The China-backed Asian Infrastructure Investment Bank (AIIB) is expected to provide a $200-million loan to co-finance with the World Bank a forthcoming $1-billion policy-based financing package that will support the Philippines’ energy transition, electricity market reforms, and water-sector improvements.
THE BOARD of Investments (BoI) has endorsed P6.32 trillion worth of projects to the “green lane” system of expedited permits as of the end of May, with investments mainly in renewable energy (RE) and food security.
The National Grid Corporation of the Philippines (NGCP) said on Saturday that all of the country’s power grids are stable.
The Bureau of Internal Revenue (BIR) has clarified that the Lifeline Subsidy and the Green Energy Auction Allowance (GEA-All) are not subject to value-added tax (VAT) and withholding tax, confirming their treatment as pass-through charges under existing rules.
The Philippines has no shortage of potential hydropower sites. But unlike the massive river systems traditionally associated with hydroelectric generation, many of the country’s untapped opportunities are smaller, lower-head, and shaped by highly variable water conditions.
A Philippine consortium led by renewable energy platform CS First Green has signed a strategic partnership agreement with Chinese firm TIANNENG to collaborate on a 100-megawatt (MW) solar-plus-storage project, marking another potential entry of large-scale battery storage technology into the country’s growing clean energy market.
MORE Electric and Power Corporation and MabuhayPower Holdings Inc. have started construction of a 6.6-megawatt solar farm in Barangay Cag-an, Anilao, Iloilo, marking the first phase of a larger renewable energy complex planned to reach over 36 MW, Panay News reports.
ASEAN’s push for a more interconnected regional power system is moving from planning to implementation, according to Energy Regulatory Commission (ERC) Chairperson and CEO Atty. Francis Saturnino C. Juan.
The Philippines is planning to establish its first state-owned strategic fuel stockpile, aiming to double the nation’s energy buffer to 60 days to insulate the economy from global supply shocks, the Department of Energy (DOE) said.
THE Visayas power grid on Thursday returned to a normal state after operating under a series of yellow and red alerts.