Lopez-led First Gen Corporation recorded a recurring net income of Php3 billion ($59 million) in the first quarter of 2022, a 25.1% decline from the Php3.8 billion ($78 million) posted in the...
ACEN is looking to enter the renewable energy (RE) market in the United States by acquiring existing wind power projects on the other side of the world. This comes as Ayala’s power...
Ayala-led ACEN is currently looking at opportunities for offshore wind energy locally, particularly in Batangas and Manila Bay, as well as in the region. “Offshore wind is one of the new technologies...
The Philippines’ estimated renewable energy (RE) capacity went up by nine percent to 7,617 megawatts (MW) in 2021 from 6,986MW in 2020, according to a report by the International Renewable Energy Agency...
The Energy Regulatory Commission (ERC) has released the preliminary prices for the Green Energy Auction Reserve (GEAR) under the government’s Green Energy Auction Program (GEAP). The preliminary GEAR price for solar is...
PAVI Green Renewable Energy, Inc. – the renewable energy (RE) arm of former Senate President Manny Villar’s business empire – is investing around Php40 billion to help build a 1,000megawatt (MW) portfolio...
The Hongkong and Shanghai Banking Corporation’s (HSBC) Philippine branch has released its first sustainable commercial Letter of Credit (LC) to partially fund ACEN’s 160-megawatt (MW) Balaoi and Caunayan wind farm project in...
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...
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...
The Philippines is seen to add over $1.1 billion in gross value to the economy should 1,650 megawatts (MW) worth of wind projects be activated “under a more ambitious approach” until 2026,...
