Philippines
PH logs $23.2b renewable energy investments from January to September
This accounted for 95% of total investments.
PH logs $23.2b renewable energy investments from January to September
This accounted for 95% of total investments.
Alternergy's 500 MW push gains momentum
It says three new projects are in full swing.
UK’s Actis to invest $600m in PH’s Terra Solar project
The investment firm will take a controlling interest of 40%.
Meralco increases stake in SP New Energy for $133.32m
This involves 5.8 billion shares.
PH launches first BARMM conventional energy bidding
Applications were also received for the 2024 Philippine Bid Round.
Meralco to sustain strong financial performance amidst heavy investments
The company is projected to maintain a ratio of FFO to debt of up to 45% over the next two years.
Vena Energy, MGreen to build 550-MW Bugallon Solar Power Project
Commercial operations will commence by 2025.
Meralco eyes increasing stake in SP New Energy
The possible transaction will still go through a review.
AboitizPower’s earnings down 4% to $302.48m in H1
Depreciation of its coal plant assets impacted income negatively.
ACEN taps Singaporean firms to advance retirement of coal-fired plant in PH
Transition credits will be used to decommission the Ayala firm’s Batangas coal plant.
Citicore’s profit slips 21% to $4.73m in H1
Meanwhile, revenue was up 13% thanks to higher electricity sales.
PH endorses $5.8b offshore wind projects for green lane status
Operations will start in six years.
First Gen’s earnings down 10% to $150m in H1
Blame it on its geothermal business.
ACEN sets eyes on quadrupling renewables for cleaner energy by 2030
It is also seeing growth opportunities in other sectors such as energy storage.
PH grants ‘green lane’ status to Acciona Energia for 150 MW solar project
This is being developed in Cebu.
ACEN’s net income jumps 49% to $107.1m in H1 2024
Improved selling in the wholesale electricity market boosted gains.
Citicore’s net income up 9% to $15.47m in 2023
Thanks to higher revenues driven by the sale of electricity.
Thought Leadership Centre
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1. Philippines announces 4,475 MW renewable energy auction in GEA-3 2. Asia-Pacific region told to harness offshore wind 3. Terra Solar taps Energy China for 3.5 GW plant's EPC 4. Can Central Asia and the Caucasus become world’s next green energy hub? 5. Germany invests $1.26b in Indonesia's power sectorResource Center
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PETRONAS leads the way with cutting-edge drone inspection techniques
![PETRONAS leads the way with cutting-edge drone inspection techniques]()
Co-Written / Partner
The company takes a step towards transformation in asset and safety inspections with the use of modern technology.
The company takes a step towards transformation in asset and safety inspections with the use of modern technology.
Commentary
Offshore wind power needs Singapore’s expertise as Asia’s reliance on fossil fuels rises