Human rights lawyer Chel Diokno will push for the use of renewable energy in the country to lower power rates if he clinches a Senate seat in the May 2022 polls. Human rights lawyer Chel Diokno (Photo from Diokno’s campaign team) Diokno, a senatorial aspirant, lamented that consumers are always...
Presidential aspirant Ferdinand "Bongbong" Marcos on Tuesday, Jan. 18, said resorting to renewable energy and going green, like what is being done in his hometown Ilocos Region, is an effective way to solve the high power costs in the country. Citing his recent interview, Marcos Jr.'s camp said the...
contact-us-1 The Development Bank of the Philippines (DBP) launched a new loan program for utility-scale solar power developers in the country and boost investments in the renewable energy sector, President and Chief Executive Officer Emmanuel G. Herbosa announced Dec. 28, 2021. Specifically, the...
The Department of Finance (DOF) is exploring how foreign governments can contribute to the Philippines’ efforts to accelerate the decommissioning and repurposing of its coal-fired power plants. As overseas companies have a significant stake in the country’s coal-fired power plants, DOF...
San Miguel Corporation (SMC) power unit SMC Global Power Holdings Corp’s Battery Energy Storage Systems (BESS) technologies will stabilize power supply nationwide; it also ushers the next stage for renewable power in the country. Even as power companies work to avert a looming power crisis in the...
The Energy Regulatory Commission (ERC) has extended for another six months its mandate on the suspension of "interest payments" for feed-in-tariff allowance (FIT-All), a rate component in the electric bills being dispatched to consumers. The regulatory body said the non-payment of interest or...
A new private sector-led global organization is exploring a possible country partnership with the Philippines to assist in hastening its transition to green and renewable energy (RE) sources, the Department of Finance (DOF) said. In a statement, the DOF said on Friday, Nov. 12, that Finance...
Manila has outlined its envisioned path towards a sustainable energy future during the Energy Transition Partnership event at the ongoing 26th United Nations (UN) Climate Change Conference of the Parties (COP26) in Glasgow, Scotland. In his presentation, Energy Undersecretary and Spokesperson Felix...
Finance Secretary Carlos G. Dominguez III said the support extended by multilateral institutions to the clean energy transition projects of developing economies is crucial to encourage the flow of private sector capital into these initiatives. Dominguez said the meticulous planning and vetting done...
In line with the bold commitments of countries to the 26th Conference of the Parties on Climate Change (COP26), an innovative low-cost funding mechanism from multilateral agencies like the Asian Development Bank (ADB), to be complemented by private financing, would be needed to concretize the...
The Asian Development Bank (ADB) has approved a new energy policy that will support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific. In a statement, ADB President Masatsugu Asakawa noted that energy is central to...
Presidential aspirant former Senator Ferdinand “Bongbong”
Marcos Jr. has vowed to prioritize the full exploitation of renewable energy resources if he succeeds in becoming the president of the country. Windmills During his term as governor of Ilocos Norte, Marcos pursued the establishment of...
