AC Energy (ACEN) has set its follow-on offering (FOO) price at Php6.50/share, it announced in a disclosure to the Philippine Stock Exchange (PSE). The FOO, slated for Monday (May 3) is “subject...
Vires Energy Corporation (VEC) has clarified that it will no longer contract liquefied natural gas (LNG) tanker BW Paris. The Department of Energy (DOE) announced in its press release over the weekend...
Aboitiz Power Corporation aims to begin working on its renewable energy (RE) projects for this year with the groundbreaking of its 73-megawatt (MW) Cayanga-Bugallon solar power plant project in Pangasinan. The project...
Aboitiz Power Corporation’s consolidated net income for the first quarter nearly tripled to Php6.2 billion from Php2.1 billion year-on-year. In a disclosure to the Philippine Stock Exchange, AboitizPower attributed the profit surge...
AC Energy Corporation (ACEN) and AC Energy and Infrastructure Corporation (ACEIC) have finalized their property-for-share swap deal as part of ACEN’s move to consolidate its local and foreign energy platforms. In a...
The Philippine Electricity Market Corporation (PEMC), regulator of the Wholesale Electricity Spot Market (WESM), seeks the Energy Regulatory Commission’s (ERC) approval of additional spot market transaction fees to be charged to Renewable...
AC Energy (ACEN) announced that its 63-megawatt (MW) Gigasol Palauig solar farm in Zambales has begun operations and is seen to supply power to the Luzon Grid. The Ayala-led firm said the...
The Manila Electric Company (MERALCO) reported a 10.7% drop in its consolidated core net income to Php5.72 billion in the first quarter of 2021 from Php5.11 billion in the same period in...
Aboitiz Power Corporation has denied being involved in “economic sabotage” in the wake of the Department of Energy’s warning to generating companies on the possible filing of charges over prolonged power plant...
First Gen Corporation has been chosen by Megaworld Corporation to supply 6.17 megawatts (MW) of geothermal energy to its four buildings in Bonifacio Global City (BGC), Taguig City. Under the two-year deal,...
