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28 priority projects lined up for Luzon Economic Corridor

The Philippine government has presented a list of 28 priority projects in areas such as infrastructure development, electronics and semiconductors, food production and storage and renewable energy sourcing in the proposed Luzon Economic Corridor......»»

Category: newsSource:  philstarRelated NewsMay 26th, 2024

Leviste acquires 8.5% stake of ABS-CBN

Entrepreneur Leandro Leviste, founder of renewable energy firm Solar Philippines, purchased P76.5 million worth of shares of ABS-CBN Corp. or 8.5% of the network......»»

Category: financeSource:  philstarRelated NewsMay 2nd, 2024

Indigenous people criticize business as usual mining practices

BRASILIA, Brazil - Indigenous representatives from 35 countries issued a declaration Thursday criticizing the fact that they are too rarely consulted about mining that takes place on or near their lands, an issue that has become more acute with increased demand for minerals needed in the transition to a cleaner energy system.'We recognize and support the need to end fossil fuel reliance and shift to renewable en.....»»

Category: newsSource:  manilanewsRelated NewsApr 21st, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2024

ACEN receives $150 million green term loan from SMBC

A subsidiary of ACEN Corp. has inked a $150 million green term loan facility with Sumitomo Mitsui Banking Corp. to bankroll investments in renewable energy projects across the region......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

British Chamber highlights cybersecurity industry in boosting UK-PH trade

The British Chamber of Commerce Philippines Executive Director/Trustee Chris Nelson, together with the Department for Business and Trade Philippines Country Director James Thackery discussed the bilateral economic opportunities between the UK and the Philippines, citing significant sectors including cybersecurity, infrastructure, renewable energy, agriculture, among others. .....»»

Category: financeSource:  philstarRelated NewsApr 15th, 2024

CREC targets market debut in May

Citicore Renewable Energy Corp. is pushing through with its public listing in the second quarter, but has downsized the planned initial public offering by about P5 billion......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

Marubeni mulls RE foray, industrial estate development in Philippines

Japanese trading giant Marubeni is mulling an industrial estate comeback in the Philippines, while also exploring possible ventures into the renewable energy space......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

Cosco ventures into RE with P552 million investment

Cosco Capital Inc. of retail tycoon Lucio Co has formalized its renewable energy venture with a P552-million investment for a majority stake in a company that operates a hydropower plant in Oriental Mindoro......»»

Category: financeSource:  philstarRelated NewsMar 30th, 2024

Sy family invests P5 billion in Megawide affiliate

The Sy family is once again playing a big brother role to a company led by businessman Edgar Saavedra, this time investing in Megawide’s affiliate renewable energy real estate investment trust......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2024

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.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 20th, 2024

ACEN FY23 profit: P7.4-B (down 43%)

ACEN, the Zobel Family’s renewable energy holding company, posted an FY23 net income of P7.4 billion, which was 43% lower than the P8.6 billion it made in FY22......»»

Category: financeSource:  philstarRelated NewsMar 14th, 2024

Marcos pushes Philippines-Australia partnership on climate change

President Marcos yesterday urged Australia to work with the Philippines on clean and renewable energy and measures aimed at addressing the effects of climate change that place food security and people’s livelihood at risk......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

Bottleneck

Most of us agree that renewable energy (RE) is the way to go despite current price and reliability issues. But the policy bottlenecks need to be cleared......»»

Category: newsSource:  philstarRelated NewsFeb 23rd, 2024

Albay eyes 100 percent RE shift by 2030

The province of Albay in the Bicol Region said it plans to shift to 100 percent renewable energy by 2030 to address power outages during extreme weather events......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

Citicore breaks ground for Negros solar project

Citicore Renewable Energy Corp. has broken ground for a 69-megawatt-peak solar power plant project in Negros Occidental.c.....»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2024

Citicore Renewables officially moves IPO to next quarter

Citicore Renewable Energy Corp. gave notice to the exchange that it “decided to adjust the indicative date of the Offer from March 2024 to the 2nd quarter of 2024.”.....»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

ACEN gets support from Australian indigenous group

Ayala-led power unit ACEN Corp. has joined forces with Australia’s First Nations Yindjibarndi people to develop renewable energy projects on Yindjibarndi Ngurra, located approximately 13,000 square kilometers within Yindjibarndi’s exclusive native title land in Western Australia......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

The PSE’s first IPO might be delayed until next quarter

A report from Iris Gonzales of The Philippine Star said that the Citicore Renewable Energy Corp. IPO might be moved from late March to sometime in Q2 to be more “in line with the expected lowering of interest rates” and to give CREC more time to “complete some remaining regulatory requirements”......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 2024

Alternergy income reaches P121 million

The earnings of renewable energy firm Alternergy Holdings Corp. reached P121.16 million for the first half of its fiscal year......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024