MANILA – The Department of Energy (DOE) has terminated and relinquished 163 renewable energy (RE) service contracts from 2024 to 2025 due to developers’ failure to meet their obligations.
MPOWER, the retail electricity supplier of Manila Electric Co. (Meralco), is set to provide the power supply requirements of a 38-storey office condominium in Makati City.
SOLAR PHILIPPINES Power Project Holdings, Inc. is facing P24 billion in fines for its failure to deliver nearly 12,000 megawatts (MW) of renewable energy (RE) over the last two years, according to the Department of Energy (DoE).
MANILA – Lower transmission charges led to a PHP0.1637 per kilowatt-hour (kWh) reduction in Manila Electric Company’s (Meralco) power rates for January 2026, the Pangilinan-led firm announced Monday.
THE MUFG Bank Ltd. Manila Branch (MUFG) announced of having completed its first sustainable trade asset finance transactions with San Miguel Global Power Holdings Corp. (SMGP) and SN Aboitiz Power Magat Inc. to support renewable energy projects under the government’s Green Energy Auction (GEA) program.
THE upstream oil and gas sector is starting the year on an optimistic note, with industry players set to begin their work programs after securing new petroleum service contracts from the government.
The Department of Energy expects to complete 10 gigawatts (10,000 megawatts) of solar power capacity this year to boost the country’s energy security while solidifying its renewable energy goals.
MANILA, Philippines — Energy Development Corp. (EDC) of the Lopez family is ramping up its geothermal push with plans to invest up to P100.88 billion to expand its capacity in Leyte.
MANILA – The Philippine Competition Commission (PCC) has greenlit the sale of three power plants owned by the Power Sector Assets and Liabilities Management (PSALM) Corporation.
MERALCO PowerGen Corp. (MGEN), the power generation arm of Panglinan-led Meralco, on Sunday clarified that SP New Energy Corp. (SPNEC) is a separate and distinct corporate entity from Solar Para Sa Bayan Corp. (SPBC).