Ayala-led ACEN Corporation will be delivering 100-percent renewable energy (RE) power supply to the 25-floor JPMorgan Chase Tower at the Fort Bonifacio Global City in Taguig, the corporate headquarters of the multinational banking and financial services firm in the country. In a media statement,...
Propped by strong performance of its power plant operations, the net income of Alcantara-led Alsons Consolidated Resources Inc. (ACR) climbed 70-percent to P1.17 billion within this year’s first half from a leaner level of P689 million within parallel period last year. That strong showing on its...
Investors in the renewable energy (RE) sector are intensifying their call on the inclusion of hybrid solar and energy storage in the next round of green energy auction (GEA) by the Department of Energy (DOE). The RE investors said the combination of hybrid solar and energy storage is the "silver...
The Department of Energy (DOE) has endorsed at least 74 new projects this year that will advance into the system impact study (SIS) phase by system operator National Grid Corporation of the Philippines (NGCP). SIS refers to an engineering study that will comprehensively assess if additional...
Oil companies will implement another round of massive price hikes with gasoline prices anticipated to rise P1.60 to P2.00 per liter. Diesel users will also brace for a fresh increase of P1.15 to P1.45 per liter while kerosene prices will have a heftier upswing of P2.00 to P2.40 per liter. The...
Senator Sherwin Gatchalian on Friday, August 11, commended the Energy Regulatory Commission’s (ERC) decision to suspend the National Grid Corporation of the Philippines (NGCP) inclusion of a three percent (3%) franchise tax in its transmission costs billed to distribution utilities. Sen....
President Ferdinand "Bongbong" Marcos Jr. said that the Philippines' push for clean energy would be at the top of his agenda during his participation in the November Asia-Pacific Economic Cooperation (APEC) Leaders' Meeting in California. File photos (Malacañang, APECSF23) Marcos...
Razon-led MORE Electric and Power Corporation (MORE Power) has conducted on-site registration at the barangay level to entice 4Ps beneficiaries and other marginalized power consumers knowns as "lifeline consumers" to avail of electricity rate discounts mandated by law. The company said it will...
Owing to profit contribution of its all-renewable energy (RE) subsidiary, First Gen Corporation has posted a 30 percent hike in its recurring net income to $167 million, approximately P9.0 billion, in the first half of the year versus $128 million or P7.0 billion, in the same period last...
Ayala-led ACEN Corporation will put up a 1,000-megawatt floating solar development at the Laguna Lake, deemed to be the biggest in the country’s renewable energy sector. According to the company, the proposed facility will locate in an 800-hectare area within the domain of the freshwater lake....
President Ferdinand “Bongbong” Marcos Jr.'s foreign trips have brought into the country some 75,000 jobs in the power and renewable energy sector, Labor Secretary Bienvenido Laguesma said on Tuesday, Aug. 8. President Ferdinand Marcos Jr. and First Lady Liza Araneta-Marcos (Ali Vicoy/MANILA...
ILOILO CITY – This city will further boost the utilization of renewable energy sources as it adheres to the programs of the Energy Regulatory Commission (ERC). ILOILO City Mayor Jerry Treñas (center) inks a tripartite agreement for two programs of the Energy Regulatory Commission (ERC) on...
