ACEN Renewable Energy Solutions (ACEN RES), the retail electricity arm of ACEN, has garnered international recognition for its innovative marketing campaign launched earlier this year. Its hero video, "Fireflies," has won the prestigious Gold Award in the Stevie International Business Awards for...
The Belenos Energy Corp., a wholly owned subsidiary of ACEN Corp., signed an agreement for the acquisition of shares in companies that provide solar power to telecom towers and industrial facilities. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 27, ACEN said that Belenos has...
Tycoon Manuel V. Pangilinan has assumed the leadership of SP New Energy Corp. (SPNEC) following the completion of Manila Electric Co.'s (Meralco) investment in the renewable energy firm. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Dec. 27, SPNEC has announced that MGen...
Tycoon Manuel V. Pangilinan has taken over the helm of SP New Energy Corporation (SPNEC) after Manila Electric Company (Meralco), through MGen Renewable Energy (MGreen), completed its acquisition of a controlling stake in the solar energy firm for P15.9 billion. In a disclosure to the Philippine...
Power utility giant Manila Electric Company (Meralco) is aiming for timely approval of the Department of Energy (DOE) on the terms of reference (TOR) for its targeted competitive selection process (CSP) on planned capacity procurements, so it can spare its roughly 8.0 million customers from wobbly...
Diversified conglomerate San Miguel Corporation (SMC) is advancing into the phased development of a solar farm that will strategically position the cavernous New Manila International Airport (NMIA) in Bulacan as a carbon-neutral infrastructure – with the kick-off installation targeted to provide...
Renewable energy developer-firm PAVI Green of the Villar group has cemented partnerships with its affiliate Vista Malls and All Home Luzon branches for the provision of solar-generated electricity to these establishments. In a statement to the media, the Villar RE firm indicated that it will be...
The year 2023 is ending with a bang for Filipino consumers at the pumps, as oil prices will incur significant increases, according to the calculation of the oil companies. As culled from the estimates of the industry players, gasoline prices will increase by P1.45 to P1.85 per liter; while diesel...
Toyota Motor Philippines Corporation (TMP) is taking steps to ensure that it continues to reduce its carbon footprint, not just with the vehicles on the road but all the way back to how they’re built. TMP has signed a Retail Supply Contract (RSC) with a local supplier to provide green-backed...
The jurisdiction of the Energy Regulatory Commission (ERC) on resolving contractual disputes involving retail electricity suppliers (RES) has been affirmed in a ruling rendered by the Court of Appeals (CA), including its power to issue cease and desist orders. The decision of the 11th division of...
The anticipated scorching grip of El Niño may still alter power supply-demand projections, especially when temperature would exceptionally rise during the summer months, according to the Department of Energy. “Power supply projections may still change, even if we have adequate projection, due to...
Power utility giant Manila Electric Company (Meralco) will be issuing amended terms of reference (TOR) for its competitive selection process (CSP) on the targeted 1,800-megawatt capacity procurement that is scheduled for tenders-submission on December 27 this year. In a briefing with reporters,...
