BUHAWIND ENERGY Northern Luzon Corp. (BENLC) has secured approval from the National Grid Corp. of the Philippines (NGCP) for the integration of its 2,000-megawatt (MW) North Luzon Offshore Wind Power Project.

The National Grid Corp. of the Philippines (NGCP) said it is continuing to improve its grid response capabilities in the event of large-scale power outages or system disturbances by conducting its annual blackout drills.

AYALA-LED ACEN Corp. posted an attributable net loss of P1.19 billion for the second quarter, reversing the P3.57-billion net income recorded last year, citing a large impairment from its wind farms in Vietnam.

MANILA ELECTRIC CO. (Meralco) has entered into a 20-year power supply agreement (PSA) with First Quezon Biogas Corp. (FQBC) to source part of its renewable energy (RE) supply from a 1.4-megawatt (MW) biogas power plant.

THE Department of Energy (DOE) has commenced discussions with industry stakeholders in refining the draft Capacity Market policy, a move which will incentivize investors to provide adequate and reliable power generation capacity.

ALABAT Wind Power Corp. (AWPC), a unit of Alternergy Holdings Corp., has secured the green light from the Energy Regulatory Commission (ERC) to inject electricity from its 64-megawatt (MW) Alabat wind project into the Luzon grid via a transmission facility.

The National Grid Corporation of the Philippines (NGCP) recently conducted its annual blackout simulation drill to improve its grid response capabilities in the event of a system-wide blackout.

The Department of Energy (DOE) said it will release a new policy establishing a capacity market aimed at strengthening resource adequacy and enhancing grid reliability.

THE SUPREME COURT (SC) ruling confirming that the income taxes of private contractors in the Malampaya natural gas project are included in the government’s share of proceeds is expected to reassure investors, according to the Department of Energy (DoE).

The National Grid Corp. of the Philippines (NGCP) declared a yellow alert for the Visayas and Mindanao grids on Friday from 6 p.m. to 8 p.m., citing thin power reserves due to plant outages.