First Gen Corporation
First Gen is a leading independent power producer in the Philippines that primarily utilizes clean and indigenous fuels such as natural gas, geothermal energy from steam, hydro-electric, wind, and solar power. The Company has 3,495MW of installed capacity in its portfolio, which accounts for 19% of the country’s gross generation.
See below for the Latest First Gen News, Analysis, Profit Results, Share Price Information, and Commentary.
Prime Infra closes $850m acquisition in First Gen’s gas business
Prime Infra closes $850m acquisition in First Gen’s gas business
The projects affected include an interim offshore LNG terminal.
First Gen’s recurring net income up 3% in 9M
Hydro earnings rose on higher output, whilst FGEN LNG stayed profitable.
First Gen acquires renewables platform for $18.1m
The transaction involves a full takeover of the platform.
First Gen’s recurring earnings down 4% in Q1
Blame it on lower revenues during the period.
First Gen’s recurring net income down 12% in 2024
Blame it on lower revenues coupled with higher expenses.
First Gen unit granted permit to operate offshore LNG terminal in PH
This is valid for 25 years.
First Gen eyes lower 2025 capex
Majority may be used for EDC’s activities.
First Gen's hydro unit bags $119.13m loan
Three major banks provided the financing.
First Gen’s earnings down 17% in 9M
Revenue was also down two percent.
First Gen’s earnings down 10% to $150m in H1
Blame it on its geothermal business.
EDC eyes completion of six RE projects in 2024
These include geothermal plants and battery storage systems.
First Gen awards LNG cargo contract to Tokyo Gas unit
This is the company’s fifth LNG cargo.
First Gen needs $9b to boost RE capacity
The company has to increase its capacity by almost four times to reach 13 GW by 2030.
First Gen sets $1.27b capex for 2024
The funding focus will be hydropower and other renewable energy projects.
Tokyo Gas to acquire 20% stake in First Gen LNG
They are developing the Interim Offshore Terminal Project in the Philippines.
SEC greenlights EDC’s $172.8b green bond offering
This is the second tranche of the EDC Fixed Rate ASEAN Green Bonds.
First Gen’s Q1 income drops 9% YoY to $81m
Only the company’s hydro platform saw revenue growth.
Thought Leadership Centre
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