ACEN CORP., the listed energy platform of the Ayala group, is progressing toward its target of 20 gigawatts (GW) of renewable energy (RE) capacity by 2030, with ongoing developments across its domestic and international projects.

MANILA, Philippines — Building on its robust performance last year, Ayala-led ACEN Corp. is forging ahead with the rollout of more green energy projects across global markets.

Power retailer Manila Electric Co. (Meralco) expects a 4.6-percent sales volume growth this year despite the lower demand in the first half, a top executive said.

SP New Energy Corp. (SPNEC) plans to build another large solar farm in Batangas province to be called Terra Solar 2, a top executive said.

The Energy Regulatory Commission (ERC) has approved power supply agreements (PSAs) between San Miguel Global Power Holdings Corp.’s (SMGP) newly acquired coal power plant and two electric cooperatives (ECs).

The Energy Regulatory Commission (ERC) approved two point-to- point limited transmission facilities for solar projects, with a combined capacity of 316 megawatt-peak (MWp).

The board of Meralco PowerGen Corp. (MGEN) approved the selection of advisers for the planned backdoor listing of its renewable energy subsidiary MGEN Renewable Energy Inc. (MGreen) on the Philippine Stock Exchange.

MANILA (UPDATE 3) — The Energy Regulatory Commission has ordered Meralco to refund P19.9 billion covering overrecoveries from July 2022 to December 2024.

National Power Corp. (NPC) asked interested bidders to participate in the supply and delivery of renewable energy for the hybridization of its Small Power Utilities Group in four areas with a combined approved budget of P3.42 billion.

SAAVEDRA-LED Citicore Renewable Energy Corp. (CREC), through its solar subsidiary, is seeking the approval of the Energy Regulatory Commission (ERC) to develop a connection facility linking its 50-megawatt (MW) solar power project in Tuy, Batangas.