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Bangsamoro dangles coal, oil investments
The Department of Energy is bidding out four pre-determined areas or coal and petroleum exploration in the Bangsamoro Autonomous Region in Muslim Mindanao (B.....»»
NEWS BRIEFS | 27 February 2024
Energy exploration in BARMM opened for bidding The Department of Energy has opened four areas in the Bangsamoro Autonomous Region in Muslim Mindanao for exploration, development, and production of indigenous energy sources. Energy Undersecretary Alessandro Sales said coal exploration marked as “PDA-BC-1” covering 14,856 hectares in Kapai and Tagoloan towns in Lanao del Sur is […].....»»
DOE slates 3rd round of Green Energy Auction
Another round of the Green Energy Auction will be conducted this year as part of the country’s utilization of renewable energy resources and attainment of energy security and reliability, the Department of Energy said......»»
Fitch keeps credit rating of 5 Philippine banks
Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»
Moody’s, Fitch research arms see rate cuts in 2nd half
The research units of the Moody’s and Fitch Group expect the Bangko Sentral ng Pilipinas to cut rates in the second half , reversing a tightening cycle that saw key policy rates rise by 450 basis points......»»
Envi group raises concern over Aboitiz coal expansion in Cebu
Envi group raises concern over Aboitiz coal expansion in Cebu.....»»
Biz Leaders Welcome Coal-Fired Power Plant Expansion in Toledo City to Prevent Outages
Business stakeholders in Cebu welcomed the expansion project of a coal-fired power plant in Toledo City as a way to prevent outages that happened in Aklan early this year. They said that concerns about the environment will be “outweighed” by the economic benefits that will come with more power supply considering the dwindling reserves in […].....»»
Early retirement of coal plants to significantly cut CO2 emissions
The early retirement of coal supply agreements in the Philippines is expected to significantly reduce carbon dioxide emissions, aligning the country with the objectives of the Paris Agreement......»»
Citicore Renewable Energy IPO scheduled for May 31
Citicore Renewable Energy Corporation [CREC 3.88 pre-IPO] [link], the parent company of Citicore Energy REIT [CREIT 2.85 unch; 37% avgVol], has scheduled its IPO for May 31 after postponing its listing due to market conditions and negotiating a P5 billion stock sale of CREIT shares to the SM Investments [SM 975.00 ?0.5%; 156% avgVol] group......»»
DOE, DOST partner for R& D on renewable energy
The Department of Energy has partnered with the Department of Science and Technology for the conduct of renewable energy research and development ......»»
ACEN, BrightNight partner anew for renewable energy
ACEN, the Ayala Group’s listed energy company, has partnered with US-based BrightNight for the development, construction and operation of an initial one gigawatt renewable energy portfolio in the Philippines......»»
Basic Energy signs MOU for joint development of 50MW Batangas wind project
Basic Energy announced that its board authorized the signing of a memorandum of understanding with Renova Inc., a Japanese renewable energy company, to set the framework toward signing a definitive Joint Development Shareholders’ Agreement for the 50 megawatt Mabini Wind Energy Project......»»
AboitizPower eyes additional 1200 MW of renewable energy
Aboitiz Power Corp. is planning to develop mostly solar and wind power plants in the country as part of efforts to boost its renewable energy portfolio to about 1200 megawatts......»»
Jollibee ramps up shift to renewable energy
The Jollibee Group is ramping up its sustainability efforts this year with plans to bolster further the shift of its stores and manufacturing facilities to renewable energy......»»
Capitol to ink deal for renewable energy
Capitol to ink deal for renewable energy.....»»
Renewable energy makes up bulk of investment leads – BOI
The Philippines continues to attract investments in renewable energy as the sector accounted for most of the projects in the more than P2 trillion investment leads tracked by the Board of Investments (BOI)......»»
BPI strengthens partnership with ACEN to promote renewable energy
BPI strengthens partnership with ACEN to promote renewable energy.....»»
RENEWABLE ENERGY | Citicore breaks ground 69-MW solar plant in Silay City
RENEWABLE ENERGY | Citicore breaks ground 69-MW solar plant in Silay City.....»»
Filipino climate advocates urge China to lead Asia s renewable energy initiatives
Filipino climate advocates urge China to lead Asia s renewable energy initiatives.....»»
Citicore Renewable Energy approved for IPO on March 22
Edgar Saavedra’s application to list Citicore Renewable Energy has been approved by the PSE......»»