A magnitude 7.8 earthquake that struck southern Mindanao on Monday morning caused temporary power interruptions across several facilities operated by Aboitiz Power Corporation, though generation and distribution assets were largely stabilized within hours, according to company updates.
Real estate developer Eton Properties Philippines Inc. has completed its transition to 100-percent renewable geothermal energy across 14 of its residential, commercial and office developments in Metro Manila.
Citicore Energy REIT Corp. (CREIT), the real estate investment trust (REIT) of Citicore Renewable Energy Corp. (CREC), is targeting to expand its portfolio and expects its next asset infusion to be completed within this year.
First Gen Corporation has partnered with e-waste recycler HMR Envirocycle Philippines, Inc. to launch a group-wide electronic waste (e-waste) collection initiative aimed at improving corporate circularity practices and reducing improper disposal of end-of-life IT equipment.
ACEN Corp, the renewable energy arm of the Ayala Group, has secured approximately USD 78 million in financing to support the integration of a battery energy storage system (BESS) at its solar photovoltaic (PV) project in the Philippines.
RIZAL Commercial Banking Corp. (RCBC) said it approved a P4.5-billion Omnibus Loan and Security Agreement for a solar-plus-storage development in Iloilo by Singapore-based solar developer ib vogt.
The government is preparing a special green energy auction and fast-tracking 150 megawatts of new capacity to guarantee a consistent power supply for Mindanao amid surging regional demand.
THE Court of Appeals (CA) has affirmed the Energy Regulatory Commission’s (ERC) finding that the Philippine Electricity Market Corporation (PEMC) is a government-owned and controlled corporation (GOCC), thus, it is not entitled to certain components of its budgetary requirements for 2018 in the amount of P373.2 million.
The Department of Energy announced the completion and implementation of the Gas Policy Development Project Phase 3, marking a major step in strengthening the foundations of the country’s natural gas sector.
In recent years, economies around the world have faced energy supply disruptions, price volatility, geopolitical conflicts, climate-related challenges, and growing demand for electricity. The Philippines has not been immune to these challenges. Rising power demand, fluctuating fuel costs, transmission constraints, and the need to accelerate renewable energy development have placed increasing pressure on the country’s…