Southeast Asia’s latest energy price shock is pushing utilities back toward coal, but new analysis from Zero Carbon Analytics (ZCA) indicates the shift may raise costs and weaken long-term energy security compared with renewables.
MAHARLIKA Investment Corp. (MIC) said it is open to a proposal raised during a House hearing to tap the sovereign wealth fund for energy diversification as fuel supply risks rise.
MANILA ELECTRIC CO. (Meralco) is urging electric cooperatives in Batangas and General Santos (GenSan) City to conduct public bidding to determine their power distribution partners, as it seeks to advance proposals to upgrade facilities and address persistent electricity issues in these areas.
Global energy firm TotalEnergies and Abu Dhabi-based clean energy developer Masdar (Abu Dhabi Future Energy Company) have formed a USD 2.2-billion joint venture (JV) to consolidate and scale renewable energy assets across Asia, including existing and planned investments in the Philippines.
ENERGY-related investments, particularly in renewable power, account for the bulk of projects endorsed under the government’s Green Lane initiative, which has reached P6.43 trillion in total approved investments as of end-March.
Renewable energy continued to dominate the Philippines’ energy investment pipeline in the first two months of 2026, with the sector accounting for the bulk of approved projects under the Board of Investments (BOI), the Department of Energy (DOE) said.
The Department of Energy (DOE) has moved nine renewable energy (RE) project bids to the next phase of evaluation under the fifth round of its Open and Competitive Selection Process (OCSP5), narrowing down submissions for potential contract awards.
Energy Secretary Sharon Garin said the government has signed two new petroleum service contracts (PSCs) for oil, gas and hydrogen exploration to strengthen the country’s energy security against global market volatility.
Even if the war in the Middle East de-escalates, the Department of Energy (DOE) has been hit with a cold, hard truth for motorists: oil prices would remain elevated and may ease at a slower pace compared to their quick rise.
The Asian Development Bank (ADB) today announced that it has launched a multi-partner trust fund aimed at accelerating project preparation for cross-border energy infrastructure under the ASEAN Power Grid initiative.