SN Aboitiz Power Group (SNAP), a joint venture between Norway firm Scatec and Aboitiz Power Corp., has secured financing from local banks for the expansion of its battery energy storage system (BESS) projects.

JAPAN — The UN nuclear watchdog chief visited Japan’s stricken Fukushima plant on Wednesday, the day after Tokyo approved an energy plan that marks a return to nuclear power to meet growing demand for AI.

To maintain the financial stability of Independent Power Producers (IPP), President Ferdinand R. Marcos Jr. issued Executive Order (EO) 83, which reduced and condoned IPP’s real property taxes (RPT) last year.

MANILA — The Department of Energy is hopeful that the La Niña phenomenon this year will deter the increase of power supply demand.

TACLOBAN CITY – The Department of Tourism regional office is thrilled with the eventual completion of the PHP127-million Higatangan Submarine Cable Project that will supply uninterrupted power to the picturesque island.

METRO PACIFIC INVESTMENTS Corp. (MPIC) sees double-digit profit growth for 2024, driven by its power business and other subsidiaries.

MANILA — President Ferdinand Marcos Jr. has ordered the reduction of real property taxes of independent power producers (IPP) who entered a build-operate-transfer (BOT) agreement with the government.

The government needs to spend at least P85 billion to provide electricity to all households in the entire Philippine archipelago, the Department of Energy (DOE) said Wednesday.

Japan’s largest natural gas utility Tokyo Gas Co. Ltd (Tokyo Gas) has completed its acquisition of a stake in Lopez-led First Gen Corp.’s (First Gen) liquefied natural gas (LNG) unit.

Gurīn Energy, a Singapore-headquartered renewable energy developer, owner and operator, announced the completion of its 75-megawatt (MW) solar plant in Zambales province, its first operational project in the Philippines.