Power News

August 23, 2024

MGreen signs deal to take 50% stake in Bugallon solar project

By Alena Mae S. Flores – August 22, 2024, 8:15 pm from manilastandard.net MGen Renewable Energy Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corp. (MGen), signed an investment agreement with Vena Energy (Vena) to jointly develop, construct and […]
August 22, 2024

TransCo seeks nod of ERC for higher FIT-All rate in 2025

By Lenie Lectura – August 22, 2024 from Business Mirror The National Transmission Corp. (TransCo) is seeking the approval of the Energy Regulatory Commission (ERC) for the implementation of a feed-in-tariff allowance (FIT-All) rate of P0.1006 per kilowatt hour (kWh) […]
August 22, 2024

Switch to renewable energy: A first step to sustainability

ACEN RES gathers 350 business leaders for “Resurgence,” an event focused on sustainability and business BY MB Business – Aug 21, 2024 03:19 PM The concept of “sustainability” has been gaining a lot of attention in recent years and continuous discussion […]
August 21, 2024

Meralco to hold auction for 1,000-MW baseload supply

By Lenie Lectura – August 21, 2024 from Business Mirror The Manila Electric Co. (Meralco) said Tuesday it will resume the competitive selection process (CSP) for its 1,000-megawatt (MW) supply requirement. In a bid bulletin for the CSP of 600 […]
August 21, 2024

Citicore eyes fresh BDO financing

By Alena Mae S. Flores – August 20, 2024, 7:25 pm from manilastandard.net Citicore Renewable Energy Corp. (CREC), an affiliate company of Megawide Construction Corp., plans to tap BDO Unibank Inc. (BDO) for additional funding requirements as it embarks on […]
August 21, 2024

BOI green lane for Mabini solar power plant

BY Manila Bulletin – Aug 20, 2024 03:28 PM The Board of Investments (BOI) has granted its green lane certificate to a ground-mounted solar farm in Mabini, Pangasinan. In a statement, the BOI said on Tuesday, Aug. 20, that the […]
August 20, 2024

Credit metrics of San Miguel energy unit seen improving

By Lenie Lectura – August 20, 2024 from Business Mirror Financial research firm CreditSights said it looks forward to “better credit metrics” for San Miguel Global Power Holdings Corp. (SMGP) through the second half of the year, citing the power […]
August 20, 2024

ACEN to put up floating solar projects at Laguna Lake with 420-MW capacity

By Alena Mae S. Flores – August 19, 2024, 8:20 pm from manilastandard.net ACEN Corp. said Monday its two subsidiaries will put up floating solar projects in Laguna Lake with a combined capacity of 420 megawatts. ACEN’s AC Subic Solar […]
August 20, 2024

FDC Green Energy breaks ground for Misamis solar project

By Alena Mae S. Flores – August 19, 2024, 7:30 pm from manilastandard.net FDC Green Energy Corp., a subsidiary of FDC Utilities Inc., broke ground for its 20.75-megawatt Misamis Solar Power Project with an estimated cost of P700 million. “This […]
August 19, 2024

Meralco eyes bigger stake in solar firm SPNEC

By Alena Mae S. Flores – August 18, 2024, 7:35 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) is willing to take a bigger stake in SP New Energy Corp. (SPNEC), the developer of the largest single-site solar project […]