Aboitiz Power Corp. posted a 45 percent surge in first-half profit to ₱18.4 billion, driven by improved market prices, additional hydroelectric and gas contributions, and fresh output from newly completed solar facilities. In a disclosure to the Philippine Stock Exchange on Wednesday, July 29,...
Renewable energy (RE) firm Vena Energy has reached financial close on a $310-million financing package for its 500-megawatt-peak (MWp) Ixus Bugallon solar power project, paving the way for construction of the facility and expanding its solar portfolio in Pangasinan province to about one...
Ayala-led ACEN Corp. is transforming Zambales province into one of the country’s largest renewable energy (RE) hubs, with nearly one gigawatt (GW) of combined solar and battery energy storage projects either operating or under development. In a disclosure to the Philippine Stock Exchange (PSE) on...
After commissioning Mindanao’s first utility-scale ground-mounted solar facility, German energy firm ib vogt GmbH is planning to surpass its own record in the region by developing an even larger renewable energy (RE) portfolio. In an interview with Manila Bulletin last week, Isabelle Melocoton,...
Quezon City is expanding its use of renewable energy in public facilities with 20 public schools now operating solar power systems. The schools are part of the city government’s solarization program covering 25 public schools, with five others still undergoing installation. From January to June...
ILOILO CITY – The Department of Energy (DOE) urged local government offices in Western Visayas region to step up the use of solar energy. DOE Secretary Sharon S. Garin led the regional launching of the agency’s Solar Solutions for Government: Energy Efficiency and Renewable Energy in Public...
Inaugurating Phase I of the Meralco Terra (MTerra) Solar Project, President Marcos said it would help shield the Philippines from global energy supply shocks. During the inauguration led by Marcos and First Lady Liza Araneta-Marcos on Tuesday, July 14, in Gapan City, Nueva Ecija, the President said...
Social Security System (SSS) is earmarking ₱40 billion to finance a planned solar panel loan program that could benefit around 100,000 households. SSS President and Chief Executive Officer (CEO) Robert Joseph De Claro told reporters in a recent interview that the state-run pension fund is...
The renewable energy (RE) arm of Aboitiz Power Corp. (AboitizPower) has expanded its solar portfolio with the completion of its 92.55-megawatt-peak (MWp) solar plant in Pangasinan province. In a statement on Tuesday, June 30, Aboitiz Renewables Inc. (ARI) said it had completed the San Manuel solar...
Manuel V. Pangilinan-led Manila Electric Co.’s (Meralco) solar subsidiary has partnered with two Japan-based companies to develop solar projects for industrial facilities in the Philippines. In a statement on Thursday, June 25, MSpectrum Inc. said it secured a joint venture (JV) agreement with...
SINGAPORE — The Philippines is among the countries best positioned to help meet Asia’s rapidly growing electricity needs, with its rich geothermal resources as well as expanding wind and solar sectors offering significant potential for renewable energy (RE) development, according to...
Even as President Donald Trump boosts coal over clean energy, solar power is hitting new milestones in the U.S. and remains the leading source of new power. Data released Wednesday by global energy think tank Ember, along with a report by the Solar Energy Industries Association and analytics firm...
