Axia Power Holdings Philippines, a subsidiary of Japanese firm Marubeni Corporation has sealed a deal with ACE Endevor, Inc., a subsidiary of AC Energy, to acquire a 50% stake in the Ayala
The Lopezes’ main holding firm is set to return to full private control in a bid to consolidate ownership and simplify corporate structure. Lopez Holdings, which trades under the ticker LPZ, proposed
The Department of Energy (DOE) has concluded assessing the damages caused by recent typhoons to power facilities in Bicol, particularly in Catanduanes, Albay, and Camarines Sur. In its meeting with Energy Usec.
The National Transmission Corporation (TransCo) seeks to raise the feed-in tariff allowance (FIT-All) for 2021. In its petition before the Energy Regulatory Commission (ERC), TransCo is asking for the approval of its
AC Energy concurs with the proposal of the National Renewable Energy Board (NREB) to adjust minimum level of electricity contracted from renewable energy (RE) developers. AC Energy President and CEO Eric Francia said
Ayala-led AC Energy issued US dollar-denominated senior perpetual fixed-for-life (non-deferrable) green bonds worth $300 million (Php14.3 billion) last November 27. The company said it would use the bonds’ net proceeds to fund
AC Energy may be putting up diesel power plants in Luzon with a combined capacity of 550 megawatts (MW) worth around Php27 billion. Based on documents submitted to the Department of Environment
Pilipinas Shell Petroleum Corporation has unveiled a new import facility in Subic, which aims to strengthen its supply chain in Northern and Central Luzon. The facility, which can hold up to 54
A month and a half after President Rodrigo Duterte lifted the moratorium on oil exploration in the West Philippine Sea (WPS), the Armed Forces of the Philippines’ (AFP) Western Command (WESCOM) conducted
The Philippines remains largely dependent on coal for its electricity requirements, with fossil fuels powering half of the country’s output even during the COVID-19 pandemic, based on data from the Wholesale Electricity
