Philippines

Philippinesā€™ ACEN net income climbs 25% in Q2

Its net income stood at P1.8b during the quarter.

Philippinesā€™ ACEN net income climbs 25% in Q2

Its net income stood at P1.8b during the quarter.

Philippinesā€™ AboitizPower to explore 3,000MW offshore wind power

The country only has a capacity of 443MW onshore win, as of 2020.

Philippinesā€™ SMC Global Power lists P40b bonds

This will allow the company to provide reliable power supply.

SMICā€™s Philippine Geothermal Production Company acquisition gets green light

The consideration paid for the acquisition was around $284.8m.

Philippine-based PXP Energy narrows loss in Q2

The companyā€™s core net loss amounted to P645,000, down from P16.6m in the previous year.Ā 

ACEN green lights final tranche of energy transition financing

The company will divest its shares in SLTEC for P3.7b.Ā 

Philippinesā€™ Meralco core income climbs 15% in first half

The company recorded a net income of P12.1b during the period.

Philippines is 3rd largest geothermal market globally: Fitch

Its installed capacity is estimated at 1,928MW in 2021.

ACEN to offer Peso-denominate green bonds

The proceeds from the $177.8m bonds will be used for its three solar projects.

ACEN to issue P30b bonds to fund RE projects

Initial proceeds will fund the Arayat-Mexico Solar Power expansion project amongst others.

Nickel Asia unit, Shell partner to develop RE in the Philippines

The joint venture plans to add 1GW capacity by 2028.

Philippinesā€™ DOE holds auction for 2,000MW clean energy

The auction was joined by 24 qualified bidders from various energy sectors.

Solar Philippines to contract 10GW projectsĀ 

The projects are scheduled to start operations between 2025-2026.

Private firms eclipse the growth of the Philippines' solar power industry

Solar Philippines flagged the lack of foresight amongst businesses to meet high demand.

Philippinesā€™ Prime Infra unit to build worldā€™s largest solar facility

It will have a 2,500MW to 3,500MW capacity with a battery energy storage system.