In an effort to expand renewable energy (RE) integration, Ayala-led ACEN Renewable Energy Solutions (ACEN RES) is transitioning one of the Shangri-La properties in the country to full clean energy. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, May 19, the company said The St....
Yuchengco-led PetroEnergy Resources Corp. (PERC) reported a decrease in its net income for the first three months of 2025 due to expenses for its renewable energy (RE) developments. In a statement, PERC reported a consolidated net income of ₱281 million for the first quarter of 2025, reflecting a...
Citicore Renewable Energy Corp. (CREC) saw an eight-percent increase in its net income during the first three months of 2025. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, May 15, CREC said it earned ₱230 million in net income during the first quarter of this year, higher...
Lopez-led First Gen Corp. (FGen) announced that Singaporean data developer and operator Digital Edge Holdings Pte. Ltd. has integrated renewable energy (RE) into its data center in Laguna. During the signing ceremony on Wednesday, May 14, FGen said it was tapped to power Digital Edge’s NARRA1...
Citicore Energy REIT Corporation, the country’s first and largest renewable energy REIT, posted stable attributable profit of ₱358 million and revenues of ₱472 million, in line with the same period last year. “The stability of the Company’s performance is primarily attributed to a strong,...
The Department of Energy (DOE) is anticipating a total of 19,190 megawatts (MW) worth of energy projects from 2025 to 2030, spanning across non-renewable and renewable energy (RE). These capacities projected by the DOE would help meet the country’s rising power demand and further support economic...
While other Filipino companies are still starry-eyed doodling project ideas or slow to take off from drawing boards, ACEN Corp is already way ahead, turning blueprints into concrete, thriving green gigawatts – and it’s not just within its shores; it’s taking the frontlines on the global stage...
Citicore Energy REIT Corporation (CREIT) declared cash dividends amounting to ₱320.7 million or ₱0.049 per common share, consistent with the same period last year. The firm disclosed to the Philippine Stock Exchange that the dividend represents income from its guaranteed lease revenues for the...
Ayala-led ACEN Corporation, through its wholly-owned subsidiary ACEN Australia, has secured access to the Central West-Orana Renewable Energy Zone (CWO REZ) for its wind, solar, and battery storage projects in New South Wales, which will connect to a transmission infrastructure. In a disclosure...
The Philippines and many of its Southeast Asian neighbors have been sluggish in tapping renewable energy (RE), according to the Manila-based multilateral lender Asian Development Bank (ADB). "In 2022, renewables—as a share of new power generation capacity installed—exceeded 75 percent in nine...
Holy Week brought solemn reflection to many—but for renewable energy (RE) investors, it delivered preliminary Energy Regulatory Commission (ERC) flagellation—that’s via a savage preview of green energy auction reserve (GEAR) prices that could nail their green dreams to the regulatory cross...
(Unsplash) The Philippines should take advantage of its standing as one of the emerging hotspots for renewable energy (RE) investments as it tries to secure larger overseas financing for wind farms and other RE projects in the country....
