Power News

July 6, 2023

DOE reviewing options on unsubscribed renewable energy projects

By Alena Mae S. Flores – July 5, 2023, 6:01 pm from manilastandard.net The Department of Energy is reviewing its options on the remaining 8,019.24 megawatts of unsubscribed renewable energy projects for 2024 to 2026, Secretary Raphael Lotilla said Wednesday. The […]
July 5, 2023

Solana Solar, Prime Asset sign electricity supply deal

By Alena Mae S. Flores – July 4, 2023, 6:25 pm from manilastandard.net Solana Solar Alpha Inc., a wholly-owned subsidiary of Solar Pacific Energy Corp., signed a power supply agreement with Kratos RES Inc., a wholly-owned subsidiary of Villar Group’s […]
July 5, 2023

Low turnout for second RE auction

Versus 11,600MW offered; lowest turnout for Mindanao grid   BY MYRNA M. VELASCO – Jul 3, 2023 07:46 PM from Manila Bulletin AT A GLANCE The investors are sending signals to the DOE and the ERC that the lower-than-warranted GEAR prices, […]
July 4, 2023

NGCP seeking higher capex to link RE projects

By Alena Mae S. Flores – July 3, 2023, 7:00 pm from manilastandard.net NATIONAL Grid Corp. of the Philippines is seeking the government’s assistance for higher capital expenditures to roll-out transmission facilities for the entry of more renewable energy power […]
July 4, 2023

Renewable energy firms commit 3,580 MW of capacity in 3 years

By Alena Mae S. Flores – July 3, 2023, 6:10 pm from manilastandard.net The Department of Energy received commitment from renewable energy companies to make available 3,580.76 megawatts at a price lower than or equal to those approved by the […]
July 4, 2023

Meralco sees lower power rates in July as demand declines

By Alena Mae S. Flores – July 2, 2023, 6:15 pm from manilastandard.net Power retailer Manila Electric Co. forecasts electricity prices to go down this month amid to lower demand due to the onset of the rainy season. “Initial indications […]
July 3, 2023

ERC to review ‘service disconnection rules’ for consumers

BY MYRNA M. VELASCO – Jun 30, 2023 04:57 PM from Manila Bulletin In keeping with the Supreme Court ruling on a Meralco case AT A GLANCE The Magna Carta for Residential Electricity Consumers that was institutionalized by the ERC […]
July 3, 2023

BEC bags wind energy project

By Lenie Lectura – June 30, 2023 from Business Mirror Basic Energy Corp. (BEC) will proceed to expand its renewable energy (RE) portfolio following the award of a wind energy service contract (WESC) from the Department of Energy (DOE). “Basic […]
July 3, 2023

Aboitiz says PPP to reduce risks, drive nuke energy development

By Alena Mae S. Flores – June 30, 2023, 8:20 pm from manilastandard.net The Aboitiz Group on Friday said private-public partnerships will reduce risks and drive the growth of of new technologies including nuclear energy in the country. “We understand […]
June 30, 2023

Basic to develop 155 MW wind farm in Panay

By Alena Mae S. Flores – June 29, 2023, 6:05 pm from manilastandard.net Listed Basic Energy Corp. is developing an onshore wind project in Panay with an estimated renewable capacity of at least 155 megawatts. Basic disclosed to the stock […]