Philippines
First Gen sets $1.27b capex for 2024
First Gen sets $1.27b capex for 2024
The funding focus will be hydropower and other renewable energy projects.
Alternergy bags $34.2m loan for wind projects
BDO Unibank is the lender.
Alternergy secures $137.4m loan for Tanay wind project
The lenders are BPI and Security Bank.
Tokyo Gas to acquire 20% stake in First Gen LNG
They are developing the Interim Offshore Terminal Project in the Philippines.
Philippines DOE and US partner to enhance energy workforce and promote renewables
The US will support the implementation of the Civil Nuclear Cooperation Agreement.
AboitizPower finalises 15.6% stake acquisition in STEAG State Power
This brings the company’s total equity interest to 85%.
REDC's net income rises 32% in Q1 on hydropower success
Its power generation reached 28.9 kWh from 19.5 kWh in Q1 2023.
AboitizPower’s net income rises 4% YoY in Q1
The company increased its capital expenditure this year by over two-fold.
SEC greenlights EDC’s $172.8b green bond offering
This is the second tranche of the EDC Fixed Rate ASEAN Green Bonds.
Acciona Energia acquires 80% share in Philippines’ Freya Renewables
This will add 880 MW of projects to the company’s portfolio.
ACEN’s net income surges 34% YoY in Q1
The company has reached its 2025 5 GW renewables capacity target during the period.
Coro Energy to develop 100 MW onshore wind farm in the Philippines
This is the company’s second wind energy service contract in the country
Meralco plans micro-nuclear power plants for remote areas by 2028
It will be deployed in one of the island provinces.
First Gen’s Q1 income drops 9% YoY to $81m
Only the company’s hydro platform saw revenue growth.
ACEN invests $522k to ENEX Corp
It subscribed to 30 million non-voting preferred shares.
Philippines expects over 4,000 MW of power projects to begin operations this year
These projects include both conventional and renewable energy.
ADB and Buskowitz commit $12m to boost rooftop solar in the Philippines
This will involve the deployment of 70 MW of rooftop solar projects.
Thought Leadership Centre
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