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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......»»

Category: financeSource:  philstarRelated NewsMar 26th, 2024

PPPs eyed for offshore wind farms in ports

The government may consider public-private partnerships (PPPs) in its plan to transform ports into offshore wind projects, as it could take as much as $80 million to redevelop each one of them......»»

Category: newsSource:  philstarRelated NewsMar 24th, 2024

10 offshore wind projects to generate power by 2028

At least 10 offshore wind projects with 6.72-gigawatt (GW) capacity are expected to generate power by 2028, according to Energy Undersecretary Rowena Cristina Guevara......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

DA eyes untapped West Philippine Sea areas to boost fish production

The Department of Agriculture is eyeing to develop untapped areas in the West Philippine Sea to boost the country’s fish production and lessen dependence on importation, a ranking official said yesterday......»»

Category: newsSource:  philstarRelated NewsMay 16th, 2024

Pinakamalaking wind mill sa bansa itatayo sa Quezon

Sinimulan nang itayo ang pinakamalaking wind mill sa bansa. The post Pinakamalaking wind mill sa bansa itatayo sa Quezon first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsMay 10th, 2024

Pagcor issues 40 licenses to rebranded POGOs

State gaming regulator and operator Philippine Amusement and Gaming Corp. (PAGCOR) has issued a total of 40 licenses to so-called offshore gaming operators – previously referred to as Philippine offshore gaming operators or POGOs – which it has now termed as internet gaming licensees (IGL)......»»

Category: newsSource:  philstarRelated News1 hr. 36 min. ago

BPI raises $400 million from offshore debt market

Bank of the Philippine Islands has raised $400 million after successfully tapping into the offshore debt market for the first time since 2019......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

Cerberus, HD Hyundai to kickstart Subic operations in 12-18 months

South Korean shipbuilder HD Hyundai is expected to start manufacturing operations in Subic Bay within the next 12 to 18 months, with an initial focus on offshore wind platforms......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2024

‘MORE SOURCES OF POWER’ | Bizmen bracing nuclear, wind power to address growing demand

‘MORE SOURCES OF POWER’ | Bizmen bracing nuclear, wind power to address growing demand.....»»

Category: newsSource:  sunstarRelated NewsApr 1st, 2024

Green groups seek relocation of planned wind farm outside Masungi

Shifting to cleaner energies like solar and wind is essential to mitigate the impacts of climate change. However, environmental organizations stressed that clean energy initiatives should not come at the expense of the country’s natural heritage......»»

Category: newsSource:  philstarRelated NewsMar 5th, 2024

Metrobank eyes return to offshore debt market

Metropolitan Bank & Trust Co. is returning to the offshore debt market to raise at least $500 million to diversify the bank’s funding sources and support its operations......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

Basic Energy, Renova sign MOU for construction of 50MW Mabini Wind Energy Project

I reported last week on Basic Energy and its progress toward signing a memorandum of understanding with Renova Inc. to set the framework for signing an eventual Joint Development and Shareholders Agreement for the construction of the 50MW Mabini Wind Energy Project......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

UPC Power completes purchase of 38MW wind project in US

UPC Power completes purchase of 38MW wind project in US.....»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

Philippines, Vietnam to expand trade ties to $10 billion

The Philippines and Vietnam will explore untapped areas for cooperation to expand their bilateral trade from $7 billion to $10 billion in the coming years, according to President Marcos......»»

Category: newsSource:  philstarRelated NewsFeb 1st, 2024

CHR: Decent, proper temporary housing for informal settlers

The Commission on Human Rights has lauded the government’s efforts to provide in-city housing to around 170,000 informal settler families in Metro Manila......»»

Category: newsSource:  philstarRelated NewsJan 21st, 2024

China bullying hurts our economy

China’s bullying in our exclusive economic zone at the West Philippine Sea is hurting our economy, particularly the energy sector. It is disrupting exploration and development of oil and gas. Whatever resources may be there will remain untapped; a tragedy given our urgent need for domestic energy sources......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2024

Spike in gender-based violence cases noted

A DEPARTMENT of Social Welfare and Development (DSWD) official reported a surge in gender-based violence cases in Davao Region, reaching 170 in 2023 compared to 131 in 2022......»»

Category: newsSource:  sunstarRelated NewsMar 11th, 2024

177 cops charged for drug offenses

More than 170 police officers have been charged with drug-related offenses in Metro Manila and about 120,000 people have been placed behind bars under the administration’s war on drugs, President Marcos reported yesterday......»»

Category: newsSource:  philstarRelated NewsJan 10th, 2024

What impact could a potential POGO ban have on the REITs?

I got this question in response to news that the House of Representatives approved two measures that seek to ban POGOs in the Philippines. POGOs, or Philippine Offshore Gaming Operators, are licensed and monitored by the Philippine Amusement and Gaming Corp., and have been controversial since their presence exploded during Rodrigo Duterte’s term as president......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024