Integrated solar developer SP New Energy Corp. (SPNEC), now a member of the Meralco Group, has replaced MREIT Inc. in the exclusive and coveted MSCI Philippines Small Cap Index. Source: MSCI, First Metro Securities The addition of SPNEC and deletion of MREIT are the only changes in the closely...
Power supply in the country will be shored up by 3,309 megawatts this year from new generating facilities; plus 334 megawatts that shall be drawn from battery energy storage systems (BESS), according to the Department of Energy. As culled from the department’s data, bulk of the capacity additions...
The Energy Regulatory Commission (ERC) will issue ‘green energy tariff” that shall serve as the basis for the acceptable price tender for the 4,199 megawatts of non-feed in tariff (non-FIT) renewable energy (RE) capacities that shall be offered this year by the Department of Energy (DOE) under...
Foreign investors interested in entering the Philippines' renewable energy sector will be required to secure 167 signatures before they commence operations. While this may seem like a daunting number to many, an industry stakeholder pointed out that this requirement has already been reduced from...
Summer is always associated with having high energy for much-awaited adventures and leisurely basking in the sun, but what’s lurking in the dark is the sting of skyrocketing electric bills as well as discontent of ‘tight power supply blues’ that could descend into worse scenarios of service...
MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Company (Meralco), has bought an additional 2.17 billion shares in SP New Energy Corporation (SPNEC) from Solar Philippines Power Project Holdings Inc. for P2.5 billion. In a disclosure to the Philippine Stock Exchange (PSE), SPNEC said...
Lopez-led Energy Development Corporation (EDC) will be leaning on the technology of American firm GreenFire Energy Inc. in shoring up the capacity of its geothermal assets – primarily in beefing up the generation capacity of its Mahanagdong geothermal facility in Leyte. San...
After more than a month of relentless price hikes at the pumps, consumers can look forward to a financial breather next week as petroleum product prices will be on rollback, according to the industry players. Based on the initial 4-day calculation of the oil firms, the reduction for gasoline will...
The clock is ticking for the Philippines to transition to a clean energy future. The Department of Energy, through the National Renewable Energy Program 2020-2040, aspires to increase the share of renewable energy in the country’s power generation mix to 35 percent by 2030 and 50 percent by...
Sen. Grace Poe reiterated the Senate's call for the National Grid Corporation of the Philippines to expedite the completion of the Cebu-Panay-Negros project and all other power transmission projects. "Delay is a denial of public service," she said in a statement on Thursday, Feb. 8. This was...
Japanese firm Tokai Corporation is beefing up its shareholdings in Filipino-listed firm Repower Energy Development Corporation (REDC), which is into development of various renewable energy (RE) projects in the country. Tokai first subscribed into 65 million common shares of REDC, and that warranted...
The Department of Energy (DOE), via its Energy Utilization Management Bureau (EUMB), will be issuing guidelines that shall govern the installations of solar photovoltaic (PV) systems at government-owned entities. In a draft Circular issued by the energy department, it stipulated that it will be...
