A total of 149 power generation and transmission projects have received the Certificate of Energy Projects of National Significance (CEPNS) from the Department of Energy (DOE), assuring them of priority processing and faster permit approvals. In a statement on Monday, Feb. 10, the DOE said these...
If you dismiss the impeachment saga of Vice President Sara Duterte as just another rerun in the Philippine political circus, think again - because while we may be desensitized to that kind of drama, foreign investors are watching with sharp eyes, questioning the country’s political stability and...
The Department of Energy (DOE) shared that financial partnerships and government support will play a key role in de-risking geothermal exploration in the country, as its costs are expected to decrease over the next 20 years. During a University of the Philippines (UP) lecture on the country's...
The Department of Energy (DOE) said it will release the Terms of Reference (TOR) for the fourth Green Energy Auction (GEA-4) this month, which includes the Integrated Renewable Energy Storage System (IRESS). The TOR will outline the auction's specific provisions and procedures, covering technical,...
ACEN RES, the retail electricity supply unit of the Ayala group, was recognized for its Outstanding Achievement in Marketing Communications (Enterprise Category) during the 43rd Agora Awards held at the Manila Marriott Hotel. ACEN RES, the retail electricity supply unit of the Ayala group, has been...
Ayala-led ACEN Corp. announced Tuesday, Feb. 4, that it has increased its stake in its subsidiary, Belenos Energy Corporation, to bolster its renewable energy (RE) portfolio. In a disclosure to the Philippine Stock Exchange, ACEN said it signed a subscription agreement worth ₱392 million to...
Philreca Party-list Rep. Presley de Jesus (left), Santa Rosa City lone district Rep. Dan Fernandez (PPAB) The Energy Regulatory Commission's (ERC) past "failure" to carry out a timely rate reset--which had been detrimental to...
Citicore Renewable Energy Corp. (CREC) is selling a portion of its shares to PT Pertamina Power Indonesia (PNRE) to fund its renewable energy (RE) projects in the Philippines and Indonesia. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Jan. 31, CREC announced that Citicore Power...
The Department of Energy (DOE) has announced the bidders for the third Green Energy Auction (GEA-3). In a statement, the DOE has identified 12 renewable energy (RE) developers slated for the bidding which would begin in February. The GEA-3 involves an auction for 4,475 megawatts (MW) worth of RE...
The Department of Energy (DOE) is encouraging investors to develop microgrid solutions to ensure reliable energy supply in underserved and unserved areas of the country. At the Microgrid Systems Provider (MGSP) Investment Forum on Tuesday, Jan. 28, Energy Undersecretary Rowena Christina Guevara...
Vivant Renewable Energy Corporation (VREC), a subsidiary of Vivant Corporation, has divested its stake in local solar power provider Buskowitz Energy Inc. (BEI). In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Jan. 28, VREC announced the completion of post-closing requirements...
Following a major investment by the Maharlika Investment Corporation (MIC) in the National Grid Corporation of the Philippines (NGCP), the Department of Energy (DOE) announced that this partnership aims to resolve ongoing delays in transmission and interconnection projects that have long plagued...
