ASEAN will need around USD 400 billion in annual energy investment as regional energy demand is projected to reach roughly four times current levels by 2060, according to the joint statement of the 44th ASEAN Ministers on Energy Meeting.

AbaCore Capital Holdings subsidiary Simlong Energy Development Corporation (SEDC) and the Philippine National Oil Company (PNOC) have extended their agreement covering the Simlong wind resource study in Batangas City to June 30, 2028, as technical assessment of the 142-hectare site continues.

he Jollibee Group has transitioned 189-company owned stores in the country to 100-percent renewable energy (RE) through a series of power supply contracts with First Gen Corp.

THE Philippines and Japan have signed a memorandum of cooperation (MOC) to strengthen the country’s preparations for nuclear power development.

The Department of Energy (DOE) said 10 firms have successfully prequalified for its upcoming mid-merit gas capacity auction for gas-fired power generation.

The Department of Energy (DOE) said Thursday that energizing 369 unserved and underserved areas across 23 provinces will require P20 billion to P27 billion in investments. The areas are part of the microgrid competitive bidding, which could benefit more than 100,000 unenergized households.

The Department of Energy (DOE) and the Japan International Cooperation Agency (JICA) have partnered to strengthen the Philippines’ oil security by assessing the country’s supply, demand, and stockpiling systems, and identifying policies to better prepare for disruptions.

The Philippines is emerging as a global “hotspot” for white native hydrogen, the Department of Energy (DOE) said Thursday, prompting US firm Koloma Inc. to seek two additional exploration contracts with the government.

MAJOR POWER producers, including Razon-led Prime Infrastructure Capital, Inc. (Prime Infra) and LNGPH, a consortium backed by three of the country’s largest energy groups, are among the participants prequalified for the Philippines’ first mid-merit natural gas capacity auction.

COREnergy Inc., a retail electricity supplier (RES) and subsidiary of Vivant Corp., said it has helped more than 100 clients save as much as P600 million in energy costs since January 2023.