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...
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...
