Security Bank said it will stop funding new coal projects by 2033 in support of the government’s commitments to reduce greenhouse gas emissions. The country’s seventh largest bank said that it will...
SPC Power Corporation and its affiliate Intrepid Holdings Inc. (IHI) will no longer acquire German firm Steag GmBH’s 51% stake in STEAG State Power Inc – the operator of the 210-megawatt (MW)...
An energy advocacy coalition has challenged the incoming administration to establish mechanisms to help accelerate the country’s energy transition and to commit to “ambitious climate goals.” This comes as Withdraw from Coal...
The country has enough supply to power through the elections on May 9, with or without unplanned outages from power plants, based on data from the Independent Electricity Market Operator of the...
Aboitiz Power Corporation recorded a 53% decline in its core net income for the first quarter of 2022 to Php2.9 billion versus from Php6.2 billion in the same period last year. In...
The percentage of coal power generation in the Philippines increased to 48% in 2021 from 38% in 2021 despite the Department of Energy’s moratorium on the building of new coal plants, according...
Despite possible Yellow Alerts during the summer months in the Luzon Grid, the Department of Energy (DOE) remains confident that there would be no power interruptions throughout the election period. “Aside from...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) said it will zero out its exposure to coal-fired power plant projects by 2031 and instead, focus its lending services on renewable energy projects. RCBC President...
The Institute of Climate and Sustainable Cities (ICSC) has called on the government to take on demand-side management activities to ensure power supply in the upcoming presidential elections, further warning once again...
The Energy Regulatory Commission (ERC) has begun its investigation into the unplanned shutdown of seven power generators that resulted in the Luzon Yellow Alert on Saturday night. Based on a Manila Bulletin...
