The Philippines is eyeing becoming the first country to develop native hydrogen as a power source, as Colorado-based Koloma Inc. is set to complete its exploration work before the end of the year. In a media briefing on Monday, July 13, Energy Secretary Sharon Garin reported that Koloma, a geologic...
Investments registered with the Board of Investments (BOI) increased by 21 percent to more than ₱460 billion in the first half of 2026, as projects in the renewable energy (RE) sector continue to dominate the country’s investment landscape. In a statement last week, the BOI said it approved...
Every day, the world depends on energy to power homes, buildings, devices, transportation, and digital technologies. In the modern age, energy has become an essential resource that drives economic growth and technological advancement. Yet behind this convenience lies a growing challenge: much of...
Luzon is positioned to become the primary engine of the Philippines’ renewable transition as the Department of Energy (DOE) oversees 11.7 gigawatts (GW) of awarded hydropower potential, driven largely by massive pumped-storage developments. Based on the latest DOE data, the country is expecting a...
The Ayala Group’s Bank of the Philippine Islands (BPI) reinforced its leadership in sustainable finance, supporting some of the country’s largest and most transformative renewable energy (RE) projects through a series of landmark financing deals worth a total of ₱376 billion. Helping advance...
The Government Service Insurance System (GSIS) expanded its investment in Citicore Renewable Energy Corp. (CREC) to ₱4.5 billion, completing a series of secondary-market purchases that finalized builder Megawide Construction Corp.’s exit from the solar producer. CREC disclosed to the...
The Makati City government has launched the first phase of its renewable energy transition, with 11 major city-owned facilities now running entirely on clean power to reduce carbon emissions from government operations. The local government said the switching ceremony, held at Makati City Hall on...
Philippine firms face mounting pressure to adapt to worsening climate risks as recurrent flooding erodes productivity, threatens jobs, and drives businesses to relocate, prompting the World Bank to call for faster investments in resilient infrastructure, energy efficiency, as well as renewable...
The Philippines, still under a state of national energy emergency, has secured a record $1.02-billion World Bank Group (WBG) financing package to help lower electricity costs, accelerate renewable energy (RE) adoption, and strengthen water services nationwide. In a press release dated June 25 and...
The Asian Development Bank (ADB) has approved an up to $30-million equity investment in a regional infrastructure fund that will bankroll projects, including those in the Philippines, to support energy transition and digital infrastructure in Southeast Asia. Documents showed that the Manila-based...
Investment czar and Department of Finance (DOF) Secretary Frederick D. Go is advancing the development of what is expected to become the Philippines’ and Southeast Asia’s first offshore wind farm, reinforcing the Marcos administration’s push to attract large-scale renewable energy (RE)...
Yuchengco-led PetroGreen Energy Corp. (PGEC) advanced three major clean energy projects closer to full commercial operations after securing regulatory and market approvals over the past two months. In a statement on Friday, June 26, the company announced that its subsidiary, PetroWind Energy Inc.,...
