AC Energy, together with its partner UPC Solar Asia Pacific, has secured funding for its 100-megawatt Sitara Solar Farm project in northwestern India. Located in Rajasthan, a desert state with the highest...
First Gen Corporation announced it will allocate up to 690 megawatts (MW) of geothermal power for the Department of Energy’s (DOE) green energy option program (GEOP). In a report by BusinessWorld, First...
Lopez-led Energy Development Corporation (EDC) posted a 6.6% drop in earnings to Php11.5 billion in 2020 due to lower generation and spot market prices. In a report by The Philippine Star, EDC...
SMC Global Power Holdings (SMCGPH), the power generation arm of San Miguel Corporation (SMC), posted a 31% increase in its net income for 2020 despite having lower sales amid the lockdowns resulting...
The Philippines is not yet ready to implement carbon taxes just yet since it will only make the country’s power sector uncompetitive, according to Energy Sec. Alfonso Cusi. The secretary pointed out...
After extending its no-disconnection policy for over ten months, the Manila Electric Company (MERALCO) announced it will start issuing disconnection notices to customers in the low-income group whose bills are unpaid and...
Petron Corporation has appointed John Paul Ang, the eldest son of its President and CEO Ramon Ang, as a member of its board of directors In a disclosure to the Philippine Stock...
Singaporean sovereign fund GIC Private Ltd. will begin the initial phase of its investment in AC Energy (ACEN) through an Php11.9-billion private placement slated for March 18. In a disclosure to the...
Cebu-based Vivant Corporation, through subsidiary Vivant Renewable Energy Corporation (VREC), is investing up to Php364 million in Buskowitz Finance, Inc. (BFI). BFI is a solar engineering, procurement and construction (EPC) firm and...
Petron Corporation’s bottom line indeed took a blow from the COVID-19 pandemic, as it suffered a drastic net loss of Php11.4 billion in 2020, a reverse from its net income of Php2.3...
