Philippines
Philippines’ ACEN net income falls 68% YoY to $7.7m in Q1
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.
ACEN, CleanTech form JV for 133MW solar farm in the Philippines
The project is expected to be operational by early 2023.
First Gen’s earnings flatten in 2021
The company earned US$252m in recurring net income during the year.
Solar Philippines unit accelerates timetable for 4GW development
It will be funded by proceeds from the planned SRO in June 2022.
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