Philippines

Philippines' Luzon grid on red alert after major quake

Philippines' Luzon grid on red alert after major quake

Some areas in Luzon may experience rotational power cuts following a reserve shortage.

Philippines, Thailand, and Vietnam accounted for the largest wind power capacity in ASEAN

Their cumulative capacities were 427MW, 648MW, and 197MW, respectively as at end-2017.

Asian Development Bank invests in Asian renewables developers' maiden green bonds

It has injected a total of $175m into AC Energy and B.Grimm Power to fund plant developments.

Boracay Island's closure drove 25% sales volume growth for DMCI Power Corp

Higher tourist arrivals in Palawan and Oriental Mindoro generated more economic activities.

Philippine utilities boost gas and renewables' share in energy mix

But regulatory risks and implementation pose a threat to investment potential spurred by population and economic growth.

Philippine competition watchdog rules out threat of Aboitiz Power's AA Thermal acquisition

Aboitiz Power bought a 49% voting stake and 60% economic stake in Ayala Corporation’s thermal assets.

Solar Philippines' mini-grid franchise under scrutiny

Critics of the bill granting the franchise say it could give birth to a monopoly.

Solar Philippines eyes 500MW of projects in India: report

The company cited the country's favourable regulatory environment.

AC Energy inks $115.63m acquisition deal for PHINMA Energy

It bought a 51.48% stake in PHEN for $65.44m and subscribed to its shares worth $50.62m.

AC Energy raises $410m from maiden green bonds

The newest investment comes from the World Bank's IFC $75m injection to anchor a $300m tranche.

KEPCO eyes 1,000MW coal plant in the Philippines

The project cost is estimated to hit $1.83b.

Philippines' AC Energy launches $225m maiden green bonds

The bonds, priced at $99.45, have a five-year tenor and 4.75% per annum coupon.

Philippines' AC Energy buys 51.48% stake in PHINMA Energy for $65.44m

The two started a partnership for a 244MW coal power plant in 2011.

Philippines changes standards for ‘consumer representative' in bidding process

It required the intermediary to have knowledge of competitive public bidding.

EU and the Philippines ink seven clean energy contacts

The official launch of the seven projects is scheduled in January 2019.

KEPCO's acquisition of 38% stake in Solar Philippines firm gets approved

This will mark Kepco Philippines's first entry into the country's renewables sector.