AC Energy (ACEN), the power arm of the Ayala Group, is transitioning its generation portfolio to 100% renewable energy (RE) by relinquishing all thermal assets by 2025 through a “property-for-share-swap” scheme with...
A total investment of Php5.76 trillion is needed for the expansion of the country’s power supply to meet the country’s energy requirements until 2040, according to the Department of Energy (DOE) Based...
The Department of Energy (DOE) has asked Congress to amend Republic Act 8479, better known as the Oil Deregulation Law, in the wake of rising fuel prices. In his letter to House...
AC Energy (ACEN) is acquiring the remaining 51.6% stake in its in joint venture with UPC Renewables in Australia, giving the Ayala-led firm its first wholly-owned development and operating platform outside of...
Synergy Grid and Development Philippines, the holding firm of the National Grid Corporation of the Philippines (NGCP), has lowered the offer price range for its follow-on-offering (FOO) to Php12-17 per share from...
Basic Energy Corporation’s board has approved the company’s plan to buy up to 60% of independent oil firm Filoil Energy Co. Inc. In a disclosure to the Philippine Stock Exchange (PSE) on...
A document released by the Department of Energy (DOE) shows that the Philippines’ plans for massive solar power installations may result in weaker food security. Based on the Philippine Energy Plan (PEP)...
Sen. Sherwin Gatchalian once again sounded the alarm on Udenna Corporation’s purchases related to the Malampaya gas-to-power project, this time raising a “red flag” on the Dennis Uy-led firm’s financial capability to...
AC Energy (ACEN) and AMI Renewables, a Vietnam-based renewable energy (RE) platform, will be launching a pilot utility-scale battery energy storage system (BESS) in the Southeast Asian nation’s Khanh Hoa province. The...
Vice President Leni Robredo said she will not purse any oil exploration venture with China in the West Philippine Sea (WPS) should she win the presidency in next year’s elections. Speaking at...
