Acciona Energia is looking at a portfolio of up to 1 gigawatt of renewable energy projects in the Philippines in the next five to six years with an estimated capital expenditure budget of $1 billion.
Citicore Renewable Energy Corp. (CREC) and Indonesia’s state-owned Pertamina New & Renewable Energy (Pertamina NRE) on Thursday announced they completed a landmark $120 million share subscription agreement.
Since being established in June 2001, under the Electric Power Industry Reform Act (EPIRA), the Philippine Energy Regulatory Commission’s (ERC) value to the Filipino people has been inestimable, guiding the nation’s electricity landscape toward competition, affordability, and sustainability, way before it was common practice.
As a quasi-judicial and independent regulatory body, the Energy Regulatory Commission (ERC) is mandated to issue and approve rules, guidelines and policies that govern power rates, service quality and licensing. But more than technical regulation, the commission is focused on educating the public about their rights as consumers and ensuring they are not at a…
The Energy Regulatory Commission (ERC) announced that average generation rates charged by distribution utilities (DUs) decreased in May amid stable prices in the electricity spot market.
VIVANT CORP. plans to invest around P46 billion to expand its renewable energy (RE) capacity portfolio by 2030, the company’s top official said.
Offshore wind investors from Spain, the United Kingdom, as well as other European countries are already storming out of the door when it comes to their targeted investments in the Philippines’ offshore wind sector, a highly placed source has affirmed.
MANILA, Philippines — Ayala-led ACEN Corp. is divesting its remaining diesel assets as part of a bold strategy to fully transition to renewable power by year-end.
Meralco PowerGen Corp. (MGEN) said its subsidiary PacificLight Power Pte. Ltd. commissioned a 100-megawatt (MW) Fast Start Ancillary Services facility on Jurong Island, Singapore.
RENEWABLE energy company Raslag Corp. said on Wednesday that it had secured approval from the Securities and Exchange Commission (SEC) for the creation of two subsidiaries to manage its upcoming solar power projects.