The Securities and Exchange Commission (SEC) has approved the planned P3.3 billion stock rights offering (SRO) of Solar Philippine Nueva Ecija Corporation (SPNEC), by confirming that the transaction is exempt from registration requirements. In a disclosure to the Philippine Stock Exchange, SPNEC...
The EU-funded Renewable Energy for Livelihood and Youth (RELY) project of the corporate foundation of Garcia-led Vivant Corporation has completed the energization of at least 16 off-grid schools via solar power that subsequently provided livelihood to women in communities. Given that achievement,...
With a greenlight from its board of directors, Ayala-led ACEN Corporation has agreed to advance P1.139 billion loan to its partner firm Natures Renewable Energy Development Corporation (NAREDCO), a wholly owned subsidiary of Filipino-led CleanTech Global Renewables Inc., to start construction of...
Filipino photographer Edwin Martinez captures both atmospheric phenomena While it has been gloomy the past few days here in Manila, the sky opened up later to present something truly magical. On July 12 at around 9 p.m., the moon presented itself with a glowing halo. The next day, July 13, the sun,...
Listed firm RASLAG Corporation (ASLAG) is eyeing to fetch higher revenues this year with the commercial operation of its 18.01-megawatt Raslag-3 solar farm project in Pampanga. Based on the company’s forecast, the scale of electricity generation of the new solar plant could reach 13.5-gigawatt...
ACEN Corporation, the energy investment arm of the Ayala group, will be issuing P30-billion worth of debt securities to bankroll its array of renewable energy projects. In a disclosure to the Philippine Stock Exchange (PSE), the company indicated that it will file an application with the Securities...
Yuchengco pursues solar projects By BERNIE CAHILES-MAGKILAT After securing relevant permits from the Department of Energy (DOE) and the Department of Environment and Natural Resources (DENR), Yuchengco-led PetroGreen Energy Corporation (PGEC) is now ready to advance to final investment decision...
PAVI Green Renewable Energy Inc., a subsidiary of Prime Asset Ventures Inc. (PAVI) of the Villar conglomerate, has cornered a 20-year power supply agreement (PSA) for its 40.4-megawatt Naga solar farm installation in the Bicol region. The company has been one of the project-developers that won in...
AboitizPower Corp. is accelerating its 94-megawatt (MW) solar power project in Cayanga, Bugallon in Pangasinan. Once completed, the Cayanga solar power plant is expected to produce about 147 million kWh of clean energy annually or equivalent to the yearly power consumption of 60,000 average...
Zamora-led Emerging Power Inc. (EPI), the renewable energy subsidiary of Nickel Asia Corporation, has inked a joint venture agreement with Shell Overseas Investments B.V. for the targeted developments of up to 3,000 megawatts of renewable energy (RE) installations in the Philippines, primarily in...
The Department of Energy (DOE) has awarded 20-year power supply agreements (PSAs) to 19 RE developer firms that will deliver aggregate capacity of 2,000 megawatts to augment the country’s power supply under the Green Energy Auction Program (GEAP). or renewable energy (RE) bidding last June 17,...
Spectrum, the solar solutions subsidiary of Manila Electric Company (Meralco), will install rooftop solar power system for Toyota Motors Philippines (TMP), primarily for the Japanese carmaker’s manufacturing facility in Santa Rosa, Laguna. In a statement to the media, Spectrum indicated that the...
