Offshore wind investors from Spain, the United Kingdom, as well as other European countries are already storming out of the door when it comes to their targeted investments in the Philippines’ offshore wind sector, a highly placed source has affirmed.

MANILA, Philippines — Ayala-led ACEN Corp. is divesting its remaining diesel assets as part of a bold strategy to fully transition to renewable power by year-end.

Meralco PowerGen Corp. (MGEN) said its subsidiary PacificLight Power Pte. Ltd. commissioned a 100-megawatt (MW) Fast Start Ancillary Services facility on Jurong Island, Singapore.

RENEWABLE energy company Raslag Corp. said on Wednesday that it had secured approval from the Securities and Exchange Commission (SEC) for the creation of two subsidiaries to manage its upcoming solar power projects.

Two weeks ago the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) declared the official rainy season for the country, normally June to November.

THE National Grid Corporation of the Philippines (NGCP) has presented to industry stakeholders its Transmission Development Plan (TDP) for 2025-2050.

Ayala-led ACEN Corp. is offloading its diesel plants to fully embrace renewable energy (RE) into the company.

FORTY PHILIPPINE companies have been included in Fortune’s 2025 Southeast Asia 500 list, led by San Miguel Corp. (9th), SM Investments Corp. (25th), Manila Electric Co. (35th), Ayala Corp. (47th), and JG Summit Holdings, Inc. (50th).

FORMER Energy Secretary Raphael P.M. Lotilla has urged greater scrutiny of private-sector players in the energy industry, saying they must be held accountable for both the sector’s progress and shortcomings.

SAN JOSE Green Energy Corp. (SJGEC) has secured a P498-million term loan facility from Rizal Commercial Banking Corp. (RCBC) to partly finance the development of its 19.6-megawatt direct current (MWdc) solar power project in Nueva Ecija.