Aboitiz Power Corporation has announced its interest in participating in the Department of Energy 's (DOE) fourth round of the Green Energy Auction (GEA-4), aiming to significantly expand its renewable energy (RE) portfolio. Leo Lungay, Aboitiz Renewables, Inc. (ARI) vice president and general...
It took us ages to recognize the star of the show. Never was it the dirty emissions that have irreversibly jeopardized the planet. It’s the sun, awaiting the stardom that humanity should have long acknowledged. In a region in the Philippines, establishments allow the sun to “steal the show”...
Razon-led MORE Electric and Power Corporation (MORE Power) is raising the share of clean energy in its portfolio with the signing of a new Power Supply Agreement (PSA) that will add 6.6 megawatts (MW) to its Renewable Portfolio Standard (RPS) requirement. The agreement was signed between MORE Power...
With the Philippines preparing the legal groundwork for safer nuclear energy, the Department of Energy (DOE) assured the public that nuclear power will not replace renewable energy, while its costs will be competitive with those of fossil fuels in the long term. The DOE reaffirmed its commitment to...
The Energy Regulatory Commission (ERC) doubled its regulatory issuances and actions in the second quarter of the year compared to the previous quarter, resulting in an additional 6,150 megawatts of fresh supply injected into the country’s power grid. In a statement, the ERC said that there were...
President Marcos has pitched the Philippines as a rising destination for clean energy investments and digital innovation, telling Asian business leaders that the country is ready to host renewable-powered factories and high-tech hubs. Marcos said this as he welcomed business leaders participating...
The Board of Investments (BOI) has endorsed ₱5.75 trillion worth of projects under the green lane status by the end of June, with the bulk of the investments directed to the renewable energy (RE) sector. Data from the BOI showed that 222 projects have been certified to go through the green lane...
To prepare the grid for an anticipated surge in renewable energy (RE) projects, the National Grid Corporation of the Philippines (NGCP), its technical partner State Grid Corp. of China (SGCC), and the Department of Energy (DOE) have discussed key policies and strategies. Representatives from NGCP...
The Department of Energy (DOE) is urging renewable energy (RE) developers to submit their infrastructure plans early for the fifth Green Energy Auction (GEA-5). In a statement on Tuesday, July 1, the DOE said the early submission aims to facilitate inter-agency coordination and minimize the risk of...
The Court of Tax Appeals (CTA) has formally decreed that the Independent Electricity Market Operator of the Philippines (IEMOP), as the duly authorized operating entity of the Wholesale Electricity Spot Market (WESM), is not exempt from paying income tax - and that effectively upheld an earlier...
The Department of Energy (DOE) is awaiting policy updates from the Department of Environment and Natural Resources (DENR) to reassess the transition of coal power facilities to renewable energy (RE). Speaking at the Media Kapihan on Energy Investment in the Philippines last week, Energy...
The Department of Energy (DOE) has announced the winners of the third round of its Green Energy Auction (GEA-3), bringing in renewable energy sources including pumped-storage hydropower, impounding hydropower, geothermal, and run-of-river technologies. In a statement, the DOE said that several...
