The Philippines is seen to emerge as a leader in renewable energy developments in Southeast Asia by 2030, industry leader, GoodWe, said. “Renewable energy in the Philippines has reached a tipping point,
The Department of Energy (DOE) is pushing to achieve 50% renewable energy (RE) by 2040 which would require investments almost amount to $153 billion. In 2020, the contribution of renewable energy (RE)
The country’s renewable energy sector is seen to have accelerated growth following the rise in investor interest, the Institute for Energy Economics and Financial Analysis (IEEFA) said. In its recent report entitled
The Philippines can expect a decrease in power prices for the next few months amid the ease of global coal prices and the declining rates of the Wholesale Electricity Spot Market (WESM),
Players of the renewable energy industry see that new technologies will shape the country’s next green energy auction program (GEAP), as the inclusion of solar storage hybrid technologies are being pushed. In
ACEN Corporation, the energy arm of the Ayala group, recorded a significant 94% increase in its consolidated net income in this year’s first semester, amounting to Php 4.2 billion. ACEN’s performance was
Energy Secretary Raphael P.M. Lotilla said that the Energy Virtual One-Stop Shop (EVOSS) will soon include Local Government Units (LGU) to help resolve the delays in the approval of projects. In a
In a bid to ease environmental concerns about unmanaged solid waste while securing more energy sources, a measure that promotes waste-to-energy (WTE) technology has advanced in the Senate after being endorsed for
President Ferdinand R. Marcos Jr. promises to achieve total electrification by the end of his term. “Alongside power generation, we are also as relentless in pursuing total electrification,” Marcos Jr. assured during
Ayala-led ACEN Corporation will be investing PHP 1.44 billion into five of its subsidiaries to fund their development projects, company president and CEO Eric Francia said. Francia said in a stock exchange
