Yuchengco-led PetroEnergy Resources Corp. (PERC) on Friday said expansion and acquisition cut its first quarter earnings to P280.8 million from P321.7 million in the same period last year.

MANILA, Philippines — Amid the country’s bold shift toward clean energy, insurance companies have sharply raised premium rates for coal-fired power plants, according to the Department of Energy (DOE).

MANILA, Philippines — Energy storage is stepping into the spotlight of the country’s green transition, with more companies making bold investments to unlock its game-changing potential.

LISTED renewable energy developer Citicore Renewable Energy Corp. (CREC) booked an attributable net income of P137.89 million for the first quarter (Q1), up 15.4% from the previous year, driven by higher electricity sales.

The Philippines and South Korea have signed a memorandum of understanding (MOU) to strengthen cooperation on trade, energy, and industrial development, with a particular focus on the value-added processing of critical minerals used in battery production.

MANILA – The country’s energy sector has grown into a PHP3.3-trillion industry, up from PHP630 billion in 2022, according to the Department of Energy (DOE).

Energy Secretary Raphael Lotilla on Thursday urged insurance companies to continue providing coverage to coal-fired power plants at reasonable rates amid the ongoing energy transition.

MANILA – Drilling operations under Phase 4 of the Malampaya gas-to-power project are set to begin soon as the drillship is scheduled to arrive at its site off northwest Palawan by second half of June 2025.

MSpectrum, Inc., a wholly owned solar subsidiary of Manila Electric Co. (Meralco), has expanded its partnership with Southeast Asia Retail Inc. —the company behind Landers Superstore—through two new solar rooftop projects.

THE Energy Regulatory Commission (ERC) identified on Wednesday the power generation companies (GenCos) that failed to submit complete fuel purchase documents.