April 18, 2024

Basic, Renova to develop 50-MW Mabini wind project

By Alena Mae S. Flores – April 17, 2024, 7:25 pm from manilastandard.net Listed Basic Energy Corp. on Wednesday signed the joint development and shareholder’s agreement (JDSHA) with Japanese renewable energy firm Renova Inc. for the P4.5-billion Mabini wind power […]
April 18, 2024

SPNEC books P5.7-b income following entry of Meralco unit

By Jenniffer B. Austria – April 17, 2024, 7:20 pm from manilastandard.net Renewable energy firm SP New Energy Corp. (SPNEC) booked a net income of P5.7 billion in 2023, a sharp turnaround from net loss of P40.4 million recorded a […]
April 18, 2024

ACEN, Rockefeller Foundation pilot ‘coal to clean’ project

By Alena Mae S. Flores – April 17, 2024, 7:10 pm from manilastandard.net ACEN Corp. and The Rockefeller Foundation said Wednesday the first Coal to Clean Credit Initiative (CCCI) pilot project could avoid up to 19 million tons of carbon […]
April 17, 2024

PetroEnergy’s net profit rises 9% to P944m amid stable operations

By Manila Standard Business – April 16, 2024, 8:35 pm The Yuchengco Group’s listed energy arm PetroEnergy Resources Corp. (PERC) said Tuesday it posted a 9-percent increase in its consolidated net income in 2023 to P944 million from P863 million […]