Citicore Renewable Energy Corp.’s (CREC) solar unit in Pangasinan is seeking the approval of the Energy Regulatory Commission (ERC) to develop facilities linking its solar project to the Luzon grid. In an application filing posted on the ERC website, Citicore Solar Pangasinan Inc. (CSPI) has...
The Securities and Exchange Commission (SEC) and the Energy Regulatory Commission (ERC) are simplifying the process of raising capital through the capital market by power generation and distribution companies to support their growth and expansion. The SEC and ERC formally launched the Securing and...
Citicore Renewable Energy Corporation (CREC) reported an 11 percent jump in its net income for 2024, fueled by strong electricity sales. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, April 8, CREC said its net income climbed to ₱1 billion in January to December last year, up...
Despite President Donald Trump’s recent executive order (EO) to withdraw the United States (US) from the Paris Agreement, energy stakeholders in the Philippines believe his current policies will have minimal impact on renewable energy (RE) growth in Asia. During the Renewable Energy Forum 2025 on...
An offshore wind farm The Philippines must put its best foot forward in the renewal energy (RE) arena--where it has been listed as second most attractive destination for investors--in order to entice additional foreign support, Camarines Sur...
Renewable energy (RE) infrastructure, particularly those focused on transmission and distribution, is poised to be the country’s most lucrative investment magnet in the near future. HSBC Hong Kong Global Financing Solutions Director Max Thomas had this to say, as he noted that the...
MGen Renewable Energy Inc. (MGreen), through its subsidiary unit SP New Energy Corp. (SPNEC), announced that Singapore-based Actis Rubyred Pte. Ltd. has closed its investment stake in Terra Solar Philippines Inc. In a statement on Monday, March 17, Meralco PowerGen Corp. (MGen) reported that...
SP New Energy Corporation (SPNEC), a solar power producer controlled by Manila Electric Company (Meralco) through Meralco Power Gen Corporation (MGen), looking at developing another massive solar farm in Southern Luzon. In an interview, Meralco Chairman Manuel V. Pangilinan said SPNEC is putting up...
Citicore Energy REIT Corp. (CREIT), through its subsidiary Citicore Solar Batangas I, Inc. (CSBat1), has filed an application with the Energy Regulatory Commission (ERC) seeking approval for the construction of point-to-point interconnection facilities. In a notice posted by the ERC, CSBat1...
Philippines-based renewable energy (RE) firm Berde Renewables Inc. is set to help accelerate green energy developments in Thailand. In a statement, Berde Renewables and Thailand’s Power Systems and Solutions Co. Ltd. (PSS) announced a joint venture to develop and deploy solar photovoltaic,...
Meralco PowerGen Corporation (MGen) has expressed interest in revisiting the Caliraya-Botocan-Kalayaan (CBK) hydropower complex, depending on specific deal structures. Emmanuel V. Rubio, president and chief executive officer (CEO) of MGen, shared in an ambush interview that they may revisit the...
MGen Renewable Energy Inc. (MGreen), the renewable energy unit of Meralco PowerGen Corporation (MGen), has energized its 19.8-megawatt alternating current (MWac) solar power plant in Bongabon, Nueva Ecija. Inaugurated on Tuesday, Feb. 18, the plant is expected to supply power to at least 20,000...
