MANILA, Philippines — The Department of Energy (DOE) has cleared 179 power projects for system impact study (SIS) with the National Grid Corp. of the Philippines (NGCP) as of end-November.

NKS Solar One, a joint venture between Blueleaf Energy Philippines and NKS Energy Utilities, is looking at capital expenditure of $100 million for the construction and completion of the first phase of its 250-megawatt peak floating solar project in Caliraya and Lumot Lakes in Laguna.

Spearheading the charge towards sustainability and climate change action, Makati City, under the leadership of Mayor Abby Binay, has passed a revolutionary ordinance giving tax exemptions and other benefits to businesses and homeowners who have installed solar energy systems in their properties.

BACOLOD CITY – The city government officially launched its solar power system on Wednesday, Dec. 18.

EEI Corporation, an affiliate of the Yuchengco Group, is raising P6 billion from the issuance of preferred shares to fund its real estate and power businesses.

Tokyo, Japan—Japan wants renewables to be its top power source by 2040 in a push to reduce dependence on coal and gas and become carbon neutral by mid-century, government plans showed Tuesday.

ACEN CORP. targets to operationalize power projects with a combined capacity of approximately 1.2 gigawatts (GW) by the end of next year, according to the company’s president.

FIRST GEN Corp. is diversifying its energy portfolio to meet the Philippines’ power demand, with a strong focus on renewable energy sources like geothermal and solar.

THE Manila Electric Co. (Meralco) may earmark as much as P70 billion to improve its distribution network and roll out smart meters, among others, over the next five years.

After divesting its stake in Petron Corporation in 2008, trillion-dollar energy giant Saudi Aramco is reportedly plotting a re-entry into the Philippine energy sector.