Citicore Renewable Energy Corp. (CREC) has received an issuer credit rating of PRS Aa Plus (corp.) with a Stable Outlook from Philippine Rating Services Corp. (PhilRatings), driven by the company’s rapid expansion and earnings growth. An Issuer Credit Rating reflects an opinion on a company...
Abu Dhabi Future Energy Co., known as Masdar, is evaluating potential investments in clean power projects and exploring participation in a nationwide fuel stockpiling program in the Philippines. Energy Secretary Sharon Garin told reporters on Thursday, Aug. 13, that the United Arab Emirates...
The garbage choking the Redemptorist Water Channel in Parañaque reflects not only public indiscipline but also a failed system and the government’s failure to address the root of the country’s plastic pollution crisis, marine conservation group Oceana said. Oceana Vice President Von Hernandez...
The Philippines needs to rebuild its pool of nuclear-trained workers as it moves closer to developing nuclear power, with many local experts having either retired or taken their skills overseas, according to state-run National Power Corp. (Napocor). Following a recent meeting with the Vienna-based...
Ayala-led ACEN Corp. has completed upgrades to its 52-megawatt (MW) NorthWind project in Bangui Bay, Ilocos Norte, extending the operational lifespan and boosting the output of Southeast Asia’s first commercial wind farm. In a statement, the Ayala group 's energy platform said the completion...
President Marcos said the country is facing a serious garbage problem but rejected describing the situation as a “garbage crisis,” while stressing that tougher penalties for littering must be matched by adequate waste disposal facilities. In an interview during the inspection of clearing and...
Lopez-led First Gen Corp. posted slightly higher earnings in the first half of 2026 as stronger contributions from its geothermal business offset weaker performance from its hydroelectric power portfolio. In a disclosure filed with the Philippine Stock Exchange (PSE) on Wednesday, Aug. 12, First...
President Marcos has pushed for the continued implementation of the government 's waste-to-energy program and has appealed to local governments and Filipinos to properly dispose of their garbage, saying that waste dumped into waterways has worsened flooding in parts of Metro Manila. Speaking...
DAVAO CITY – The Energy Development Corporation (EDC) highlighted the continuing role of its Mt. Apo Geothermal Facility in the Philippines ' renewable energy supply while outlining new investments, environmental programs, and community initiatives under the First Gen Renewables brand. EDC...
The Philippines will need to nearly quadruple its installed power capacity to 121.3 gigawatts (GW) by 2040 to satisfy surging electricity demand while meeting its ambitious 50 percent renewable energy (RE) target, according to the Department of Energy (DOE). Speaking at a post-SONA media briefing...
Ayala-led ACEN Corp. posted a more than fivefold increase in net income during the first half of 2026, driven by stronger energy sales and improved performance across its domestic and international renewable energy (RE) portfolio. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday,...
Manila Electric Co. (Meralco) reduced electricity rates for August as the regulator-approved refund cushioned increases in transmission, tax, and generation charges. In a statement, Meralco said the country’s largest power distributor lowered its overall rate for a typical household by ₱0.0428...
