Philippines
First Gen’s net income down 8% YoY to $194m in first 9 months
First Gen’s net income down 8% YoY to $194m in first 9 months
The result was due to lower earnings in natural gas.
PetroGreen, Copenhagen Energy to form SPVs for 4GW offshore wind in the Philippines
They were awarded offshore wind service contracts in 2021.
ACEN net income climbs by 23% in Q3
Its net income stood at P1.9b.
ACEN divests 246MW Philippine coal plant
This is the first-ever transaction completed through the Energy Transition Mechanism.
Philippines’ Meralco posts 20% net income growth in first nine months
Its reported net income stood at P19.8b (US$341m).
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.
Thought Leadership Centre
Most Read
1. Global power grid investment reaches US$359b in 2024: report 2. PLN expands gas, LNG network to support rising renewables 3. Companies told to drop manual systems as 2030 renewable deadline nears 4. Clean energy outpaced fossil fuel investments in 2024, IRENA says 5. India’s installed power capacity hits 5.05 Lakh MWResource Center
Read Here
Advertise
Sign Up
Event News
The Shuaiba and Al Jubail initiatives set new benchmarks in water sector by record low energy consumption, and emissions reduction by using renewable energy to power large-scale desalination.
Commentary
How pump retrofits boost profitability and efficiency in ageing power plants