Meralco reported a modest increase in first-quarter earnings for 2026 as gains from its generation business, particularly LNG and early solar output, helped offset softer distribution volumes and volatility in global fuel markets following geopolitical tensions.

MANILA, Philippines -First Gen Corp. has formalized the structure and payment terms of its hydropower deal with Prime Infrastructure Capital Inc., detailing how the multibillion-peso transaction will be executed.

Vena Energy’s Garcia 4 (Opus Solar Energy Project) in the Philippines has been named Solar Deal of the Year – APAC at the IJGlobal Awards, highlighting one of the country’s major renewable energy financing transactions.

State-run Bases Conversion and Development Authority (BCDA) has signed a memorandum of understanding with Esyasoft Technologies Asia to explore advanced energy solutions, including battery energy storage systems (BESS), for its flagship developments—anchored on New Clark City—as part of efforts to strengthen grid stability and accelerate renewable energy integration.

Manila Electric Company (Meralco) has approved the sale of its majority stake in Radius Telecoms, Inc. to PLDT Inc. for nearly PHP 3 billion, marking a strategic exit from the telecommunications infrastructure business.

Berde Renewables is advancing a proposed 5-megawatt (MW) solar power facility in Laoang, Northern Samar, in partnership with the Northern Samar Electric Cooperative (NORSAMELCO), as the province moves to expand embedded renewable generation aimed at easing electricity costs.

The Energy Regulatory Commission (ERC) has ordered the resumption of operations of the Wholesale Electricity Spot Market (WESM) across the Luzon, Visayas, and Mindanao grids, restoring market-based electricity trading effective May 1, 2026 at 12:05 AM.

Manila Electric Co. (Meralco) is urging the government to establish strict technical standards for rooftop solar equipment and regulate “guerrilla” installations to ensure consumer safety and grid stability.

ACEN Corp., the power generation arm of the Ayala Group, is studying the potential entry of nuclear power into the country’s energy mix due to its impact on the company’s “investment thesis,” a top executive said.

Semirara Mining and Power Corp. (SMPC) on Thursday reported a net income of P3.8 billion in the first quarter, down 12 percent from P4.4 billion in the same period a year ago, mainly due to reduced power generation and lower coal shipments.