The Cagayan North Solar Project will receive increased funding after ACEN Corporation increased its loan to cover the remaining requirements of its first phase, the Ayala-led company said in a disclosure to
Ayala-led ACEN Corporation pushes for the development of its first 1,000 MW floating solar project situated in Laguna Lake after sealing an agreement today with the Laguna Lake Development Authority (LLDA) to
MERALCO has announced a PHP 0.2908 per kWh drop in overall electricity rates for August 2023, bringing an adjusted typical household rate of PHP 10.8991 per kWh from last month’s Php 11.1899
Manila Electric Company (MERALCO) is in discussions with two American nuclear power companies for collaboration on nuclear technology as a long-term solution for the country. The interest in the collaboration is to
After achieving its 2022 pledge to sourcing renewable energy for at least 50 percent of its electricity consumption, SM Prime Holdings Inc. (SM Prime) continues to strive for renewable energy initiatives by
Nine energy companies with power projects totaling 3,606 megawatts in combined capacity have acquired endorsement from the Department of Energy (DOE) to take on system impact studies (SIS) in July. In a
ACEN Corporation, the energy arm of the Ayala group, recorded a significant 94% increase in its consolidated net income in this year’s first semester, amounting to Php 4.2 billion. ACEN’s performance was
Marcos administration declared the use of renewable energy as the top priority of the government’s climate agenda and called for the business industry’s support to ensure its success, In a report by
Aboitiz Renewables, Inc. (ARI), the renewable energy subsidiary of Aboitiz Power Corporation (AboitizPower), has entered into a joint venture agreement with Vena Energy, a Singapore-based company, to invest in the latter’s 102-Megawatt
The House of Representatives on Wednesday approved the third and final reading of House Bill (HB) No. 8456, known as the Philippine Downstream Natural Gas Industry Development Act, allowing the replacement of
