The Department of Energy (DOE) will be locking horns with system operator National Grid Corporation of the Philippines (NGCP) to resolve the “mismatch” in the country’s transmission development game plan, to ensure that the grid actually delivers where the capacities are needed.

LISTED renewable energy company Citicore Renewable Energy Corp. (CREC) expects to achieve financial close by June on its share subscription agreement with Indonesian state-owned PT Pertamina Power Indonesia (Pertamina New & Renewable Energy or NRE), under which the latter will acquire a 20% stake in CREC.

Newly elected Albay 3rd District Rep. Raymond Adrian Salceda vowed to push for the modernization of the Albay Electric Cooperative (Aleco), a persistent problem that has hindered the progress of Albay despite its vast renewable energy potential.

The National Grid Corp. of the Philippines has renewed its call for local government units to ensure the timely approval of transmission project permits.

Lopez-led First Gen Corp. is planning to order three more liquefied natural gas cargoes for its natural gas power plants in the remaining months of the year, an executive said over the weekend.

Raslag Corp. has signed a shareholders and asset purchase agreement with Singaporean firm Verdant Philippines Alpha Pte. Ltd. to jointly acquire PHESI Holdings Corp., which has a controlling interest in the project company developing wind and battery energy storage systems in Puerto Galera.

Yuchengco-led PetroEnergy Resources Corp. (PERC) on Friday said expansion and acquisition cut its first quarter earnings to P280.8 million from P321.7 million in the same period last year.

MANILA, Philippines — Amid the country’s bold shift toward clean energy, insurance companies have sharply raised premium rates for coal-fired power plants, according to the Department of Energy (DOE).

MANILA, Philippines — Energy storage is stepping into the spotlight of the country’s green transition, with more companies making bold investments to unlock its game-changing potential.

LISTED renewable energy developer Citicore Renewable Energy Corp. (CREC) booked an attributable net income of P137.89 million for the first quarter (Q1), up 15.4% from the previous year, driven by higher electricity sales.