Philippines

PH clean power generation to reach 69.4 TWh in 2035

PH clean power generation to reach 69.4 TWh in 2035

The country’s renewable goals will be fuelled by geothermal and hydropower amongst others.

ACEN divests nearly 200 MW of diesel plants

This is part of the efforts to transition fully to renewable energy.

PH introduces enhancements to support floating solar generation

This includes reallocation of the 1,040 MW installation target capacity.

PH and JICA ink large-scale hydropower deal

They will identify possible sites for hydropower generation.

PH commences auction for fixed-bottom offshore wind capacity

The projects have a delivery period from 2028 to 2030.

PH releases notice of award for third green auction

This covers hydropower and geothermal projects.

First Gen sells 60% stake of gas unit

The transaction includes various power plants and an offshore LNG terminal.

ACEN taps CIP for 1 GW offshore wind project in PH

The investment firm acquired a minority stake in the project.

First Gen acquires renewables platform for $18.1m

The transaction involves a full takeover of the platform.

Citicore Renewable Energy’s earnings up 8% in Q1

Thanks to a surge in revenue during the period.