The Energy Regulatory Commission (ERC) is scheduling public consultations on the proposed regulatory review and enforcement of rules that will directly impact consumers’ pockets as well the overall business viability of the power industry. The industry regulator apprised all relevant stakeholders...
The Department of Energy (DOE) is counting on the capacity contribution of greenfield solar plants that are coming on commercial stream during the summer months, primarily to plug capacity gap arising from the de-rated generation of the hydro plants due to the incursion of El Niño spell. In a...
Ayala-led ACEN Corporation has firmed up a deal with the Asian Development Bank (ADB) and Bank of the Philippine Islands (BPI) to raise P11 billion worth of sustainability-linked term loan facility that will partly bankroll the company’s solar projects. The loan, according to ACEN, will carry...
PetroGreen Energy Corp. (PGEC), the energy arm of Yuchengco-led PetroEnergy Resources Corp. (PERC), completed the site development works for its 27-megawatt direct current (MWdc) Dagohoy Solar Power Project in Dagohoy, Bohol. The project is currently the first large utility-scale solar power...
The Department of Energy (DOE) will submit to the Asian Development Bank (ADB) within this month the 10th candidate-port that must be covered in the pre-feasibility study aimed at repurposing these support facilities to service the needs of the flourishing billion-dollar offshore wind industry in...
DUBAI, UAE – Danish nuclear firm Seaborg Technologies is eyeing to sign a memorandum of understanding (MOU) with the Department of Energy (DOE) on targeted deployment of its sea-based small modular reactor (SMR) technology in the Philippines. In an interview during a side event at the...
Vivant Energy Corp., a wholly-owned subsidiary of Vivant Corp., has sealed a loan agreement with the Metropolitan Bank and Trust Co. (Metrobank) to obtain funding for power projects and other expenses. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 13, the Cebu-based company...
State-run Philippine National Oil Company (PNOC) has penciled in up to P5.0 billion worth of capital outlay for the repurposing of its Energy Supply Base (ESB) port facility in Mabini, Batangas, so it could be lined up for the logistics needs as well as to underpin support services to the thriving...
President Marcos said the government is working on strengthening some sectors that could be severely affected by the impending El Niño phenomenon. President Ferdinand 'Bongbong' Marcos Jr. (File photo) Marcos said this as he led the inauguration of the Balbalungao Small Reservoir Irrigation...
ACEN Renewables International Pte. Ltd (ACRI), a subsidiary of Ayala-led ACEN Corporation, has sealed AU$75 million green term loan facility with HSBC, which it will funnel into its expansion for renewable energy (RE) projects in Australia. According to the company, “the green term loan will...
The Paris-headquartered International Energy Agency (IEA) indicated that while positive developments were attained at the COP28 Climate Change Summit, the commitments from more than 100 countries might still not be enough to put the world on track to the 1.5°C global warming limit cast in the...
DUBAI, UAE – Players in the renewable energy sector of the Philippines are strategically seeking the help of the Danish government in helping address ‘tightness’ in the workforce for technical as well as managerial skills currently being experienced in the flourishing solar industry. In an...
