Philippines
ACEN’s net income jumps 49% to $107.1m in H1 2024
Improved selling in the wholesale electricity market boosted gains.
Citicore’s net income up 9% to $15.47m in 2023
Thanks to higher revenues driven by the sale of electricity.
RATCH Group’s PH solar plant goes online
It has a 10-year PPA with an Aboitiz unit.
PH to resume reserve market early-August
Adjustments to the WESM will be made for this.
Alternergy breaks ground for 28-MW Solana solar project
This will be completed in 2025.
PH to rollout energy scorecard for climate resilience
The final scorecard for electric cooperatives will be out in September.
ACEN acquires 60% stake in 500-MW wind project developer
A $1.25m loan was also executed.
PH eyes RE and storage systems through Q4 green energy auction
LNG technologies will also be covered.
How the Philippines plans to achieve 100% electrification by 2028
More than 2 million households still live without electricity.
Meralco’s core net income jumps 21% in H1
Thanks to higher sales volumes of the distribution utility.
ACEN inks $32.78m loan for clean energy unit’s solar project
The facility is located in Zambales.
AboitizPower’s net profit down 4% in H1
Blame it on depreciation and interest expenses.
No total ban on coal power plants in PH, gov’t clarifies
Authorities clarify the coverage of a 2020 moratorium.
EDC eyes completion of six RE projects in 2024
These include geothermal plants and battery storage systems.
Manila starts second round for selection of microgrid provider
This will cover 75 unserved and underserved areas.
PH inaugurates two new transmission projects in Luzon and Visayas
These have a total transfer capacity of 8,600 MW.
Thought Leadership Centre
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