Citicore Renewable Energy Corporation (CREC) reported that it has secured financing arrangement of up to P20 billion with Rizal Commercial Banking Corporation (RCBC) for the funding of multiple solar power plant projects. In a statement, the firm said the projects will have a combined installed...
The government will pilot run the Mobile Energy System (MES) in the typhoon-prone municipalities in Cagayan Province to improve the country’s resiliency against disasters, President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo) Marcos said this as the Department of...
Following the recent interconnection deal for the Alabat wind project, Alternergy Holdings Corp. (Alternergy) signed a new deal with the National Grid Corporation (NGCP) for the Tanay Wind Power Project in Rizal. Alternergy’s subsidiary, the Alternergy Tanay Wind Corpo. (ATWC), and the NGCP...
With $1.5 million funding from the United States Agency for International Development (USAID), the Philippine government - with the Department of Energy (DOE) in the lead - has established a centralized energy command hub that will be primarily activated in times of disasters, power system failures...
Flourishing solar power developer giant Citicore Renewable Energy Corporation (CREC) has secured P9.0 billion worth of loans from Yuchengco-led Rizal Commercial Banking Corp (RCBC) with an option to increase it to P20 billion; and that will be funneled mainly for the commercial development of its...
There will be new wave of consumer frustrations at the domestic pumps this week because of the fresh wave of oil price hikes enforced by the oil companies across all fuel commodities. Based on the price adjustment advisories of the industry players, the price of diesel products will rise by P0.95...
The squeeze on consumers’ pockets will continue next week, as the oil companies are anticipating new round of increase in the prices of diesel and kerosene products. Based on the outcome of whole week trading in the regional market, the industry players estimated that the price of diesel products...
President Ferdinand "Bongbong" Marcos Jr. (left), House Speaker Martin Romualdez (Speaker’s office) President Marcos is closer than ever to realizing his dream of providing Filipinos with adequate, reliable, and cheaper electricity through...
The Department of Energy (DOE) will be studying cost implications as well as supply reinforcement impact of the forthcoming innovations for energy storage systems (ESS) before integrating a pie of ‘renewable energy + ESS’ in the forthcoming green energy auction (GEAs) for RE projects. Energy...
The squeeze on consumers’ pockets will continue next week, as the oil companies are anticipating new round of increase in the prices of diesel and kerosene products. Based on the outcome of four-day trading in the regional market, the industry players estimated that the price of diesel products...
Public hospitals in the Philippines are looking to integrate sustainability into their operations, as they recognize the significant risks climate change poses to public health and economic wellbeing. The healthcare industry is focusing on transitioning to renewable energy, given its significant...
The Philippines is eyeing to firm up collaboration and prospective private sector partnerships with the United States for targeted deployment of next-generation geothermal technologies in the country. According to Energy Secretary Raphael P. M. Lotilla, the Philippines will “identify advances...
