Solana Solar Alpha Inc. (Solana Solar), a subsidiary of renewable energy firm Alternergy, has inked a 20-year power supply agreement (PSA) with Peninsula Electric Cooperative Inc. (PENELCO) for the off-take of the generated electricity from the former's 10-megawatt solar power project to be sited...
Owing to higher electricity sales and the uptick in oil prices, Yuchengco-led PetroEnergy Resources Corporation (PERC) has posted 31-percent income jump to P506 million in the first half this 2022 from leaner P386 million in the same period last year. “The robust financial performance was largely...
Solar Philippines Nueva Ecija Corporation (SPNEC) aims to complete its acquisition of the assets of parent company Solar Philippines worth about P60 billion by the end of this year. In a disclosure to the Philippine Stock Exchange, the firm said that the conclusion of its P3.3 billion Stock Rights...
The Department of Energy (DOE) is studying prospects of opening up the renewable energy (RE) sector to 100 percent foreign ownership, primarily in the domain of solar and wind farm installations, for the manufacturing sector. Energy Secretary Raphael P.M. Lotilla raised this possibility as he...
To integrate expanded renewable energy (RE) ventures into its corporate structure, Leviste-led Solar Philippines Nueva Ecija Corporation (SPNEC) is seeking green light from its board of directors, to have the company renamed to SP New Energy Corporation. The new corporate name is still subject to...
The Philippine Stock Exchange (PSE) has approved the stock rights offering of Solar Philippines Nueva Ecija Corporation, the renewable power company founded by Leandro Leviste, worth up to P3.34 billion. The PSE also approved the proposed SRO timetable, with an Ex-Date of August 22, 2022, Record...
Spectrum, a subsidiary of Manila Electric Company (Meralco), has completed the energization of solar facilities that will power up at least five business centers of Philippine Long Distance Telephone Co. (PLDT) that will save the telecommunications giant P2.2 million in annual electricity cost in...
The Securities and Exchange Commission (SEC) has approved the planned P3.3 billion stock rights offering (SRO) of Solar Philippine Nueva Ecija Corporation (SPNEC), by confirming that the transaction is exempt from registration requirements. In a disclosure to the Philippine Stock Exchange, SPNEC...
The EU-funded Renewable Energy for Livelihood and Youth (RELY) project of the corporate foundation of Garcia-led Vivant Corporation has completed the energization of at least 16 off-grid schools via solar power that subsequently provided livelihood to women in communities. Given that achievement,...
With a greenlight from its board of directors, Ayala-led ACEN Corporation has agreed to advance P1.139 billion loan to its partner firm Natures Renewable Energy Development Corporation (NAREDCO), a wholly owned subsidiary of Filipino-led CleanTech Global Renewables Inc., to start construction of...
Filipino photographer Edwin Martinez captures both atmospheric phenomena While it has been gloomy the past few days here in Manila, the sky opened up later to present something truly magical. On July 12 at around 9 p.m., the moon presented itself with a glowing halo. The next day, July 13, the sun,...
Listed firm RASLAG Corporation (ASLAG) is eyeing to fetch higher revenues this year with the commercial operation of its 18.01-megawatt Raslag-3 solar farm project in Pampanga. Based on the company’s forecast, the scale of electricity generation of the new solar plant could reach 13.5-gigawatt...
