Synergy Grid and Development Philippines aims to raise up to Php28.9 billion (around $573 million) via a follow-on offering (FOO) at the Philippine Stock Exchange (PSE). Based on its preliminary prospectus, Synergy...
Power customers that consume an average of at least 100 kilowatts (kW) per month for the past 12 months may soon be able to choose their own supplier of renewable energy (RE),...
The Manila Electric Company (MERALCO) is in talks with government-owned Power Sector Assets and Liabilities Management Corporation (PSALM) for possible supply as the power giant is forced to look for other options...
The National Grid Corporation of the Philippines (NGCP) said it has committed to invest Php440 billion in capital expenditures until 2033 to grow and strengthen its transmission network. Based on the preliminary...
The Department of Energy (DOE) said that there would be sufficient power supply — particularly in Luzon — for the national and local elections on May 9, 2022. Based on the National...
Aboitiz Power Corporation said that it aims to commence commercial operations of two battery energy storage systems (BESS) in Davao de Oro and Isabela with a total capacity of 69 megawatts (MW)...
Lopez-led First Gen Corporation is supplying geothermal power to Philippine Bio-Industries, Inc. (PBI), one of the country’s biggest exporters of refined carrageenan blends. PBI, through parent firm W Hydrocolloids, Inc. (WHI), recently...
The 1,200-megawatt Ilijan gas-fired power plant’s build-operate-transfer (BOT) contract will expire in June next year, but the Power Sector Assets and Liabilities Management Corporation (PSALM) noted that there is no definitive plan...
Pilipinas Shell Petroleum Corporation, the country’s second-largest oil firm, posted a Php1.2 billion profit in the second quarter, a reversal from Php1.12 billion loss in the same period last year, based on its...
AC Energy (ACEN) and UPC Solar Asia Pacific, through joint venture company UPC-AC Energy Solar, plans to build 420 megawatt-peak (MWp) or 300 megawatt-alternating current (MWac) in India within the year. This...
