Philippines

ACEN's successful ETM deal marks a new era for coal divestment

The ETM transaction will enable the early retirement of the South Luzon Thermal Energy Corp. Power Plant. 

ACEN to start construction of 60MW solar project 

It is expected to be completed by 2024. 

ACEN to add 300 MW solar capacity in Palauig project

This is in support of the Philippines target to generate 35% of its power from renewable energy.

Grid network expansion may boost Philippines’ renewables: report

This is seen to open more opportunities for power project development.

Solar, Wind to lead renewables growth in the Philippines

The non-hydropower renewables are expected to grow by 6.8GW. 

Solar Philippines unit secures over 2000-hectare landbank

This is in pursuit of its goal to be the ‘world’s largest solar farm.’

First Gen’s net income down 8% YoY to $194m in first 9 months

The result was due to lower earnings in natural gas.

ACEN divests 246MW Philippine coal plant

This is the first-ever transaction completed through the Energy Transition Mechanism. 

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.