Philippines

Fossil fuel lock-in worsens electricity prices for Southeast Asia

Power sector planners assumed that locking in coal would lead to a least-cost system.

Fossil fuel lock-in worsens electricity prices for Southeast Asia

Power sector planners assumed that locking in coal would lead to a least-cost system.

ADB inks $200m loan to improve Nepal's power supply

It will fund the reinforcement of Kathmandu Valley’s supply system.

Renewables transition in Philippines urged for cheaper electricity

Its reliance on imported thermal coal has caused price surges for consumers.

Energy transition takes off in the Philippines

Congress has approved a resolution against permitting new coal plants.

Philippine central bank rolls out framework for renewables transition

Banks are expected to provide transition plans in the next six months.

Philippines' Meralco cuts capex to half

This is caused by lower power demand due to the pandemic.

Philippines' AC Energy to fully divest coal assets by 2030

It plans to expand its renewables capacity to 5GW by 2025.

Triconti grabs contract for offshore wind in the Philippines

The Aparri Bay and Guimaras Strait projects could produce over 1.2GW.

Philippines mulls adding nuclear energy to power mix

It previously inked a deal with Russia’s Rosatom for a pre-feasibility study.

Southeast Asian power companies are seizing renewable opportunities

The rapid drop in the cost of renewable energy is reshaping the world’s energy systems. Part and parcel of this shift, a new landscape is emerging among finance and power companies. Southeast Asian conglomerates such as Ayala are at the forefront.

Philippine regulators tested by woes over State Grid Corp's stake in grid utility

The grid utility rejected inspections since 2017 even as operations are to be controlled by the Philippine government.

AC Energy Philippines buys four local solar firms

The firms operate two solar farms with 80MW and 45MW capacity.

Asia Pacific leads global electricity procurement market in Q3

Manila Electric was the largest issuer in the region with 2.9GW procured from three tenders.

Aboitiz Power's nearing 4GW net capacity to buoy earnings

It may also benefit from a tightening power supply-demand dynamics in 2022.

Yoma Strategic and AC Energy to co-develop 200MW of renewables in Myanmar

The two made a joint investment of $30m in line with the development.

Renewables may cut Philippines' electricity rates 30%

Electricity bills in the country are amongst the highest in SEA at $0.20 per kWh.