MGen Renewable Energy Inc., the clean-energy arm of Meralco PowerGen Corp., is planning to participate in the government’s upcoming Green Energy Auction program as part of its strategy to expand its clean power portfolio. Dennis Jordan, MGreen president and chief executive officer said in an...
The Department of Energy (DOE) opened the application window for its delayed offshore wind auction, kickstarting a multi-gigawatt procurement process intended to accelerate the country’s transition toward clean power generation. Under the revised timeline for the fifth round of the Green Energy...
Twenty-five years after the Electric Power Industry Reform Act (EPIRA) restructured the country’s electricity sector, government and industry players are expected to raise a toast to “market liberalization” as a success story. Whether consumers feel just as energized, however, is another...
Four global institutions have warned that the prolonged war in the Middle East is posing increasing risks to global energy security, food supplies, and economic growth as oil inventories continue to decline at a record pace. In a joint statement last Friday, May 29, the International Energy...
In the capital-intensive world of infrastructure in the country, power companies are usually judged by a few hard numbers: megawatts generated, grid efficiency, and the bottom line. But Meralco PowerGen Corp. (MGEN) is trying a different track. The generation arm of the Philippines’ largest...
The Energy Regulatory Commission (ERC) has imposed new limits on the maximum market share power generation companies can control in the country’s regional and national grids, part of its regulatory push to curb monopolies and foster competition in the sector. The ERC updated the installed...
Recent rotational brownouts in Luzon have highlighted the urgent need to modernize the country’s aging power grid, with state-run policy think tank Philippine Institute for Development Studies (PIDS) warning that transmission bottlenecks and delayed infrastructure projects are increasingly...
The Philippines is moving to establish its first systematic strategic petroleum reserve program to insulate the domestic economy from volatile global supply chains and geopolitical shocks, according to the Department of Energy (DOE). Under a newly established framework dubbed Partnership On Wide...
Telecommunications giant PLDT Inc. is going all in on solar energy as it plans to roll out a new service offering that would allow customers to pay for internet and solar power solutions under a single package. PLDT, through its broadband unit PLDT Home, said it is exploring a “pioneering...
Nomura Holdings Inc., a Japanese investment and brokerage giant, has significantly downgraded its economic outlook for the Philippines as the nation struggles with energy security vulnerabilities and mounting inflationary pressures. A new report showed that Nomura has slashed its real gross...
Repower Energy Development Corp. (REDC) is expanding its footprint in the Visayas through a joint ₱3.9 billion transaction to acquire a major hydropower facility, according to a stock exchange filing on Thursday, May 28. The renewable energy developer, alongside Tokai Corp. and Sustainable Energy...
Robinsons Land Corp. (RLC), the property development arm of the Gokongwei group, plans to continue expanding the installation of solar power generation panels across its malls, particularly amid the ongoing energy crisis. Through Robinsons Malls, the company has been installing solar power...
