The power generation subsidiary of Manila Electric Company (Meralco) will ramp up its renewable energy (RE) capacity installations to 2,000 megawatts (2.0 gigawatts) backed by P18 billion in committed investments. “The investment will cover over 2GW of gross RE capacity from solar and wind that...
The "man’s world reverie" equated to the energy sector is eroding, but Maria Cristina Consunji-Gotianun, President and COO of Semirara Mining and Power Corporation (SMPC) is adding a formidable femme force to that shifting narrative. Gotianun has successfully conquered the corporate...
Developing more renewable energy (RE) projects in the country is key to bringing down the cost of electricity and ensuring power supply sufficiency for the Philippines. Sen. Sherwin Gatchalian pointed this out as he urged the government to take advantage of RE to address the...
The Philippines and the United States have officially launched the inaugural US-Philippines Energy Policy Dialogue (EPD) to deepen the two countries' energy ties and clean energy transition. File photos/Pixabay In a statement, the US State Department said its Deputy Assistant Secretary for the...
Sen. Sherwin Gatchalian (Senate PRIB) Senator Sherwin Gatchalian wants the Energy Regulatory Commission (ERC) to have its own charter to give the regulatory body more teeth in addressing industry issues such as the delays in the National Grid Corporation of the...
The Department of Energy (DOE) has conveyed to Congress that President Ferdinand Marcos Jr. has given the go-signal to oil and gas exploration and drilling activities in the country, including at the disputed waters of the West Philippine Sea (WPS). When quizzed by Representative France Castro...
McDonald’s Philippines, one of the country's biggest quick service restaurants (QSR), has installed solar rooftops in at least 25 of its stores. “The incorporation of sustainable solutions in its operations is a testament to McDonald’s recognition of its responsibility to be better for the...
The Department of Energy (DOE) is eyeing grid integration of up to 94 gigawatts of additional power capacities of projects that are undergoing pre-development phases. Energy Undersecretary Sharon Garin told a Congressional budget briefing that these planned power facilities comprise of 176 targeted...
DAVAO CITY – The power situation in Mindanao will remain stable as the El Niño phenomenon will not likely cause major disruptions to the island’s diverse power mix, an official of the Department of Mindanao (DOE)-Mindanao Field Office said. Engr. Darwin P. Galang, DOE-Mindanao Field Office...
Due to higher revenues it fetched from lease contracts, Citicore Energy REIT Corp. (CREIT) has increased its declared dividends to P0.049 per share for the second quarter this year, up 11.4-percent from P0.044 in the same period last year. The company reported that its revenues climbed 21-percent...
Aboitiz Power Corporation, via its subsidiary Aboitiz Renewables Inc. (ARI), is lining up the construction of two solar power projects that will add up 383.7-megawatt aggregate capacity to its renewable energy (RE) portfolio. The projects taking off from the company’s drawing board will be the...
Uptrend in sales from its operating renewable energy (RE) assets had driven up the net income of Yuchengco-led PetroEnergy Resources Corporation (PERC) to P591 million in this year’s first half versus P506 million a year ago. “Higher electricity sales from its renewable energy (RE) operating...
