TAIPEI – The Department of Energy (DOE) is seriously pondering over a two-pronged investment approach on the development of transmission infrastructure facilities that will support gigawatt-scale offshore wind installations in various parts of the country. According to Energy Undersecretary...
With new solar and wind farm capacities coming on stream, the net income of international project developer ACEN Corporation climbed 49% to P6.3 billion in this year’s first half from the year-ago level of P4.23 billion. The Ayala-led firm indicated that its earnings factored in P1.4 billion...
Listed firm Alternergy Holdings Corporation is gaining traction on hitting the 500-megawatt scale on its portfolio buildup, with the targeted 2025 completion of its 28MW Solana solar power project in Hermosa, Bataan adding up to its well-calculated capacity growth. The solar farm project which...
The gigawatt-scale of offshore wind projects being advanced into commercial development by London-headquartered Corio Generation had secured ‘green lane’ certification from the Board of Investments (BOI) as underpinned by Executive Order 18 issued by President Marcos. The certification will...
Ayala-led ACEN Corporation had secured $150 million green term loan to bankroll the development of its pipelined renewable energy (RE) projects in the Asia Pacific region. The credit facility will have a five-year repayment period; and this was availed of via its subsidiary ACEN Renewables...
Filipino-led renewable energy (RE) firm NexGen Energy Corp. (XG) had secured regulatory approvals for its initial public offering (IPO), which will wind up at its July 16 listing at the local bourse. The company announced that it cornered both the go-signal of the Securities and Exchange Commission...
Renewable power pioneer Alternergy Holdings Corp. signed a green corporate loan with Banco De Oro Unibank, Inc. (BDO) to pursue the construction of its renewable energy projects in Rizal, Quezon, and Bataan. In a disclosure to the Philippine Stock Exchange (PSE), Alternergy said it secured P2...
Renewable power pioneer Alternergy Holdings Corp. announced that the Tanay wind power project has received P8 billion in financing. Alternergy’s wholly-owned subsidiary, Altenergy Tanay Wind Corp. (ATWC) said it secured a loan to construct the 112-megawatt (MW) power project in Rizal province....
Generation output boosted by the commercial operations of new solar and wind farms had prompted 27% rise in the net income of Ayala-led ACEN Corporation in the first quarter to P2.7 billion versus P2.0 billion in the same period last year. That escalation in profitability, the company emphasized,...
Listed Filipino firm Basic Energy Corporation has sealed a 50:50 joint venture pact with Japanese firm Renova Inc. for the commercial development of Mabini wind power project that could potentially yield 50-megawatt capacity addition to the country’s power supply. Basic Energy announced that the...
Following the recent interconnection deal for the Alabat wind project, Alternergy Holdings Corp. (Alternergy) signed a new deal with the National Grid Corporation (NGCP) for the Tanay Wind Power Project in Rizal. Alternergy’s subsidiary, the Alternergy Tanay Wind Corpo. (ATWC), and the NGCP...
Lopez-led First Gen Corporation will be turning the stretch of its hydropower complex in Pantabangan, Nueva Ecija as a ‘mecca of green energy’, with new sites around the area already tagged for its planned solar and wind farm installations that will be amalgamated with battery energy storage...
