Ayala-led AC Energy (ACEN) will be selling its three aging bunker fuel-based power barges, as part of the company’s plans to prioritize renewable energy (RE). In a disclosure to the Philippine Stock...
DMCI Power Corporation has allotted around Php3.5 billion to expand its generation capacity in the off-grid market, particularly in Palawan and Masbate. The company said around Php2.7 billion will be used to...
Aboitiz Power Corporation, through subsidiary Hedcor, has reconnected Units 3 and 4 of its Manolo Fortich 1 hydroelectric power plant in Bukidnon to the Mindanao Grid after completion of restoration works. The...
Synergy Grid and Development Philippines aims to raise up to Php28.9 billion (around $573 million) via a follow-on offering (FOO) at the Philippine Stock Exchange (PSE). Based on its preliminary prospectus, Synergy...
The National Grid Corporation of the Philippines (NGCP) said it has committed to invest Php440 billion in capital expenditures until 2033 to grow and strengthen its transmission network. Based on the preliminary...
Aboitiz Power Corporation said that it aims to commence commercial operations of two battery energy storage systems (BESS) in Davao de Oro and Isabela with a total capacity of 69 megawatts (MW)...
Lopez-led First Gen Corporation is supplying geothermal power to Philippine Bio-Industries, Inc. (PBI), one of the country’s biggest exporters of refined carrageenan blends. PBI, through parent firm W Hydrocolloids, Inc. (WHI), recently...
Pilipinas Shell Petroleum Corporation, the country’s second-largest oil firm, posted a Php1.2 billion profit in the second quarter, a reversal from Php1.12 billion loss in the same period last year, based on its...
AC Energy (ACEN) and UPC Solar Asia Pacific, through joint venture company UPC-AC Energy Solar, plans to build 420 megawatt-peak (MWp) or 300 megawatt-alternating current (MWac) in India within the year. This...
AC Energy (ACEN) is reallocating part of its proceeds from its stock rights offering (SRO) and follow-on offer (FOO) amounting to Php7.07 billion to finance its renewable energy (RE) projects in Pampanga...
