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CREIT FY23 profit: P1.4-B (up 12%)
Citicore Energy REIT posted an FY23 net income of P1.40 billion, up 11.6% from its FY22 net income of P1.25 billion, powered by CREIT’s “strong guaranteed lease base” and new contributions from FY23 acquisitions from its parent company, Citicore Renewable Energy Corp......»»
CREIT FY23 profit: P1.4-B (up 12%)
Citicore Energy REIT posted an FY23 net income of P1.40 billion, up 11.6% from its FY22 net income of P1.25 billion, powered by CREIT’s “strong guaranteed lease base” and new contributions from FY23 acquisitions from its parent company, Citicore Renewable Energy Corp......»»
SM Investments buys 28.79% stake in CREIT for P5-B
SM Investments spent P5 billion to purchase 1,884,374,000 shares of Citicore Energy REIT from CREIT’s parent company, Citicore Renewable Energy Corp., at a price of P2.6534/share......»»
Alternergy reallocates IPO proceeds to Tanay and Alabat projects
Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»
SPNEC confirms it is looking for investors in Terra Solar to help fund project dev t
SP New Energy, Meralco’s new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” .....»»
MGreen unit breaks ground for Nueva Ecija solar plant
Greentech Solar Energy Inc. , a subsidiary of MGreen Renewable Energy Inc., broke ground on an 18.75-megawatt alternating current solar power plant project in Bongabon, Nueva Ecija......»»
Philippines 10-year nuclear plan ‘too late,’ says climate analyst
The long-term nuclear plan outlined by the Department of Energy is “too long, too late” due to the climate emergency, a climate analyst said, suggesting instead the prioritization of building renewable energy facilities......»»
MGreen hikes stake in SPNEC
MGen Renewable Energy Inc. a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp......»»
Investor interest in power gaining steam – Lotilla
Investor interest in the country’s power sector, particularly in the renewable energy space, continues to gain steam, according to the Department of Energy......»»
MGen completes takeover of SPNEC
MGen Renewable Energy Inc., a subsidiary of Manila Electric Co., has completed its P15.9- billion investment in SP New Energy Corp.......»»
DTI lures Lithuanian investors with booming ICT, renewable sectors
DTI lures Lithuanian investors with booming ICT, renewable sectors.....»»
‘ENSURE POWER STABILITY’ | Lacson urges more renewable power investors
‘ENSURE POWER STABILITY’ | Lacson urges more renewable power investors.....»»
Holcim allots P2 billion for co-processing, RE shift
Cement maker Holcim Philippines Inc. is spending P2 billion over the next three years for co-processing and shifting to renewable energy in line with its commitment for sustainable manufacturing operations......»»
Article 23: Hong Kong passes tough security law after years of protests
The government announced today a new policy aimed at promoting the usage of renewable energy in businesses and households across the country. The policy includes.....»»
MGen unit bags Singapore power project
A subsidiary of Meralco PowerGen Corp. has received the green light from the Energy Market Authority to build, own and operate two power-generating units in Singapore......»»
ERC urged to defer power rate hikes
It would be best for the Energy Regulatory Commission to withhold the requests of power distributors and generating firms to collect higher electricity bills while the industry is on yellow alert due to high power demand this summer, a member of the House of Representatives said......»»
Excise tax on single-use plastics to yield P34 billion
The move to slap excise taxes on single-use plastics is seen generating P34 billion for the government and curbing the increasing mismanagement that contributes to overall pollution......»»
PlayStation 5 Pro CPU to Boost to 3.85 GHz With High CPU Frequency Mode and Utilize RDNA 4’s RT Engine
The highly anticipated PlayStation 5 Pro is generating buzz among gamers as new details about its specs have been revealed online. According to sources, the.....»»
Microsoft Investigates Reports of Bot Issuing Bizarre, Harmful Responses
The Daily Guardian- Microsoft’s Copilot Chatbot Under Investigation for Bizarre and Harmful Responses Microsoft’s Copilot chatbot is currently under investigation for generating strange, disturbing, and.....»»
EDITORIAL — The fourth worst
Here’s another problem that turns off foreign investors, and its solution does not call for amending the Constitution. Business class travelers – people with the type of money that can provide job-generating enterprises in the Philippines – have ranked the Ninoy Aquino International Airport as the fourth worst gateway in Asia and the Middle East......»»