Power News

December 12, 2023

Alternergy’s 2 wind projects awarded contracts under green energy auction

By Alena Mae S. Flores – December 11, 2023, 7:55 pm from manilastandard.net The Department of Energy (DOE) issued certificates of award (COA) to Alternergy Tanay Wind Corp.’s (ATWC) two wind power projects for submitting the winning bids in the […]
December 12, 2023

Meralco subsidiary Spectrum eyes P500-m revenues in 2023

By Alena Mae S. Flores – December 11, 2023, 7:25 pm from manilastandard.net MSpectrum Inc., the solar rooftop arm of Manila Electric Co., expects revenues to reach P500 million this year, up from P300 million in 2022 as it expands […]
December 11, 2023

EDC to complete new geothermal, BESS projects

By Alena Mae S. Flores – December 10, 2023, 9:35 pm from manilastandard.net Energy Development Corp. (EDC) focuses on the completion of binary geothermal projects and battery energy storage projects in the next two years, a company executive said. EDC […]
December 11, 2023

Gov’t urged to develop timeline to retire coal-fired power plants

By Sheldeen Joy Talavera – December 10, 2023 | 8:46 pm from Business World THE GOVERNMENT needs to lay down a timeline for decommissioning or repurposing coal-fired power plants, analysts said. “In a just energy transition, this means that there […]
December 9, 2023

DOE: 2 large LNG terminals likely completed by 2025

By Alena Mae S. Flores – December 8, 2023, 8:55 pm from manilastandard.net Two major liquefied natural gas (LNG) terminals are on track to be completed in Batangas province by 2025, according to data from the Department of Energy (DOE). […]
December 9, 2023

Vivant Energy signs P3.5-b loan deal with BDO to finance power projects

By Alena Mae S. Flores – December 8, 2023, 8:45 pm from manilastandard.net Vivant Energy Corp., a wholly-owned subsidiary of Vivant Corp., said Thursday it signed a five-year term loan facility agreement with BDO Unibank Inc. for up to P3.5 […]
December 8, 2023

ACEN unit signs $100-m green term loan deal with MUFG Bank

By Alena Mae S. Flores – December 7, 2023, 9:30 pm from manilastandard.net ACEN Renewables International Pte. Ltd (ACRI), a subsidiary of ACEN Corp. based in Singapore, signed a $100 million green term loan facility with MUFG Bank Ltd. (MUFG), […]
December 8, 2023

NEA loans to electric co-ops hit P975.54M at end-Nov.

December 6, 2023 | 8:33 pm – Sheldeen Joy Talavera from Business World PHILSTAR THE National Electrification Administration (NEA) has lent P975.54 million to at least 26 electric cooperatives (ECs) as of the end of November. According to the NEA, […]
December 7, 2023

DOE promotes climate finance, pushes early phaseout of PH coal power plants

By Alena Mae S. Flores – December 6, 2023, 8:55 pm from manilastandard.net The Department of Energy (DOE) said Wednesday climate financing is key to the success of the Philippines’ energy transition even as it encouraged a voluntary early and […]
December 7, 2023

Alternergy taps K2M of Denmark to develop 164-MW wind projects

By Alena Mae S. Flores – December 6, 2023, 8:45 pm from manilastandard.net Alternergy Holdings Corp. and K2 Management (K2M), an energy transition project management and engineering consultancy firm, teamed up to construct two onshore wind power projects with a […]