Danish fund manager Copenhagen Infrastructure Partners (CIP) will build a $3-billion offshore wind farm project in Camarines Sur, Malacañang announced. The Palace said it will be the company 's first offshore wind development project in Southeast Asia. The deal was announced after President...
The Global Wind Energy Council (GWEC), an international wind industry association, has identified the Philippines as one of the top markets to watch for wind energy growth. In its 2025 Global Wind Report, GWEC noted that Asia-Pacific (APAC) countries, including the Philippines, Japan, South Korea,...
Renewable energy (RE) firm Alternergy Holdings Corp. reported that its Alabat wind power project is making progress following the arrival of its two units in Quezon province. In a statement on Tuesday, April 8, Alternergy reported that the first two wind turbines, with a capacity of eight megawatts...
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...
Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte has expressed high hopes for green power—particularly the development of wind, solar and other variable renewable energy (VRE)...
Renewable energy (RE) firm Alternergy Holdings Corporation announced that the Department of Energy (DOE) approved its request to increase the registered capacity of the Tanay Wind Power Project. In a disclosure to the Philippine Stock Exchange on Wednesday, Oct. 30, Alternergy said the DOE...
The Department of Energy (DOE) and the Department of Natural Resources (DENR) have partnered to speed up the exploration, utilization, and development of offshore wind projects. In a statement, the DOE said the two agencies entered into a memorandum of agreement (MOA) that allows access...
Investors in the offshore wind industry are advancing a proposal to the Department of Energy (DOE) that delays in the availability of critical infrastructure – primarily grid connections as well as port support facilities – shall be declared as ‘force majeure’ events in the terms of...
The Philippine Ports Authority (PPA) has committed the repurposing of at least three initial ports that will support the development of billion dollars-worth of offshore wind projects that the Marcos administration has been pushing for completion by 2028, according to the Department of Energy....
The Department of Energy (DOE) will allot a lead time of at least eight months as preparation time for the targeted bid submission of investors under the planned green energy auction (GEA) for offshore wind capacities by next year. According to Energy Undersecretary Rowena Cristina Guevara, the...
Ayala-led ACEN Corporation and its offshore partner firm PT Barito Renewables Energy Tbk (Barito Renewables) are poised to accelerate the commercial development of wind farm projects with 320-megawatt aggregate capacity across three project-sites in Indonesia. In a statement to the media, the...
On account of higher finance charges that it incurred due to direct equity acquisitions, the net income of Yuchengco-led of PetroEnergy Resources Corporation (PERC) had declined 11% to P527 million in the first half of the year from heftier P591 million in the same period last year. The company...
