Philippines

Solar Philippines unit gears up bid bonds for 10GW project 

This is in line with the requirements of potential off-takers.
6 days ago

Solar Philippines unit gears up bid bonds for 10GW project 

This is in line with the requirements of potential off-takers.
6 days ago

First Gen income slips to $78m in Q1 

The company linked this to a decline in its natural gas and geothermal platforms.
6 days ago

Higher crude oil prices drive PetroEnergy income up 48% in Q1 

The Philippine-based company’s consolidated income stood at P253m.

Philippines’ ACEN net income falls 68% YoY to $7.7m in Q1

This is due to the higher costs of purchased power in the spot market.

Philippine banks still fund coal projects: report

In effect, banks are enabling fossil fuels by underwriting or selling bonds.

What makes the Philippines the most ‘fundamentally attractive’ solar market in SEA?

Power generation cost in the Philippines is double compared to its neighbouring countries, Solar Philippines CEO claims.

Philippines’ ACEN to enter US renewable energy market

It has partnered with UPC Solar & Wind Investments and Pivot Power Management.

Philippines’ new roadmap targets 40GW offshore wind by 2050

This could make up 45 % of its electricity supply.

Philippines calls for EEC measures amidst looming fuel price hike

The department also raised the need to attain energy independence and security.

Philippine energy department, World Bank to launch offshore wind roadmap

The roadmap seeks to tap the country’s 178GW offshore wind potential.

Higher generation costs push Philippine April rates up

Meralco reported the overall rate for a household went up to P10.18 per kWh from P9.64.

ACEN signs $262.8m loan agreement for SLTEC

Proceeds of equity redemption will be reinvested into renewable energy projects.

Coal to dominate the Philippines’ power mix by 2031: Fitch

It is projected to account for 61% of the country’s power mix.

Philippines to speed up decarbonisation of power sector: Fitch

The country’s total solar capacity increased significantly in the past year.

SN Aboitiz Power to develop 20MW Magat battery project

It is expected to commence commercial operation by Q1 2024.

Arayat-Mexico solar farm to export power to the Luzon grid

This is in time for the demand surge during the Philippines’ summer season.

SMIC to acquire geothermal production firm

The Philippine Geothermal Production Company operates the Tiwi and Mak-Ban steam fields.