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Samal resort gets notice of violation over hawksbill turtle hatchlings
The Department of Natural Resources-Davao Region (DENR-Davao) has issued a notice of violation to Isla Reta Beach Resort in Samal for the illegal possession of hawksbill turtle hatchlings. The resort violated Republic Act 9147, which prohibits the exploitation of wildlife resources and their habitats. The law strictly prohibits collecting, hunting, or possessing wildlife or their by-products, with penalties including imprisonment and fines. In response to the notice, the resort's owner must release the turtle hatchlings within a day, or face legal action. Despite the resort's intention to care for and release the hatchlings after six months, DENR-Davao found 130 hatchlings inside styro boxes and emphasized the critical importance of immediately releasing them to ensure their survival. The Philippines recognizes five sea turtle species, with hawksbill and leatherback classified as critically endangered. DENR-Davao encourages individuals to report wildlife sightings and pledges to conduct public awareness campaigns for wildlife conservation. Isla Reta Beach Resort faced criticism for unauthorized plans to raise the hatchlings......»»
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......»»
Energy specialist backs tax breaks for e-motorcycles
Giving tax incentives to e-motorcycles is justified because of their proven contribution in reducing carbon emissions, a specialist from the Department of Energy (DOE) said......»»
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......»»
Security Bank, Helios team up for solar energy in households
Security Bank Corp. has tied up with climate fintech firm Helios to boost the access of Filipino homeowners to clean and sustainable energy......»»
Nuclear energy on tycoons’ radar
Companies led by business titans Manuel V. Pangilinan, Sabin M. Aboitiz and Enrique K. Razon continue their quest for nuclear power in a bid to support the country’s energy security in the coming years......»»
Government urged to develop natural gas industry
Developing the country’s natural gas industry is critical to driving investments that will enhance national energy security, reduce electricity costs and create more jobs for Filipinos, according to the Senate committee on energy technical working group......»»
Alliance Global taps Meralco’s MPower for clean energy
The local retail electricity supplier of Manila Electric Co.is set to supply clean energy to Alliance Global Group Inc. of tycoon Andrew Tan......»»
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.” .....»»
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)......»»
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......»»
DOE orders creation of nuclear energy body
The Department of Energy will soon create a committee dedicated to achieving a 2,400-megawatt nuclear power capacity for the country by 2032......»»
Citicore Renewable Energy approved for IPO on March 22
Edgar Saavedra’s application to list Citicore Renewable Energy has been approved by the PSE......»»
Powering progress toward sustainable energy
As Filipinos anticipate the onset of the dry season, which is intensified by the ongoing El Niño, President Marcos has issued a crucial directive to all government entities, both at the national and local levels, emphasizing the imperative need for energy efficiency and conservation......»»
SP New Energy suspended again for public float violation
SP New Energy was suspended at the close of trading on Friday by the PSE after a block sale pushed SPNEC’s public float down to 19.57%, below the PSE’s minimum public float requirement of 20%......»»
Villar’s PREIT utilizes IPO proceeds for energy projects
Billionaire Manuel Villar Jr.’s Premiere Island Power REIT Corp. has used up all of the proceeds it obtained from its initial public offering to bankroll energy projects in Luzon......»»
Alternergy unit secures P8 billion for wind energy project
Renewable energy firm Alternergy Holdings Corp. borrowed P8 billion from two banks to finance the construction of a 112 megawatt wind power project in Rizal province......»»
Meralco wrapping up feasibility study on nuclear energy
Manila Electric Co. is making strides in its foray into nuclear energy as it nears the completion of a feasibility study on the development of a micro modular reactor in the country......»»
Meralco starts bidding for 500-MW RE supply
Manila Electric Co. is boosting the share of renewable energy in its power supply portfolio as it has started looking for new suppliers of clean energy......»»
NegOcc concludes successful renewable energy week, expo
NegOcc concludes successful renewable energy week, expo.....»»