ATN Philippines Solar Energy Group Inc. (ATN Solar) is looking to raise Php 1 billion through its initial public offering (IPO) to establish its renewable energy business. In a disclosure to the...
As it shifts to an all-renewable energy (RE) portfolio, ACEN posted a 22% increase in its net income to Php5.3 billion in 2021 from Php4.3 billion in 2020. Ayala’s power arm attributed...
Shareholders of Solar Philippines Nueva Ecija Corp. (SPNEC) have formally approved the increase in its authorized capital stock to 50 billion shares from 10 billion shares, as well as the asset-for-share swap....
Basic Energy Corporation is set to launch its Green Energy E-Transport Project that will roll out electric buses (e-buses) and solarize several gasoline stations in the country. Under the project, Basic Energy...
Basic Energy Corporation will be allotting an initial budget of Php31 million for its 50-megawatt (MW) Mabini Wind Project in Batangas, which will begin construction soon. In a disclosure to the Philippine...
The Philippine Electricity Market Corporation (PEMC) will be conducting a study that will establish an energy transition road map that aims to introduce mechanisms and enhancements that would promote the participation of...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) will be focusing its lending projects on at least 1,600 megawatts (MW) of renewable energy (RE) projects over the next two years. RCBC Corporate Banking Group...
SMC Global Light and Power Corporation and SunAsia Energy, Inc. have challenged Terra Solar’s unsolicited offer to supply 850 megawatts (MW) of mid-merit power to the Manila Electric Company (MERALCO). According to...
Fort Pilar Energy, Inc. (FPEI), owned by the family of businessman-politician Michael “Mikee” Romero, is looking to expand the capacity of its Digos Solar Plant in Davao Del Sur to 40 megawatts...
The United States Agency for International Development (USAID) said that there is potential for renewable energy (RE) and energy efficiency to be integrated into the country’s post-COVID19 economic recovery plans. “The economic...
