Category Archives: News
CREC sets over $1-billion capex for solar projects
CITICORE Renewable Energy Corp. (CREC) has allocated a capital expenditure (capex) budget of more than...
CREIT plans fundraising in 2026 to finance new property acquisitions
CITICORE ENERGY REIT Corp. (CREIT), the country’s first renewable energy real estate investment trust (REIT),...
Geothermal investments gaining steam – ADB
MANILA, Philippines — The Asian Development Bank (ADB) expects the government’s geothermal de-risking facility to...
22 generating firms told to explain below-capacity output
THE Energy Regulatory Commission (ERC) has asked 22 generation companies (GenCos) to explain the “continued...
Basic Energy advances Bolinao solar power plans
LISTED Basic Energy Corp. is set to begin processing the necessary permits for its proposed...
EDC eyes to spend up to P30B to drill 40 geothermal wells through 2026
GEOTHERMAL POWER PRODUCER Energy Development Corp. (EDC) plans to invest up to P30 billion to...
WESM operator seeks ERC nod for additional P1-b fees
The Independent Electricity Market Operator of the Philippines, Inc. (IEMOP), operator of the Wholesale Electricity...
Negros Power completes infra projects
Negros Electric and Power Corp. (Negros Power), the joint venture between Razon-owned Primelectric Holdings Inc....
$250-m facility sparks interest in geothermal sector
The Philippines’ proposed $250-million Geothermal De-risking Facility, a partnership with the Asian Development Bank (ADB)...
Vantage Energy, Bounty Plus renew power supply deal
Vantage Energy, the retail electricity supply affiliate of Manuel Pangilinan-led Manila Electric Company (Meralco), renewed...