Solar Philippines founder Leandro Legarda Leviste has increased his stake in ABS-CBN Corporation to 10 percent—almost enough to entitle him a seat in the multi-media firm’s board of directors. In a disclosure to the Philippine Stock Exchange (PSE), ABS-CBN said Leviste’s LL Holdings Inc....
BACOLOD CITY – Barangay Canlusong, the farthest village in E.B. Magalona, Negros Occidental, was the recipient of a P1.2-million solar-powered streetlight project. A total of 53 solar-powered streetlights were put up to enhance the safety of the residents at night from the barangay proper to...
The renewable energy arm of Meralco PowerGen Corp. (MGen) secured the necessary budget for its solar projects in Isabela and Nueva Ecija. The subsidiary units of MGen Renewable Energy, Inc (MGreen), such as Greenergy for Global Inc. (GGI) obtained a P2.034 billion loan with a 15-year term facility...
SP New Energy Corporation (SPNEC), a member of the Meralco Group of companies, has turned profitable in the first quarter of 2024 with a net income of P156 million and an attributable net income of P47.5 million from a loss of P24.57 million in the same period last year. Based on its disclosure to...
Because of a newly energized battery energy storage system (BESS), renewable power firm Alternergy Holdings Corp. was able to beef up its financial revenues for the fiscal year 2024. Alternergy’s revenues as of March 2024 were boosted by 44 percent to P182.5 billion due to the Palau Solar BESS...
A subsidiary of Yuchengco-led PetroGreen Energy Corporation (PGEC) has inked a 10-year power supply agreement (PSA) with SN Aboitiz Power Group (SNAP) for the supply of 15.6 megawatts (MWac) from the former’s solar facility in Nueva Ecija. The corporate entity of the Yuchengco group which...
Generation output boosted by the commercial operations of new solar and wind farms had prompted 27% rise in the net income of Ayala-led ACEN Corporation in the first quarter to P2.7 billion versus P2.0 billion in the same period last year. That escalation in profitability, the company emphasized,...
Renewable power pioneer Alternergy Holdings Corp. has secured a green corporate loan to continue constructing its renewable power projects for 2024. Alternergy announced on Wednesday, May 8, that it will have a P4 billion green corporate loan to be utilized for projects like the Tanay and Alabat...
Pangilinan-led SP New Energy Corp (SPNEC) is targeting to conclude sell-down of up to 40% of its shareholdings to foreign firms that will be willing to infuse capital into its 3,500-megawatt Terra Solar power project to be integrated with 4,500-megawatt hours (MWh) of energy storage system....
With the heat index continuing to rise in the Philippines, Filipinos have had no choice but to turn to electric fans and air conditioners to cool down. Beating the heat, however, comes with a heavy price. The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA)...
Young tycoon Leandro Legarda Leviste has acquired the equivalent of 8.5 percent of ABS-CBN Corporation, continuing his buying binge after selling a portion of his stake in SP New Energy Corporation to Meralco PowerGen Corporation. ABS-CBN’s share price has surged over the past week and...
State-run Philippine National Oil Company (PNOC) has cemented a memorandum of understanding (MOU) with LBP Resources and Development Corporation (LBRDC), a subsidiary of Land Bank, for the rollout of solar rooftop installations at the latter’s economic zone domains. According to PNOC President...
