Billionaires make huge bets on natural gas

MANILA — Gasoline and diesel prices will rise while kerosene will go down in the first week of June, based on the results of the trading days this week.

Malayan Colleges Laguna (Mapúa MCL) has partnered with ACEN Renewable Energy Solutions (ACEN RES) to transition its entire campus in Cabuyao, Laguna into 100 percent renewable energy.

First Gen Corp. said it is moving toward a “strategic transformation” by shifting its focus from natural gas to renewable energy, its top executive said.

Manila Electric Co. (Meralco) announced over the weekend it is investing heavily to upgrade its distribution network to enable the seamless integration of renewable energy for a smarter, safer power grid.

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.

LOPEZ-LED holding company First Philippine Holdings Corp. (FPH) has allocated a P57-billion capital expenditure (capex) budget for 2025 to drive the expansion of its renewable energy and real estate segments.

RAZON-LED Prime Infrastructure Capital, Inc. (Prime Infra) is acquiring a 60% equity stake in Lopez-led First Gen Corp.’s gas business for P50 billion, a development that analysts said is likely to spur competition among gas players and encourage additional investments in the energy sector.

FEWER Filipino households are using renewable energy sources, at least proportionally, compared to over a decade ago, the latest data from the Philippine Statistics Authority (PSA) showed.

MSPECTRUM, Inc., a wholly owned solar subsidiary of Manila Electric Co. (Meralco), has energized DHL Supply Chain’s training center in Sta. Rosa, Laguna with a 120-kilowatt-peak solar rooftop system.