SP NEW ENERGY CORP. (SPNEC) said it has applied for regulatory approval to change its corporate name to MGEN Renewable Energy Holdings, Inc., as part of a broader rebranding initiative within its parent group.

MANILA — January is expected to close with another wave of oil price hike, the Department of Energy (DOE) said Friday.

MANILA – Measures are being undertaken to ensure transmission lines nationwide can accommodate the growing share of renewable energy (RE), an official of the National Transmission Corp. (TransCo) said Wednesday.

MANILA, Philippines — Saavedra-led Citicore Renewable Energy Corp. (CREC) and Singapore’s Levanta Renewables are pushing ahead with nearly 200 megawatts (MW) worth of wind projects in Luzon and Visayas.

A Philippine climate and energy policy group called on the Energy Regulatory Commission (ERC) to impose stiffer penalties for power plants that exceed allowable outage limits to enforce better operational discipline among electricity generators.

RASLAG CORP. is allocating up to P3 billion in capital expenditures (capex) this year, mainly for the development of its 140-megawatt (MW) solar and 100-megawatt-hour battery energy storage project in Liwayway, Nueva Ecija.

THE National Grid Corp. of the Philippines (NGCP) said it obtained approval from the Energy Regulatory Commission (ERC) to build a P11.86-billion interconnection facility to meet growing power demand on Siargao Island.

MANILA – Officials from the Association of Southeast Asian Nations (ASEAN) and the Manila-based Asian Development Bank (ADB) have agreed to identify priority areas under the ASEAN Plan of Action for Energy Cooperation (APAEC).

ACEN Corp. is ramping up renewables spending this year to over P80 billion to complete more than 5 gigawatts (GW) of renewable energy (RE) projects.

The Philippines has approved P2 billion in new solar energy investments as the government accelerates its transition toward a cleaner power mix, the Board of Investments said Tuesday.