September 10, 2021

Ayala energy unit to invest fresh capital in RE projects

BY LENIE LECTURA – SEPTEMBER 9, 2021 from Business Mirror AC Energy’s GigaSol Palauig solar farm in Zambales. AC Energy Corp. (ACEN), the energy arm of Ayala Corp., has raised nearly $1 billion in fresh capital this year, which it […]
September 10, 2021

DOE moves to hike renewables share

BY LENIE LECTURA – SEPTEMBER 9, 2021 from Business Mirror 1 The Department of Energy (DOE) is formally adopting the recommendation of the National Renewable Energy Board (NREB) to increase the minimum level of electricity contracted from renewable energy (RE) […]
September 10, 2021

Power contingency measures pushed

By Myrna M. Velasco – September 9, 2021, 5:53 PM from Manila Bulletin After massive power interruptions that affected more than 1.5 million Filipino customers as an aftermath of tropical storm Jolina, Energy Secretary Alfonso G. Cusi is calling on […]
September 9, 2021

SMC Global Power to offer $100-M perpetual securities

BY LENIE LECTURA – SEPTEMBER 8, 2021 from Business Mirror SMC Global Power Holdings Corp. (SMCGP) is raising $100 million from the issuance of additional senior perpetual capital securities to finance its proposed 1,313 megawatt (MW) combined cycle power plant […]