Norway is open to expanding trade and investment ties with the Philippines particularly in the areas of aquaculture and retail industries while also continuing to develop its partnerships in the renewable energy (RE) and maritime sectors. Norwegian Ambassador to the Philippines Christian Halaas...
Ayala-led energy platform ACEN Corp. has secured P5 billion worth of term loan facility. The loan facility would allow the borrower to request a large disbursement of funds for a term with an agreed schedule for repayment. In a disclosure to the Philippine Stock Exchange, ACEN said the company...
Senator Sherwin Gatchalian has called on the government to hasten the development of transmission facilities for offshore wind (OSW) projects to boost the renewable energy (RE) sector’s contribution to the country’s energy requirements. Gatchalian also said doing so would secure the...
Filipino-European firm Triconti Windkraft Group has brought in Liechtenstein-headquartered Sea Wind Holding AG as its new partner to help advance its 1,500 megawatts of offshore wind (OSW) farm developments into commercial fruition. “Seawind joins the consortium to fast track the...
The P15.9 billion investment to be injected by a subsidiary-company of Manila Electric Company (Meralco) into the Leviste-founded SP New Energy Corporation (SPNEC) will help ramp up the development of the latter’s pipelined solar-plus-energy storage projects. The utility firm announced that MGen...
The Energy Regulatory Commission (ERC) has already kicked off focus group discussion (FGD) and preliminary studies for the next round of green energy auction (GEA) that will integrate both renewable energy-generated capacities and energy storage systems. According to ERC Chairperson Monalisa C....
The relevant government agencies of the Philippines have been working on ‘global certifications’ that could be accorded for the right-skilling of workers that will be joining the labor force of the country’s flourishing renewable energy (RE) sector. According to Energy Secretary Raphael P.M....
The Department of Energy (DOE) will assume responsibility in the ‘foreshore lease agreement’ that the foreign investors will need to enter into with the Philippine government for their offshore wind (OSW) projects. Energy Undersecretary Rowena L. Guevara indicated that the DOE can serve as the...
The Department of Energy (DOE) is working on a policy that will underpin investments as well as the development of hydrogen technology for application across multiple industries in the country – primarily the need for retrofit of some power generating facilities as well as energy storage systems....
The board of directors of renewable energy pioneer Alternergy Holdings Corporation has given go-signal on the reallocation of substantial portion of its initial public offering (IPO) proceeds to bankroll the construction of its two major wind power projects. With that decision, the company conveyed...
This early, the Department of Energy (DOE) is keeping consumers up to speed that the country’s transition to renewable energy (RE) will not only be a long journey, but there’s also high probability that it will add up costs into the electric bills of consumers. “Nobody is going to tell you...
The Asian Development Bank (ADB) is currently undertaking studies on ‘de-risking strategy’ that can be employed in the planned development of the array of geothermal power development prospects in the country. According to Energy Undersecretary Rowena L. Guevara, the de-risking roadmap “will...
