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Cebu-based Vivant Corporation registered a total consolidated net income attributable to parent of Php1.78 billion in 2021, up 23% from Php1.44 billion in 2020. In its disclosure to the Philippine Stock Exchange...
Lopez-led First Gen Corporation, registered a flat growth of Php12.4 billion in 2021 due to high global oil prices and supply restrictions that affected prices in the Wholesale Electricity Spot Market. “First...
The Department of Energy (DOE) has approved the proposal of Ayala-led ACE Enexor and joint venture partner Pryce Corporation consortium to commence drilling in the Service Contract (SC) 55 exploration block in...
Citicore Renewable Energy Corporation (CREC), will be supplying renewable energy (RE) to a franchisee of Toyota Motor Philippines in Cebu – the RE company’s first deal with the automotive industry. Citicore Energy...
While it is possible for the Philippines to run on 100% renewable energy (RE), the transition may take decades, and the help of other energy sources is needed, Solar Philippines founder and...
The Energy Regulatory Commission (ERC) is studying the appeal of power generation companies (gencos) to lift the Php6.245 per kilowatt-hour (kWh) secondary price cap (SPC) at the Wholesale Electricity Spot Market (WESM)...
PNOC-Exploration Corporation (PNOC-EC) is looking at the possibility of buying back Chevron’s shares, as well as acquiring a portion of Shell Philippines Exploration B.V’s (SPEX) stake in the Malampaya gas-to-power project, according...
The Manila Electric Company (MERALCO) is looking for bidders for the 180-megawatt (MW) baseload supply needed for this summer. “This 180MW supply is meant to cover for the output of plants that...
The construction of Solar Philippines Nueva Ecija Corporation’s (SPNEC) 500-megawatt (MW) “solar ranch” in Peñaranda, Nueva Ecija is ahead of its schedule, Solar Philippines founder and CEO Leandro Leviste said. “As far...
The Hongkong and Shanghai Banking Corporation’s (HSBC) Philippine branch has released its first sustainable commercial Letter of Credit (LC) to partially fund ACEN’s 160-megawatt (MW) Balaoi and Caunayan wind farm project in...
