The consolidated net income of Yuchengco-led PetroEnergy Resources Corporation’s (PERC) had climbed 29% to P874 million as of end-September this year as against a leaner P677 million within a comparative period in 2022. For the third quarter alone, the company posted a profit of P282.696 million,...
The financial future of Filipino-led Alternergy Holdings Corporation is treading through favorable prospects as it logged net income upturn to P96.98 million in the initial quarter of fiscal year 2024 versus P1.66 million in the same period last year. In a disclosure to the Philippine Stock...
The equity sell-down on its Salak and Darajat geothermal power assets in Indonesia had propelled profitability upturn for Ayala-led ACEN Corporation in the first three quarters to P6.6 billion, higher by 59-percent from P4.1 billion in a comparative period last year. In terms of core operating...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment arm of Manila Electric Company (Meralco) ,will be queueing up to P200 billion worth of investments for the gigantic 3,500-megawatt solar farm development that shall be integrated with 4,000-megawatt hours (MWh) of energy storage...
Ayala group’s energy platform, ACEN Corp. has declared the cash dividends of its outstanding Series A Preferred Shares (PSE: ACENA) and Series B Preferred Shares (PSE: ACENB) for the fourth quarter of 2023. In a disclosure to the Philippine Stock Exchange on Friday, Nov. 3, ACEN’s board of...
Filipino firm Real Steel Corporation (RSC) has cemented a deal with TotalEnergies ENEOS, a joint venture between French firm TotalEnergies and Japanese firm ENEOS, for a 16.8-megawatt solar photovoltaic (PV) rooftop installation at the former’s manufacturing facility in San Simon, Pampanga. In a...
Building solutions firm Holcim Philippines, a member of the Holcim Group, signed a power purchase agreement with I Squared Captial’s energy platform Berde Renewables for rooftop solar projects at Holcim’s plants in Bulacan and La Union. As per the agreement, Berde Renewables will install,...
SEOUL – European firm Tractebel Engineering is offering latest innovation on floating substations as technology solution for gigawatt-scale offshore wind farm projects currently being advanced in various energy markets in the Asian region. At the ongoing 2nd Korea Offshore Wind and Hydrogen...
Yindjibarndi Energy Corporation (YEC), a subsidiary of Ayala-led ACEN Corporation has inked a preliminary deal with London-headquartered Rio Tinto for development collaboration on the latter’s targeted energy usage shift to renewable energy in its Australian mining operations. In a press...
LIMA Water, a business unit of Aboitiz InfraCapital (AIC) , has turned to solar technology for the energy requirements of the sewage treatment plant 2 (STP-2) for its water facility that is catering to the needs of LIMA Estate, an economic and industrial zone in Lipa-Malvar, Batangas that is...
Listed firm Alternergy Holdings Corporation (Alternergy) logged financial rebound in the current fiscal year with an income of P38 million, effectively reversing a net loss of P145.2 million in a comparable period last year. The company’s cash balance also escalated significantly by 113% to...
The P15.9 billion investment to be injected by a subsidiary-company of Manila Electric Company (Meralco) into the Leviste-founded SP New Energy Corporation (SPNEC) will help ramp up the development of the latter’s pipelined solar-plus-energy storage projects. The utility firm announced that MGen...
