Solar Philippines Power Project Holdings, Inc. (SP) is opening up subsidiary SP New Energy Corporation (SPNEC) to more strategic partners as it is planning private placements worth about P2.7 billion through asset-for-share swaps. In a disclosure to the Philippine Stock Exchange, SP said the...
The Commission on Audit (COA) has registered P800,000 in aggregate cost savings following the installation of solar panels in the rooftop of its two-building offices in Quezon City. The solar rooftop installation of the state audit agency had been carried out in partnership with state-run...
EDITORS DESK Bernie Cahiles-Magkilat The Philippines is in a precarious situation with energy generation falling short amid rising demand and the race for clean power. Worse, the government and the private sector are currently engaged in a legal battle over unmet demands for increases in supposedly...
Surigao del Sur First District Rep. Romeo Momo completed and turned over two projects, jumpstarting the completion of his campaign promise to improve infrastructure in the province. (Photo from Surigao del Sur Rep. Romeo Momo via Facebook) “We have officially completed and turned over the...
Integrating renewable energy production in farming provides several benefits for farmers and the environment. Installing solar panels in fields enables farmers to harvest solar energy alongside their crops. Agrivoltaic farming, the practice of growing crops underneath solar panels, is already...
Solar Philippines is preparing for the conversion of over 3,000 hectares in Nueva Ecija and Bulacan into industrial land this year after securing off-take agreements for its projects in 2022. In a disclosure to the Philippine Stock Exchange, SP New Energy Corporation (SPNEC) said it has already...
The Development Bank of the Philippines (DBP) granted a P254-million loan to renewable energy firm Upgrade Energy Philippines, Inc. (UEP) to spur investments in the sector amidst rising demand. UEP, an engineering, procurement and construction contractor, offers renewable energy and energy...
Aboitiz Power Corporation is evaluating the "premium" it could generate from the planned initial public offering (IPO) of its subsidiary, Aboitiz Renewables Inc. (ARI), which houses the various renewable energy assets of the group. According to Aboitiz Power Chief Financial Officer Liza Luv T....
CITY OF ILAGAN, Isabela -- San Ignacio Energy Resources Development Corporation (‘San Ignacio’) which is part of the Nextnorth Energy group is developing over 450 Megawatts of solar PV and hydro projects in northern Luzon in a business venture that’s expected to provide employment to roughly...
PANAY Energy Development Corp. (PEDC), a subsidiary of Meralco PowerGen Corp. (MGen), generates 314 megawatts of electricity at its power plant in Iloilo City. (Tara Yap) ILOILO CITY – A major power company is eyeing to construct a solar power plant in Iloilo province as it gears to expand its...
ILOILO CITY – Newly installed solar PVs that power up a provincial hospital, a legislative building, schools, an evacuation center, a fire station, and other public utilities have saved the municipalities of Pototan and Concepcion in Iloilo province up to P100,000 a month in electricity bills....
Villar-led PAVI Green Renewable Energy Inc. said at least three utility-scale solar farm projects will start commercial operation next year to augment power supply in the Luzon grid especially during the summer months. According to Robert Marlon T. Pereja, chief operating officer of PAVI Green, the...
