Power News

December 15, 2023

Solar seen filling shortfall in hydro output during El Niño

By Sheldeen Joy Talavera, Reporter – December 14, 2023 | 8:23 pm from Business World TRINA SOLAR FB PAGE THE Department of Energy (DoE) said power supply shortfalls resulting from El Niño’s impact on hydropower are expected to be filled by new solar […]
December 15, 2023

ACEN signs P11-b loan deal with ADB, BPI

By Alena Mae S. Flores – December 14, 2023, 7:50 pm from manilastandard.net ACEN Corp., the Ayala Group’s listed energy platform, said Thursday it signed an P11-billion sustainability-linked loan facility with the Asian Development Bank (ADB) and the Bank of […]
December 15, 2023

WESM prices seen going down in December amid low demand

By Alena Mae S. Flores – December 14, 2023, 7:15 pm from manilastandard.net The average system-wide prices at the Wholesale Electricity Spot Market (WESM) will likely stay at P3.90 per kilowatt-hour (kWh) for the December billing month, an official said […]
December 14, 2023

RE firms form group to boost OSW industry

By Alena Mae S. Flores – December 13, 2023, 9:05 pm from manilastandard.net Local and foreign renewable energy (RE) developers formed a new association to promote and ensure the success of the offshore wind (OSW) industry. The companies launched Pilipinas […]
December 14, 2023

ACEN units raise P9.74b for RE plants

By Alena Mae S. Flores – December 13, 2023, 8:55 pm from manilastandard.net ACEN Corp., the listed energy platform of the Ayala Group, said Monday its subsidiaries signed loan agreements worth nearly P9.74 billion to finance renewable energy (RE) projects. […]
December 14, 2023

Vivant Energy secures P2.75-b Metrobank loan

By Alena Mae S. Flores – December 13, 2023, 8:40 pm from manilastandard.net Vivant Energy Corp., a wholly-owned subsidiary of Vivant Corp., said Wednesday it signed a five-year term loan facility with Metropolitan Bank and Trust Company for P2.75 billion. […]
December 14, 2023

PetroGreen competes site development of Bohol solar project

By Alena Mae S. Flores – December 13, 2023, 8:15 pm from manilastandard.net PetroGreen Energy Corp. (PGEC) of the Yuchengco Group said Wednesday it completed the site development works for its 27-megawatt Dagohoy solar power project in San Vicente and […]
December 13, 2023

SPNEC buys 100% of Prime Infra’s shares in Terra Solar PH for P6b

By Alena Mae S. Flores & Jenniffer B. Austria – December 12, 2023, 9:10 pm from manilastandard.net SP New Energy Corp. (SPNEC) said Tuesday it acquired 100 percent of the shares of Prime Infrastructure Inc. in Terra Solar Philippines Inc. […]
December 13, 2023

ACEN bares energy transition plan for 246-MW coal plant in Batangas

By Alena Mae S. Flores – December 12, 2023, 8:40 pm from manilastandard.net ACEN Corp. announced Tuesday the launch of its Just Energy Transition (JET) Roadmap for the 246-megawatt South Luzon Thermal Energy Corp. (SLTEC) coal-fired power plant in Batangas […]
December 13, 2023

SNAP to build 3 battery energy storage systems

By Alena Mae S. Flores – December 12, 2023, 8:25 pm from manilastandard.net SNAP president and chief executive Joseph Yu SN Aboitiz Power Group (SNAP) plans to put up another three battery energy storage system (BESS) projects with a combined […]