Power News

November 16, 2024

CREC benefits from robust power sales

By Lisbet K. Esmael – 02:37 PM November 15, 2024 from @lisbetesmael / @inquirerdotnet / Philippine Daily Inquirer Construction magnate Edgar Saavedra-led firm Citicore Renewable Energy Corp. (CREC) posted a 6-percent increase in its bottom line reaching P756 million, with […]
November 16, 2024

PetroEnergy profits dip despite renewable energy boost

By Gabriell Christel Galang – Nov 15, 2024 03:46 PM from Manila Bulletin Yuchengco-led Petro Energy Resources Corporation (PERC) reported lower net income growth despite higher electricity sales during the first nine months of 2024. In a disclosure to the […]
November 16, 2024

Canada, France offer nuclear support to Philippines

By Gabriell Christel Galang – Nov 14, 2024 04:53 PM from Manila Bulletin The governments of Canada and France have expressed their interest in providing support and expertise to help boost the Philippines’ nuclear energy ambitions. The Department of Energy […]
November 15, 2024

Vivant profit drops sans one-time gain

By Lenie Lectura – November 14, 2024 from Business Mirror Cebu-based energy and water firm Vivant Corp. ended the nine months of the year with a net income of P1.7 billion, slightly lower than the P2 billion it posted at […]
November 15, 2024

NGCP to implement over P600 billion in transmission projects

By Gabriell Christel Galang – Nov 14, 2024 03:24 PM from Manila Bulletin Transmission service provider National Grid Corporation of the Philippines (NGCP) has reported that there are more than 100 projects under the Transmission Development Plan (TDP) that will […]
November 15, 2024

DOE opens third round of Green Energy Auction

By Alena Mae S. Flores – November 14, 2024, 8:20 pm from manilastandard.net The Department of Energy (DOE) said Thursday it issued the notice of auction (NOA) and terms of reference (TOR) for the third round of the Green Energy […]
November 14, 2024

Philippines eyeing natural gas tie-up with Norway

By Brix Lelis – November 13, 2024 | 12:00am from The Philippine Star Speaking at the 2024 Norway-Philippines LNG Summit on Monday, Energy Secretary Raphael Lotilla said Norway, which has a huge interest in shipping, is a “natural ally of […]
November 14, 2024

BoI cites need to de-risk RE investment via financing

By Justine Irish D. Tabile – November 12, 2024 | 8:54 pm from Business World WORLDBANK.ORG THE Board of Investments (BoI) said re newable energy (RE) investments need to be de-risked by providing financing options and supportive policy in order […]
November 14, 2024

Palau lifts Alternergy first quarter earnings

By Maria Bernadette Romero – 12 Nov 2024, 02:53 from Daily Tribune Photo courtesy of Alternergy The commercialization of the Palau Solar PV + Battery Energy Storage System Project has driven a significant surge in revenue for Alternergy Holdings Corp., […]
November 13, 2024

Trinasolar wins two-gigawatt solar contract with Citicore

By Gabriell Christel Galang – Nov 12, 2024 05:39 PM from Manila Bulletin Renewable energy developer Citicore Renewable Energy Corporation (CREC) has signed a two-gigawatt (GW) solar module supply contract with leading smart PV and energy storage solutions provider Trinasolar […]