The Philippine Economic Zone Authority (PEZA) is banking on the government’s newly issued investment framework to drive renewable energy (RE) investments into the country’s ecozone system. On the sidelines of the PhilEnergy expo, PEZA Director General Tereso Panga said the investment promotion...
Lopez-led First Gen Corp. is evaluating the commercial viability of small modular nuclear reactors as the country maps out a path to introduce atomic energy into its grid by the next decade. In an interview with First Gen Vice President and Head of Strategy and Planning Jay Soriano sad the company...
Cebu-based Vivant Energy Corp. (VEC) has acquired a 100 percent stake in Samar Philippines Renewable Corporation, giving the power firm full control of a 200-megawatt (MW) utility-scale wind development in the central Philippines. In a statement on Wednesday, June 24, VEC said the full buyout of...
TOKYO (AP) — The head of the U.N. 's nuclear agency signaled Wednesday that Iranian nuclear enrichment sites would be visited by his inspectors, a key component in the interim deal between the United States and Iran to reach an end to the war. The comment by International Atomic Energy...
To address the growing power demand in Mindanao, state-run National Power Corp. (Napocor) is set to gradually switch on multiple power units of the Agus-Pulangi hydroelectric plants through the end of this month until August. In a statement on Wednesday, June 24, Napocor said its power assets are...
United Nations Secretary-General António Guterres on Tuesday called on artificial intelligence companies to release information about the carbon pollution they create, along with the water and land used to power their operations. While urging action in an address at London Climate Action Week,...
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) and its power generation arm are partnering with Vietnam-based VinEnergo Energy Joint Stock Co. (VinEnergo) to explore about five gigawatts (GW) worth of renewable energy (RE) projects in the Philippines. In a statement on Tuesday, June 23,...
The Global Wind Energy Council (GWEC), an international wind industry association, has identified strategic investments in port infrastructure as the critical catalyst for unlocking billions of dollars in the Philippines’ offshore wind (OSW) sector. In its latest report released on Monday, June...
The National Power Corp. (Napocor), the state-owned utility responsible for supplying electricity to the country’s remote areas, is looking for private sector investors to help fund its five-year transition away from expensive diesel reliance toward renewable energy. Napocor President Jericho...
Domestic lenders funneled record amounts of capital into coal-fired power infrastructure last year, exploiting a key policy loophole despite the state-mandated ban on new coal developments, according to a report by an energy think tank. Fourteen domestic commercial banks actively financed fossil...
PARIS, France – The future energy mix demands the coexistence of nuclear and renewable energy (RE) technologies, but the growing prevalence of RE-induced negative pricing is exposing fundamental weaknesses in new market design—weaknesses that nuclear power supply agreements (PSAs) must confront...
For decades, the relationship between Filipino consumers and their electricity providers was entirely one-sided. If you lived in Metro Manila, you paid whatever the Manila Electric Co. (Meralco) billed you. If the summer heat strained the power plants feeding the high-voltage lines of the National...
