Philippines
Why Philippines’ EDC will not fire up coal
The devastating effects of climate change led the company to develop REs only.
Why Philippines’ EDC will not fire up coal
The devastating effects of climate change led the company to develop REs only.
Delays of LNG terminals in the Philippines reflect supply and cost uncertainties
LNG imports won’t alleviate high power prices in the Philippines.
ACEN issues P10b green bonds
The maiden peso-dominated green bonds were 8.6 times oversubscribed.
Philippines’ ACEN to offer P10b green bonds
This will fund three major solar farms with a combined capacity of about 460MW.
Philippine consortium to invest $18m in microgrids in Palawan
These can provide power to more than 30,000 people.
Ahunan Power to acquire pumped storage hydropower developer
The project is in the pre-development stage.
First Gen unveils LNG storage unit ‘BW Batangas’ in the Philippines
It will provide for the company’s gas-fired power plants.
Philippines’ SPNEC to ‘catalyse’ 10GW project via stock rights offering
The SRO has proceeds worth P2.8b.
New 72MW solar farm in the Philippines starts operation
The project was developed by ACEN and Citicore.
SPNEC to complete share swap with Solar Philippines by end-2022
The company wants to complete the private placements to increase public float.
Philippines’ First Gen net income drops 13% in H1
This is despite a 21% growth in revenue.
Philippines' SPNEC reintroduces itself as SP New Energy Corporation
This changed from SP Nueva Ecija Corporation.
ACEN aims to reach 20GW of renewables capacity by 2030
This is six times higher than the current 3.4GW renewables capacity.
Philippines’ ACEN net income climbs 25% in Q2
Its net income stood at P1.8b during the quarter.
Philippines’ AboitizPower to explore 3,000MW offshore wind power
The country only has a capacity of 443MW onshore win, as of 2020.
Philippines’ SMC Global Power lists P40b bonds
This will allow the company to provide reliable power supply.
SMIC’s Philippine Geothermal Production Company acquisition gets green light
The consideration paid for the acquisition was around $284.8m.
Commentary
Offshore wind power needs Singapore’s expertise as Asia’s reliance on fossil fuels rises