ACEN CORP., the listed energy platform of the Ayala group, plans to allocate more than P80 billion in capital expenditures (capex) next year to fund large-scale projects both in the Philippines and abroad, as the company continues its expansion in the renewable energy sector.
ABOITIZ POWER Corp. (AboitizPower) hopes to complete the P36-billion acquisition of the 797-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant (HEPP) by the end of the year.
The Energy Regulatory Commission (ERC) has ordered all distribution utilities (DUs) to suspend power line disconnections until the end of the year, following the devastation wrought by Typhoons “Tino” and “Uwan.”
Retail electricity supplier (RES)Shell Energy Philippines, Inc. (SEPH) secured a 120-megawatt-peak (MWp) supply deal with Greenlight Renewables Holdings, Inc. to boost its renewable energy (RE) source for commercial and industrial customers.
MANILA, Philippines — Ayala-led ACEN Corp. has secured a key offtake agreement for a portion of the clean electricity generated by its fully operational 520-megawatt Stubbo Solar in Australia.
MANILA – Heavy rains during the third quarter of the year helped lift revenues of publicly-listed run-of-river hydropower developer Repower Energy Development Corp. (REDC) to PHP526.7 million, the company announced Wednesday.
The Department of Energy (DOE) said the agency is actively terminating sluggish renewable energy (RE) contracts to free up space and attract new investments.
POWER PRODUCER First Gen Corp. posted a nine-month attributable net income of $215.4 million, up 4% from the same period last year, as higher contributions from its hydropower portfolio offset declines in natural gas and geothermal earnings.
GLOBE TELECOM, INC. said it has transitioned 171 of its sites to renewable energy (RE), up from 29 last year, as part of its net-zero strategy.
TYPICAL HOUSEHOLDS in areas served by Manila Electric Co. (Meralco) will see an increase in their electricity bills this month, mainly due to higher pass-through charges.