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The Bank of the Philippine Islands (BPI) says it is bullish on solar power investments in the country, calling it a “low-hanging fruit” for most companies that can cut energy costs in...
Luzon is forecasted initially to have a peak demand of 12,387 megawatts (MW) come May, according to the Manila Electric Company (MERALCO). Based on a BusinessWorld report, the projected demand is higher...
SMC Global Power Holdings Corporation, the power generating arm of San Miguel Corporation (SMC), said 690 megawatts (MW) in battery energy storage system (BESS) projects would be operational early this year. The...
Ayala-led ACEN is set to swap some of its assets for shares in exploration unit ACE Enexor, Inc. in a deed of assignment that the two entities signed before the end of...
The Development Bank of the Philippines (DBP) has recently announced a new loan program aimed at expanding support for utility-scale solar power developers, as well as support renewable energy (RE) investments in...
The Philippine National Oil Company (PNOC) said on Friday it sold a part of the banked gas from the Malampaya gas field to undisclosed buyers on December 26, according to a Manila...
Ayala-led ACEN is raising a total of Php14 billion to develop solar and wind projects. In separate disclosures to the Philippine Stock Exchange on Wednesday, ACEN said it signed subscription agreements with subsidiaries...
Mangima Hydro Power Corporation (MHPC), a firm led by Sen. Juan Miguel Zubiri, said on Tuesday said it had inked a Php2.4 billion loan agreement with the Philippine National Bank (PNB) for...
Following the onslaught of Typhoon Odette, distribution utilities (DUs) based in Metro Cebu and Tagbilaran City are targeting full power restoration in their franchise areas by the end of January 2022, according...
Pilipinas Shell Petroleum Corporation has paid Php1.7 billion or nearly half of its Php3.49 billion in back taxes to the Bureau of Customs (BOC), according to Finance Sec. Carlos Dominguez III. The...
