Power News

October 22, 2024

CREC, Levanta to form joint venture for wind projects

By Lenie Lectura – October 22, 2024 from Business Mirror The wind power unit of Citicore Renewable Energy Corp. (CREC) is partnering with Levanta Renewables (Levanta), a leading Southeast Asia-focused renewable energy platform backed by Actis, for the development of […]
October 22, 2024

20 Globe facilities switch to 100% renewable power

By Alena Mae S. Flores – October 21, 2024, 7:40 pm from manilastandard.net Globe Telecom Inc. said Monday it shifted 20 of its facilities to 100-percent renewable energy supply through ACEN Renewable Energy Solutions (ACEN RES), with three other sites […]
October 21, 2024

FGEN to continue supplying power to GMC’s Cebu plant

By Lenie Lectura – October 21, 2024 from Business Mirror PUBLICLY-listed First Gen Corp. (PSE: FGEN) and privately-held food manufacturer General Milling Corp. (GMC) announced the renewal of their energy supply deal. Under the agreement, FGEN through subsidiary Green Core […]
October 21, 2024

DOE: 105 renewable energy projects facing termination

By Lisbet K. Esmael – 02:09 PM October 20, 2024 from inquirer.net The Department of Energy (DOE) says at least 105 renewable energy projects are at risk of losing their contracts as the government cracks down on “non-serious” developers. INQUIRER […]
October 19, 2024

Alternergy, eyeing REIT, consolidates land assets

By Ed Paolo Salting – October 18, 2024 from The Manila Times ALTERNERGY Holdings Corp. (Alternergy) said Thursday that it was consolidating all land assets into one entity to boost its capital-raising options. Alternergy’s board was said to have approved […]
October 19, 2024

UAE companies express strong interest in PH renewable, nuclear power projects

By Alena Mae S. Flores – October 18, 2024, 7:15 pm from manilastandard.net The Department of Energy (DOE) said Friday it generated strong investor interest from the United Arab Emirates (UAE) companies in the country’s energy sector, including renewable energy […]
October 19, 2024

MORE Power seeks recovery of P115 million from consumers

By Brix Lelis – October 18, 2024 | 12:00am from The Philippine Star The Iloilo City power distributor has asked the Energy Regulatory Commission (ERC) to approve its implementation of a true-up mechanism covering its under recoveries and excess revenues […]
October 18, 2024

Consumers to save P11.8 billion from new Meralco supply deal

By Brix Lelis – October 17, 2024 | 12:00am from The Philippine Star This picture shows Meralco’s electric meter. MANILA, Philippines — Close to eight million customers of Manila Electric Co. (Meralco) could expect P11.76 billion in cost savings from […]
October 18, 2024

Meralco customers to benefit from lower electricity rates this October

By TDT – 17 Oct 2024, 00:01 Meralco customers are expected to benefit from lower rates this month. Seen in photo are Meralco crews conducting maintenance works to ensure delivery of stable and reliable service to millions of Filipino consumers. […]
October 18, 2024

Phl’s first: DOE confirms 3 offshore wind projects commerciality

By TDT – 17 Oct 2024, 14:57 Wind turbines in the North Sea, off the coast of the Netherlands. Photo by Mischa Keijser. The Department of Energy (DOE) awarded Certificates of Confirmation of Commerciality (CoCoC) to three offshore wind power […]