The Philippine Stock Exchange (PSE) has lifted the suspension on the trading of the shares of SP New Energy Corporation (SPNEC) on Friday, Dec. 1, after the firm reported that its public float has been raised to 20.02 percent to meet the minimum public ownership requirement of 20 percent. ...
The local government of Bugallon in Pangasinan, through Mayor Priscilla Espino, greenlighted PetroGreen Energy Corp.’s 25 megawatts (MW) solar power project. The Yuchengo-led firm said that the project, which will be located in a 25-hectare site in barangay Salomague Sur, is set to start...
Ayala-led ACEN Corporation has inked P20 billion worth of term loan facility that will be used mainly to bankroll ongoing renewable energy (RE) projects as well as for general corporate purposes. According to the company, the debt facility has 10-year repayment term, but the lender-banks have not...
In an effort to reduce operational expenses, San Andres Aqua Culture Corp. (Sanacor) has integrated solar power into its shrimp farms in Sarangani, Mindanao, with the aim of lowering electricity costs. Shawna Velasco, Sanacor engineer supervisor, said solar’s contribution to the total electricity...
Merbau Corporation, the renewable energy (RE) business unit of the Gokongwei-led JG Summit Holdings, Inc., has viably advanced to commercial operation its 13.811-megawatt peak (MWp) solar installation in Batangas City, a project touted as the biggest in the solar rooftop genre that has been...
The consolidated net income of Yuchengco-led PetroEnergy Resources Corporation’s (PERC) had climbed 29% to P874 million as of end-September this year as against a leaner P677 million within a comparative period in 2022. For the third quarter alone, the company posted a profit of P282.696 million,...
The financial future of Filipino-led Alternergy Holdings Corporation is treading through favorable prospects as it logged net income upturn to P96.98 million in the initial quarter of fiscal year 2024 versus P1.66 million in the same period last year. In a disclosure to the Philippine Stock...
The equity sell-down on its Salak and Darajat geothermal power assets in Indonesia had propelled profitability upturn for Ayala-led ACEN Corporation in the first three quarters to P6.6 billion, higher by 59-percent from P4.1 billion in a comparative period last year. In terms of core operating...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment arm of Manila Electric Company (Meralco) ,will be queueing up to P200 billion worth of investments for the gigantic 3,500-megawatt solar farm development that shall be integrated with 4,000-megawatt hours (MWh) of energy storage...
Ayala group’s energy platform, ACEN Corp. has declared the cash dividends of its outstanding Series A Preferred Shares (PSE: ACENA) and Series B Preferred Shares (PSE: ACENB) for the fourth quarter of 2023. In a disclosure to the Philippine Stock Exchange on Friday, Nov. 3, ACEN’s board of...
Filipino firm Real Steel Corporation (RSC) has cemented a deal with TotalEnergies ENEOS, a joint venture between French firm TotalEnergies and Japanese firm ENEOS, for a 16.8-megawatt solar photovoltaic (PV) rooftop installation at the former’s manufacturing facility in San Simon, Pampanga. In a...
Building solutions firm Holcim Philippines, a member of the Holcim Group, signed a power purchase agreement with I Squared Captial’s energy platform Berde Renewables for rooftop solar projects at Holcim’s plants in Bulacan and La Union. As per the agreement, Berde Renewables will install,...
