News

First Gen’s recurring net income flat in H1

Its business units showed mixed results.

Aboitiz Power’s net income down 25% in H1

Depreciation and interest expenses for GNPower Dinginin affected core earnings in H1.

Energy storage funding down 41% in H1

VC funding also decreased in the first six months of the year.

SECI holds first auction for green ammonia procurement under SIGHT scheme

The auction logged a record-low price of INR 55.75 per kilogram.

India to complete first two units of Gorakhpur nuclear plant by 2031-2032

Construction on the main island will fully commence following site improvements.

Smart grid corporate funding down 13% in H1

VC funding was also down during the period.

Decarbonisation market to reach $4.7t by 2033

Thanks to the wider adoption of decarbonisation technologies in key industries, amongst others.

Energy Vault acquires Stoney Creek Battery Energy Storage System

The acquisition was first announced in March 2025.

CREC secures PHP 4.4b financing for 125 MW solar project in PH

This is one of the company’s priority projects for its five-year goal.

Vietnam’s renewable capacity to reach 112 GW in 2035

The country’s power sector presents significant opportunities for clean energy.

Sembcorp’s net profit down 1% in H1

Its business segments recorded mixed results.

PH approves facilities study for Buhawind’s 2,000 MW offshore wind project

The company has also started efforts to form a skilled offshore wind workforce.