AC Energy (ACEN), the Ayala group’s energy platform, will be increasing its ownership in its wind farm projects in Ilocos Norte, while also taking over its joint ventures with UPC Renewables in...
The Luzon Grid was placed on Yellow Alert on midday Wednesday, as several power plants went on forced outage, according to the National Grid Corporation of the Philippines. Net operating margin from...
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...
