SP New Energy Corp. (SPNEC) has acquired all of the shares of Prime Infrastructure Inc. (Prime Infra) in their joint venture firm Terra Solar Philippines Inc. (TSPI) for P6 billion to build the world’s largest solar project at a cost of about P200 billion. In a disclosure to the Philippine Stock...
DUBAI, UAE – The Export and Investment Fund of Denmark (EIFO) is keen on extending soft loans to the array of energy efficiency projects being carried out in the Philippines, according to Danish Ambassador to the Philippines Franz-Michael S. Mellbin. In an interview on the sidelines of the COP28...
DUBAI, UAE – Multilateral lending firm Asian Development Bank (ADB) sees biggest potential for carbon emissions reduction with the energy transition mechanism (ETM) being pushed for the retirement or repurposing of coal plants all over the world. “Coal-fired power plants produce more global...
Filipino-led firm Climargy, which is classified as a super energy service company or SUPER-ESCO in the energy efficiency investment terrain, is among the corporates globally that made its pledge for a ramp up on energy efficiency ventures and programs as part of the cornerstone agreements being...
DUBAI, UAE – As the JOBS4RE initiative has started gaining high-powered support from various countries as well as development-partners, the Philippines is joining peers in the world on this transformative movement that will address glaring gap on the technical as well as professional skills that...
The Energy Regulatory Commission (ERC) said that the processing time for the application of capital expenditures (CAPEX) has been reduced to allow faster deployment of energy infrastructure and expand access to energy resources. During the capacity training held by ERC, the commission...
Vivant Corporation’s (VVT) subsidiary, Vivant Energy Corp. (Vivant Energy) signed a term loan facility with Banco De Oro Universal Bank (BDO UniBank). In a disclosure to the Philippine Stock Exchange (PSE), a total of P3.5 billion was inked in agreement to partially finance the investments...
It’s feeling a lot more like Christmas for consumers, and one of their early gifts will be big-time rollback at the pumps next week, based on the calculation of the oil companies. According to the industry players, the price of diesel will have sizeable reduction of P1.65 to P2.05 per liter;...
The Philippine Statistics Authority (PSA) reported that the country's energy consumption registered a slight increase last year, with non-renewable sources contributing to almost half of the total energy supply. Data from the PSA indicated that the overall final energy consumption in the country...
DUBAI, UAE – The Philippine government will aggressively work on international certifications for the targeted 9.0 million “green jobs” in the country through planned upskilling and right-skilling of Filipino workers so they can be gainfully employed not just in the clean energy sector of the...
Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) A lawmaker is insisting that the Philippines is ready for the future use of nuclear energy, which is being touted as a sustainable and clean energy source. Camarines Sur 2nd district Rep....
The Energy Regulatory Commission (ERC) met with local government officials and various ERC representatives and coops to discuss off-grid distribution utilities in Mindoro. In a statement, the ERC brought its caravan to some parts of Mindoro to exchange ideas, best practices, and other...
