Prime Infra hosted executives from Japan’s Kansai Electric Power Co., Inc. (KANSAI) at the 600-megawatt (MW) Wawa Pumped Storage Hydroelectric Power Project in Rizal, marking the Japanese utility’s first project visit following its acquisition of a stake in the project’s parent company.
The Institute for Climate and Sustainable Cities (ICSC) urged the government to conduct a rigorous, evidence-based assessment before committing the Philippines to specific nuclear energy capacity targets.
FCC Philippines, the local unit of Japan’s FCC CO., LTD., has signed a 15-year solar power purchase agreement (PPA) with Peak Energy, a Singapore-based clean energy developer and Independent Power Producer (IPP), to supply renewable electricity to its manufacturing facility in Laguna.
Manila Electric Co. (Meralco) reported a 3.8-percent increase in first-half consolidated core net income to P26.5 billion from P25.5 billion a year ago even as company chairman Manuel Pangilinan warned that removing system loss charges without a clear funding mechanism could trigger financial losses across the power sector.
The Department of Energy (DOE) has set an indicative timetable to resume the country’s fifth Green Energy Auction (GEA-5) for offshore wind, with the auction proper tentatively scheduled for Dec. 1, 2026, following a months-long recalibration of the program.
Aboitiz Power Corp. (AboitizPower) said its first-half net income rose 45% to PHP 18.4 billion, driven by stronger electricity prices, higher contracted generation, and additional output from newly acquired and newly commissioned power assets despite lower coal plant availability.
Bataan and two other areas are being eyed for the country’s prospective nuclear power plant, the Department of Energy (DOE) said on Wednesday just days after President Ferdinand “Bongbong” Marcos Jr. said it was time to “revisit” nuclear energy as a power source.
PetroGreen Energy Corp. and ACEN Corp. are advancing plans to unlock additional geothermal resources after their joint venture, Maibarara Geothermal, Inc. (MGI), awarded a drilling contract for an exploration campaign that could support the development of a new geothermal power facility in Batangas and Laguna.
The Philippines’ push for energy independence will require faster development of renewable energy sources, with wind power expected to become a key part of the country’s future energy mix, the Global Wind Energy Council (GWEC) said.
MANILA Electric Co. (Meralco) posted a 3.8% increase in its consolidated core net income (CCNI) for the first half, driven by stronger contributions from its power generation and retail electricity supply businesses.