ACEN CORP. secured a long-term government-backed revenue support agreement for its large-scale solar and battery storage project in Australia after winning a competitive renewable energy (RE) tender, strengthening the Ayala-led company’s expansion in one of its biggest overseas markets.
JAPANESE-OWNED NKC Manufacturing Philippines Corp. has tapped First Gen Corp. to install and manage a rooftop solar facility at its Cebu production site, as manufacturers in export zones accelerate shifts toward renewable energy to manage power costs and supply stability.
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The Department of Energy (DOE) is drawing up a list of underperforming and offline power plants following a spate of grid alerts that hit Luzon and Visayas in May.
CEBU CITY—The Department of Energy (DOE) is ramping up efforts to augment power supply in the Visayas as the region continues to grapple with recurring yellow and red alerts caused by the prolonged outage of several major power plants.
Motorists will get a reprieve this week, as fuel retailers are set to implement a big-time pump price rollback after five straight weeks of increases for gasoline, and two for diesel.
The Visayas power supply will take two to three years to stabilize because of a shortage of mid-merit and baseload capacity that has caused a string of red and yellow alerts, energy officials said on Monday.
THAI renewable energy (RE) company Sermsang Power Corp. Public Co. Ltd. is studying further expansion in the Philippines as it seeks to boost its Southeast Asian portfolio, according to the International Finance Corp. (IFC).
Industry leaders say battery energy storage systems are becoming indispensable to the country’s clean energy transition, helping stabilize the grid and support higher levels of solar and wind power as the Philippines works toward a 50% renewable energy share by 2040.
POWER DISTRIBUTOR Manila Electric Co. (Meralco) said it is open to working with regulators and stakeholders on measures that could help ease electricity costs, following rising public concern over higher bills.