April 27, 2023

Renewable capacity rose 4% to 8,255 MW in 2022

By Alena Mae S. Flores – April 26, 2023, 7:15 pm from manilastandard.net The Department of Energy said Wednesday total installed renewable energy capacity increased 4 percent to 8,255 megawatts in 2022 from 7,914 megawatts in 2021, with the entry […]
April 26, 2023

‘Power spot prices to remain at P7/kwh on rising demand’

BY LENIE LECTURA – APRIL 26, 2023 from Business Mirror The Independent Electricity Market Operator of the Philippines (IEMOP) warned that average electricity spot market prices in May could remain at the P7 per kilowatt hour (kWh) level. IEMOP reported […]
April 26, 2023

PetroEnergy increases stake in renewable units

By Alena Mae S. Flores – April 25, 2023, 7:20 pm from manilastandard.net PetroEnergy Resources Corp. said Tuesday it signed a share purchase agreement with EEI Power Corp. to acquire the latter’s common shares in three subsidiaries. PetroEnergy said in […]
April 26, 2023

Aboitiz Power watches regulatory developments on offshore wind projects

By Alena Mae S. Flores – April 25, 2023, 7:05 pm from manilastandard.net Aboitiz Power Corp. said it is keenly watching the regulatory developments from the Department of Energy and the Energy Regulatory Commission before proceeding with any offshore wind […]