MANILA, Philippines — Ayala-led ACEN Corp. is seeing bright prospects with the commercial launch of its massive solar farm in Cagayan, further strengthening its foothold in Luzon.

Engineering fabricator Atlantic, Gulf & Pacific Company of Manila Inc. (AG&P) expressed interest in providing crucial support services for the Philippines’ burgeoning offshore wind (OSW) sector.

The Department of Energy (DOE) is set to release the winning bidders of the third Green Energy Auction Round (GEA-3) next week, pending the Energy Secretary’s signature, a DOE official said.

SEMICONDUCTOR manufacturer Allegro Microsystems Philippines, Inc. has renewed its power supply agreement with MPower, the retail electricity supply unit of Manila Electric Co. (Meralco), to support its shift to 100% renewable energy.

System-wide average prices at the Wholesale Electricity Spot Market (WESM) declined by P0.51 per kilowatt-hour, or 11.2 percent, in May 2025 on higher supply margins despite increased demand.

The Department of Energy (DOE) has called on generation companies (GenCos) to ensure their facilities can provide backup power when necessary.

Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is making moves in the distribution utility (DU) and its generation business through an ongoing partnership with South Korea.

BUHAWIND Energy Northern Luzon Corp. (BENLC) said it has secured an environmental compliance certificate (ECC) for the pre-development phase of its 2,000-megawatt (MW) offshore wind power project in Ilocos Norte.

THE Securities and Exchange Commission (SEC) has approved the planned P45.8-billion initial public offering (IPO) of Pangilinan-led water provider Maynilad Water Services, Inc., which is set to list on the Philippine Stock Exchange (PSE) by July 17.

LOPEZ-LED First Gen Corp. is focusing more on expanding its renewable portfolio after selling a controlling stake in its natural gas assets to Razon-led Prime Infrastructure Capital, Inc. (Prime Infra), its chairman said.