The Department of Energy (DOE) is about to finalize the increase in the Renewable Portfolio Standards (RPS), or the minimum level of electricity contracted from renewable energy (RE) developers to 2.52% from...
After successfully purchasing the 650-megawatt (MW) Malaya Thermal Power Plant, Fort Pilar Energy recently added a solar power company to its portfolio. Fort Pilar Energy, owned by the family of businessman and...
SMC Global Power Holdings Corporation (SMCGP), San Miguel Corporation’s (SMC) power arm, is aiming to raise at least $100 million (around Php5 billion) by offering additional Senior Perpetual Capital Securities primarily to...
Government-owned Philippine National Oil Company (PNOC) has appointed its SVP for Energy Business Graciela Barleta as its Officer-In-Chief (OIC) President and CEO. Barleta takes over from PNOC President and CEO Reuben Lista,...
AC Energy (ACEN) said that it has raised a total of $967.6 million (around Php48.7 billion) in fresh capital in the first nine months of the year. This comes as the Ayalas’...
Climate and health groups have criticized the Department of Energy’s (DOE) recently-released waste-to-energy (WTE) draft circular, calling the agency’s classification of biomass energy as a form of renewable energy (RE) as “fallacious.”...
Several areas in Batangas and Samar await power restoration following the onslaught of Typhoon Jolina. As of 6PM on Thursday, the National Grid Corporation of the Philippines (NGCP) reported that eight transmission...
A global management consulting firm urged the government to review its foreign ownership rule in renewable energy (RE) projects, as well as look into offering end-to-end deals to encourage more investments in...
Two officials of the Department of Energy (DOE) gave conflicting answers to a question on the agency’s process of approving Udenna Corporation’s acquisitions in the Malampaya gas-to-power project. Based on a Manila...
The government has contributed around Php124 billion to the Malampaya fund, according to the Department of Energy (DOE). At the congressional hearing for the department’s 2022 budget last week, DOE-Energy Utilization Management...
