcos Jr. has met with a renewable energy developer to advance his intention to find other sources of energy in the country. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos had a meeting with San Ignacio Energy Resources Development...
An estimated P1.031 trillion worth of foreign investments in renewable projects are expected to pour into the Philippines, Trade and Industry Secretary Alfredo E. Pascual announced. In a statement, Pascual said that the biggest of these projects is the P360-billion (€6 billion) offshore wind...
DAVAO CITY – The Mindanao Development Authority (MinDA) said more sources of renewable energy will be added to the Mindanao grid between 2023 and 2028 that will balance out the current power mix of the island at 70-30 in favor of fossil fuels. MinDA Assistant Secretary Romeo Montenegro said that...
Integrating renewable energy production in farming provides several benefits for farmers and the environment. Installing solar panels in fields enables farmers to harvest solar energy alongside their crops. Agrivoltaic farming, the practice of growing crops underneath solar panels, is already...
