The establishment of a “decarbonization fund” will be mandated for large-scale enterprises that will exceed their carbon emissions target, as proposed in a “Low Carbon Economy” bill that recently secured approval from the House Committee on Climate Change.The propounded “low carbon...
Lopez-led First Gen Corporation is stepping up competition in retail market space of the power industry, as it is strategically gearing up to reign as ‘green solutions provider’ to commercial and industrial (C&I) end-users that are advancing their net zero and sustainability goals.At the...
MSpectrum, the solar solutions subsidiary of Manila Electric Company (Meralco), will be installing a solar facility that will help meet the electricity needs of agri-business firm May Harvest Corporation for its poultry meat processing facility in Bulacan province.In the agreement sealed by the...
State-run firms Philippine National Oil Company (PNOC) and the National Power Corporation (NPC) have inked a memorandum of understanding (MOU) that will cement their collaboration on setting up a pilot project for the rollout of hybrid systems leaning on solar and wind farms in energizing off-grid...
Yuchengco-led PetroGreen Energy Corporation (PGEC) has cemented a partnership deal with Japanese firm Isuzu Autoparts Manufacturing Corporation (IAMC) for the installation of 3.002-megawatt peak (MWp) solar rooftop solution at the latter’s manufacturing facility in Laguna.In a statement to the...
(Department of Energy) Camarines Sur 2nd district Rep. LRay Villafuerte says the government should further streamline the country’s investment rules on clean energy development ventures to keep on track with the Marcos administration’s decarbonization...
ACEN Corporation of the Ayala group and multilateral lending firm Asian Development Bank (ADB) have solidified their partnership in the “green power revolution” sphere, as the latter has switched on its renewable energy (RE) supply sourcing to the Ayala firm.The bank will procure 100 percent...
BAKU, Azerbaijan – Beyond addressing energy demand growth, the Conference of the Parties (COP) for Climate Change has called on global economies to viably leverage on the use of artificial intelligence (AI) as a tool in advancing their respective strategies for decarbonization.In a recently...
The Philippine subsidiary of Japanese electronic giant Murata Inc. has renewed its power supply agreement (PSA) with Lopez-led First Gen Corporation for the provision of electricity services at its manufacturing facility in Batangas.First Gen emphasized that the supply to be delivered to Philippine...
Philippine businesses are big on verbalizing mindset shift toward decarbonization across their business operations and supply chains as the central action points on their net zero goals for them to meaningfully contribute to tempering global warming as cast in the Paris Agreement.In a sustainability...
Honda Philippines Inc. is taking serious steps on its decarbonization journey, and it just concretized this goal with the commercial kick-off of its 1.056-megawatt solar rooftop facility that will partly provide for its electricity requirements.The solar rooftop was installed by solutions provider...
Ayala-led ACEN Corporation has clinched ‘B’ rating from CDP, a non-profit global entity which is authoritatively handling the disclosure platform for climate change impacts of investors, corporates and even government instrumentalities like cities and states.According to the company, its new...
