Philippines
Philippine consortium to invest $18m in microgrids in Palawan
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.
Philippine-based PXP Energy narrows loss in Q2
The company’s core net loss amounted to P645,000, down from P16.6m in the previous year.
ACEN green lights final tranche of energy transition financing
The company will divest its shares in SLTEC for P3.7b.
Philippines’ Meralco core income climbs 15% in first half
The company recorded a net income of P12.1b during the period.
Philippines is 3rd largest geothermal market globally: Fitch
Its installed capacity is estimated at 1,928MW in 2021.
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