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...
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...
