Philippines
First Gen’s recurring net income down 12% in 2024
First Gen’s recurring net income down 12% in 2024
Blame it on lower revenues coupled with higher expenses.
Basic Energy secures certificate of authority for Mariveles solar plant
This allows the company to start procurement.
Acciona Energía breaks ground for PH solar plant
Production will commence next year.
MGreen’s IPO being evaluated: Meralco
Assets may be injected into SPNEC.
Philippines releases TOR for Green Energy Auction 4
This round eyes new capacity from solar and onshore wind projects.
ACEN’s net income up 27% in 2024
Thanks to new renewable plants operationalised last year.
Aboitiz Power sees 2% income gain in 2024
Core net income also grew 5%.
KEPCO reaffirms commitment to PH energy sector
The company currently operates a 200-megawatt coal-fired plant.
Philippines and Korea launch energy knowledge sharing programme
This will focus on renewable energy integration and grid modernisation, amongst others.
Meralco’s core income jumps over 20% in 2024
Last year’s profit exceeded the full-year PHP43b guidance.
Aboitiz Power unit to decommission Naga oil-fired plant
This will be effective next month.
SN Aboitiz Power bags funding for 56 MW of battery storage projects
This covers two projects in Isabela and Benguet.
Basic Energy and Renova close deal for 50 MW wind project
The Japanese company is now a partner in RDG Wind Energy.
Aboitiz Power’s Libmanan wind project secures turbines
Commercial operations will commence by the end of 2026.
Philippines exceeds 4.65 GW installation target in GEA-3
Fourteen projects were submitted.
Aboitiz Power unit deactivates two power barges
These will resume services in 2027.
Philippines adds nearly 800 GW of RE in 2024
Last year’s total exceeded the installations in 2021 to 2023.
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