Offshore wind investors from Spain, the United Kingdom, as well as other European countries are already storming out of the door when it comes to their targeted investments in the Philippines’ offshore wind sector, a highly placed source has affirmed. The source conveyed that “many European...
Ayala-led ACEN Corp. is offloading its diesel plants to fully embrace renewable energy (RE) into the company. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, June 17, ACEN said it has sold its ownership of three diesel plants, located in the northern parts of Luzon, to AC Energy...
The Department of Energy (DOE) announced significant enhancements to the fourth round of the Green Energy Auction (GEA-4), including various capacity allocations and rescheduling of timelines to support the development of floating solar technologies in the country. In a statement on Thursday, June...
Filinvest-ENGIE Renewable Energy Enterprise Inc. (FREE) has completed a three-megawatt-peak (MWp) solar rooftop system for Nexperia Philippines, Inc. in Cabuyao, Laguna, marking a step in expanding its clean energy solutions for industrial clients and supporting the country 's low-carbon...
Ayala-led Bank of the Philippine Islands ' (BPI) supporting inclusion, nature, and growth (SINAG) bonds now hold the record as the largest peso bond issuance to date. In a listing ceremony on Tuesday, June 10, BPI SINAG bonds were officially listed on the Philippine Dealing & Exchange Corp....
Citicore Energy REIT Corporation, the country’s first renewable energy real estate investment trust, is considering raising new funds next year to finance the acquisition of additional land for the expansion of its solar farm portfolio. During the firm’s annual stockholders’ meeting, CREIT...
Renewable energy (RE) developer Citicore Renewable Energy Corp. (CREC) has earmarked an even higher capital expenditures (capex) allocation for this year to support the goal to achieve its capacity-building projects for 2025. During the company ’s annual stockholders ’ meeting (ASM) on...
Meralco PowerGen Corp. (MGen), the power generation unit of Manila Electric Co., announced that it has signed a partnership with Saudi Arabia’s water desalination firm ACWA Power. In a statement on Wednesday, June 4, MGen said it signed an agreement with ACWA to explore renewable energy (RE)...
In a continuing push to improve the power situation in off-grid communities, the Department of Energy (DOE) and the Asian Development Bank (ADB) are collaborating on a program to upgrade the off-grid systems of the National Power Corp. (NPC). During the Asian Clean Energy Forum (ACEF), Energy...
Lopez-led First Gen Corporation (FGen) is hoping for proactive reforms in the country’s current power policies to help encourage investors to push for renewable energy (RE). During the Annual Stockholders Meeting on Thursday, May 29, FGen President Francis Giles Puno said that certain regulations...
The massive scale renewable energy (RE) investments being cornered by the Philippine government will drastically reduce the carbon dioxide (CO₂) emissions of the power industry by 18.34 percent around 2030, which is the timeframe when the country will hit strike on the first major milestone of...
The race to renewable energy (RE) integration continues, as the Department of Energy (DOE) has approved five clean energy projects for system impact studies (SIS). These endorsements to the National Grid Corporation of the Philippines (NGCP) will help assess the viability of the power grid to...
