The Department of Energy (DOE) said the government needs about P70 billion to achieve 100-percent nationwide electrification by 2028.

MANILA – Five renewable energy (RE) projects nationwide of publicly-listed firm Alternergy Holdings Corporation (Alternergy) were accepted under the Department of Energy’s (DOE) fourth green energy auction (GEA).

A Philippines energy think tank called for stable power supply to help the country’s tourist destinations thrive, citing the devastating economic impact of recent blackouts in major tourism hotspots.

Several companies, including a unit of San Miguel Corp., secured the majority of bids in the Philippines’ Fourth Green Energy Auction (GEA-4), which drew interest for 88 percent of its targeted renewable energy capacity.

The Department of Energy is considering lifting its moratorium on new coal-fired power plants for industries that want to use the fossil fuel for their own consumption.

Residents of Siquijor Island are hopeful for a new chapter of stable electricity as a new power supplier prepares to take over to end months of disruptive outages that have crippled the island’s economy.

Synergy Grid & Development Phils. Inc. announced Thursday that its board approved a second-quarter cash dividend of P1.829 billion from the company’s retained earnings.

THE PHILIPPINES will need a budget of up to P70 billion to achieve full electrification by 2028, but next year’s budget would cover only a small portion of the requirement.

MANILA ELECTRIC CO. (Meralco) is seeking Energy Regulatory Commission (ERC) approval for a 20-year renewable energy (RE) supply deal with First Quezon Biogas Corp. (FQBC), which is expected to generate P15.2 million in consumer savings.

MANILA, Philippines — The government has missed the mark in its fourth green energy auction (GEA-4), with subscriptions underperforming against the installation target of 10,653 megawatts (MW).