The Department of Energy (DOE) is set to issue relevant guidelines imposing a limit on sulfur content in marine fuels. In a circular published on Feb. 17, the DOE said it would prescribe the specifications for marine fuels after mandating that all fuel oil used on ships or their operations must...
MGen Renewable Energy Inc. (MGreen), the renewable energy unit of Meralco PowerGen Corporation (MGen), has energized its 19.8-megawatt alternating current (MWac) solar power plant in Bongabon, Nueva Ecija. Inaugurated on Tuesday, Feb. 18, the plant is expected to supply power to at least 20,000...
Ayala-led retail electricity unit ACEN Renewable Energy Solutions (ACEN RES) has entered into its first retail aggregation program (RAP) deal with Filipino-Chinese school Philippine Cultural College (PCC). In a statement on Wednesday, Feb. 19, ACEN RES said it partnered with PCC through RAP, a...
Renewable energy (RE) developer SN Aboitiz Power Group (SNAP) has acquired funding from local banks to expand its battery energy storage systems (BESS) in Isabela and Benguet. In a disclosure to the Philippine Stock Exchange on Tuesday, Feb. 18, SNAP reported that it has secured financing from...
Basic Energy Corporation (BEC) announced that Japanese renewable energy (RE) firm Renova Inc. is set to contribute its expertise and resources to the Mabini wind energy project. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, Feb. 17, BEC and Renova announced the completion of...
To help address power strains and bring in new power transmission, the Energy Regulatory Commission (ERC) has approved four capital expenditure (capex) projects of the National Grid Corporation of the Philippines (NGCP). According to the ERC on Feb. 12, NGCP received a green light for three...
Data on power consumption, generation costs, and generation rates from 36 GEOP-registered meters A new study by The Climate Reality Project Philippines has revealed the significant benefits of renewable energy for Philippine businesses. By enabling companies to switch to 100 percent...
Following the launch of the third Green Energy Auction (GEA-3), the Department of Energy (DOE) announced that submitted offers for renewable energy (RE) technologies from qualified bidders exceeded the initial capacity target. In a statement on Wednesday, Feb. 12, the DOE reported that the total...
SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, has signed an agreement with TeaM (Philippines) Energy Corporation (TPEC) for the installation of over 33,000 square meters of solar panels on the rooftops of four SM malls. In a disclosure to the Philippine Stock...
The Department of Energy (DOE) announced an increase in renewable energy (RE) integration, with new capacity added to the grid last year exceeding the total installed over the past three years. In a statement released on Tuesday, Feb. 11, the DOE reported that 794.34 megawatts (MW) of new RE...
The Independent Electricity Market Operator of the Philippines (IEMOP) expects an increase in Renewable Energy Certificate (REC) issuance, driven by the ongoing Green Energy Auction Program (GEAP). Chris Warren C. Manalo, assistant manager of IEMOP’s market simulation and analysis division,...
Saavedra-led Citicore Energy REIT Corporation (CREIT), the country’s first renewable energy (RE) real estate investment trust, has been assigned a strong Issuer Credit Rating of PRS Aa plus (corp.), with a Stable Outlook by Philippine Rating Services Corporation. An Issuer Credit Rating is an...
