Energy resource developer Philippine Geothermal Production Company Inc. (PGPC), a subsidiary of Sy-led SM Investments Corporation (SMIC), will be spending P3 billion annually for the expansion of its geothermal exploration and production ventures to double its capacity to 600 megawatts. In a media...
Listed firm Basic Energy Corporation is eyeing to develop a 155-megawatt onshore wind farm power facility that will straddle sites in San Joaquin and Miag-ao in Iloilo; and also at Hamtic in Antique. The company apprised the Philippine Stock Exchange (PSE) that it just recently secured the approval...
Cost downtrend to spur rollout of hydrogen as energy fuel By MYRNA M. VELASCO THE HAGUE – Significant cost downtrend and further improvements in technological innovation are warranted before hydrogen could gain headway for commercial rollout into markets, according to multinational energy giant...
The increasing adoption of artificial intelligence (AI) and metaverse is seen as game-changing factor that will trigger exponential rise in the energy demand of data centers due to the high-powered computing usage of hyperscalers. According to Victor Emmanuel S. Genuino II, president and CEO of...
ILOILO CITY – The Department of Energy (DOE) has noted that Western Visayas only has a 28 percent of renewable energy utilization rate since 2021. THE Regional Development Council (RDC)-6 holds an Investment Forum on Renewable Energy in Iloilo City. (Tara Yap) Based on the National Renewable...
Norwegian firms eye wind, solar power investments in PH By Myrna M. Velasco Norwegian companies are keenly setting their sights on offshore wind as well as floating solar farm developments in the Philippines, according to Norwegian Ambassador Christian Halaas Lyster. Apart from these flourishing...
The Department of Energy (DOE) will be issuing a circular to outline the audit parameters on the performance of system operator National Grid Corporation of the Philippines (NGCP) as a concessionaire of the country’s power transmission network. On the sidelines of the ongoing Philippine Onshore...
Madrid-headquartered Bluefloat Energy announced plans for gigantic 7.6-gigawatt (7,600 megawatts) offshore wind power projects in the Philippines, the biggest in its portfolio, with a target to bring the initial development onto commercial operation by the turn of the decade. In a briefing with...
118 qualified firms eyeing to join 2nd RE auction By Myrna M. Velasco The Department of Energy (DOE) is set to hold its second Green Energy Auction (GEA-2) on June 19 which attracted a remarkable number of potential bidders. A total of 118 qualified companies have expressed interest in bidding for...
Amid relentless business disruptions and on the need for alchemists who will lead corporates into the complex terrain of technology advancements and revolutionizing workplaces, Shell Philippines has been proving its mettle as an organization that can vigorously navigate transformative changes to...
Tiu-led Repower Energy Development Corporation (REDC), a subsidiary of Pure Energy Holdings Corporation, has inked memorandum of agreement (MOA) with Austrian firm Gugler Water Turbines GMBH (“Gugler”) for targeted 320-megawatt seawater pumped storage hydro projects in the Philippines. REDC said...
Power utility giant Manila Electric Company (Meralco) has hiked its pipeline of renewable energy projects raising its capacity to 1,700 megawatts, surpassing the five-year development plan earlier cast by its power generation subsidiary Meralco PowerGen Global Business Power Corp. According to...
