May 19, 2023

DOE releases guidelines on offshore wind development

By Alena Mae S. Flores – May 18, 2023, 9:00 pm from manilastandard.net The Department of Energy on Thursday released the implementing guidelines on Executive Order No. 21 which establishes the policy and administrative framework for offshore wind development. Under […]
May 19, 2023

ACEN to tap China Bank, MUFG for P8-billion credit facilities

By Alena Mae S. Flores – May 18, 2023, 8:10 pm from manilastandard.net ACEN Corp., the power generation arm of Ayala Corp., plans to avail of credit facilities totaling about P8 billion to finance its renewable energy projects. ACEN said […]
May 18, 2023

NGCP ‘ready’ to face grid operation critics

BY LENIE LECTURA – MAY 18, 2023 from Business Mirror THE National Grid Corp. of the Philippines (NGCP) said on Wednesday it has been compliant with its mandate to ensure that the country’s transmission assets are in optimal condition to […]
May 18, 2023

PetroEnergy’s Q1 income rose 35% to P340 million

By Alena Mae S. Flores – May 17, 2023, 9:05 pm from manilastandard.net PetroEnergy Resources Corp. said Wednesday first-quarter net income rose 35 percent to P340 million from P252 million in the same period last year, driven by the renewable […]