Philippines

But factors like higher inflation, interest rates, and increased rooftop solar adoption threaten to slow down consumption.

Metro Pacific Investments inked a deal with Dole Philippines for the $19.05m project.

The country is eligible to tap into $10.3b of pledged financing.

AC Energy bought a 25% stake and co-investment rights in the company.

It wants solar to drive this renewables output.

A plant revival could help lower electricity costs in the country, officials said.

The former operator was required to sell itself of this function in favour of an independent entity.

This will raise its interest in the Mariveles Project and Dinginin Project.

The energy department gave it a go-ahead for a grid impact study.

But eight solar rooftop projects worth US$1.65b could mark a turn-around.

It wants to reduce the effect of international oil price hikes.

Some utilities see batteries as the solution to improve the economics of a larger scale roof-top solar industry.

A huge chunk will be spent on drilling projects.

CEO Jaime T. Azurin targets going out of the Visayas region as its home base, and expanding to the Philippines’ bigger islands with the firm’s recent 50% stake acquisition in the Alsons Thermal Energy Corporation in Mindanao.

It targets 3,500MW capacity by end-2018.

The country seems to be geared up to become increasingly green but where does this leave coal?