Philippines

The MoU provides for the establishment of an institutional framework to facilitate investments.

The 8 wind projects make up a total of 136MW. 

This is in partnership with BrightNight.

Its net income stood at P27.5b (US$497.7b).

This is up from US$94.9m in 2021.

Its energy sales were boosted by the recovery of business and public confidence.

EPI will be providing solar power capacity to AboitizPower’s retail electricity companies.

The consortium includes Kawasaki Heavy Industries, IKS, and Amber Kinetics. 

The country seeks to increase gas-fired generation capacity to 24.3 GW under the reference scenario.

The country has been sourcing gas from the local Malampaya gas field.

The two companies will be assessing the feasibility of ammonia co-fired power generation. 

This will enable its share swap agreement with Solar Philippines Power Project Holdings, Inc. (SP). 

But amendments to energy laws are needed, DOST-PNRI Director Carlo Arcilla said.

The proceeds will fund rooftop solar development. 

The ETM transaction will enable the early retirement of the South Luzon Thermal Energy Corp. Power Plant. 

It is expected to be completed by 2024.