Alternergy Holdings Corporation has acquired a Php 1-billion project finance senior term loan facility from Rizal Commercial Banking Corporation (RCBC) to finance the construction of its 28-megawatt peak (MWp) Balsik Solar Power...
Vena Energy and MERALCO PowerGen Corporation’s renewable energy arm, MGen Renewable Energy, Inc. (MGreen), have finalized their financing agreements for the 550-megawatt (MW) Bugallon Solar Power Project in Pangasinan, which, once operational,...
The retail electricity supplier of Manila Electric Company (MERALCO), MPower, has inked a retail supply agreement with ABS-CBN Corporation to provide stable and competitively priced electricity for its main buildings in Quezon...
The Department of Energy (DOE) and UAE-based renewable energy giant Masdar have signed a historic agreement to develop 1 gigawatt (GW) of renewable energy capacity in the Philippines by 2030, an initiative...
DMCI Power Corporation (DPC) achieved a significant milestone in 2024, delivering 491.2 gigawatt-hours (GWh) of energy, marking a 9% increase from the previous year. This record growth was fueled by rising demand...
President Ferdinand R. Marcos, Jr. has signed Republic Act (RA) No. 12120, also known as the Philippine Natural Gas Industry Development Act, to bolster the country’s natural gas sector and accelerate the...
Consumers may face higher electricity rates next month as the National Grid Corporation of the Philippines (NGCP) starts recovering the remaining deferred payments for contracted ancillary services. In a GMA News Online...
Manila Electric Company (MERALCO) is firm in its commitment to lowering electricity rates for residential consumers, especially marginalized households while promising improved services. Inquirer reported that this assurance came after Senate Minority...
Aboitiz Upgrade Solar Inc. (AUSI) is partnering with Republic Cement & Building Materials to integrate solar energy into the latter’s Norzagaray plant in Bulacan, a landmark project that sets a new standard...
First Gen Corporation’s subsidiary, First Gen Visayas Energy Inc. (FGVEI), has been sanctioned around Php 285,000 by the Department of Energy (DOE) due to the delayed submission of reports on its wind...
