MANILA – The Department of Energy (DOE) is optimistic the Philippines will hit its target to increase to 50 percent the share of clean energy in the power generation mix by 2040.

ABOITIZ POWER Corp. (AboitizPower), through its subsidiary Therma Marine, Inc. (TMI), has broken ground on a 48-megawatt (MW) hybrid energy storage system that will be integrated into its oil-fired power facility in Nasipit, Agusan del Norte.

ALTERNERGY Holdings Corp. has drawn P3.256 billion from its P5.3-billion project loan facility with Rizal Commercial Banking Corp. (RCBC) to partially fund the development of its 64-megawatt (MW) Alabat Wind Power Project in Quezon province, the energy company said on Monday.

MANILA, Philippines — Pangilinan-led Manila Electric Co. (Meralco) expects its energy sales to heat up in the second quarter, fueled by midterm election activity and a positive economic outlook.

PETROENERGY RESOURCES CORP. (PERC) reported a nearly threefold increase in its attributable net income for 2024, rising to P471.82 million from P156.88 million in the previous year.

MANILA — Renewable energy (RE) pioneer Alternergy Holdings Corp. said on Monday it has received PHP3.3 billion from Rizal Commercial Banking Corp. (RCBC) to fund the Alabat Wind Project through its unit, Alabat Wind Power Corp.

We are pleased to inform you that on its 15th year, the law office of Lachica & Associates will henceforth be Lachica Madanlo or LM Law.

LOPEZ-LED First Gen Corp. is advancing towards its goal of expanding its portfolio to 13 gigawatts (GW) by 2030 as it is working to roll out renewable energy projects this year.

Vietnamese renewable energy developer CN Green Roof Asia (CNGRA) has started construction of a 22.785-megawatt-peak (MWp) solar power project in Hermosa, Bataan.

Two fossil fuel power plants in Cebu, operated by a subsidiary of Aboitiz Power Corp., have been disconnected from the power grid, the company announced on Wednesday.