December 1, 2021

Covid stalls ‘cost subsidy reduction’ on RE rates

By Myrna M. Velasco – November 29, 2021, 5:41 PM from Manila Bulletin The financial affliction of the coronavirus pandemic, which triggered backlog in feed-in-tariff (FIT) payments to qualified renewable energy (RE) developers, is also seen to delay the reduction […]
November 23, 2021

ACEN completes 40MW wind farm project in Vietnam

By Myrna M. Velasco – November 22, 2021, 1:11 PM from Manila Bulletin Ayala-led AC Energy Corporation (ACEN) and its Singaporean partner The Blue Circle have completed another power project in Vietnam via their 40 megawatt (MW) Mui Ne wind […]
November 18, 2021

Moratorium on FIT interest extended

BY LENIE LECTURA – NOVEMBER 17, 2021 from Business Mirror The Energy Regulatory Commission (ERC) is extending for six months the suspension of the collection of interest on delayed feed-in-tariff (FIT) revenue owed by the government to eligible renewable energy […]
November 17, 2021

PetroEnergy income up 30% to P544 M

By Myrna M. Velasco – November 16, 2021, 5:30 PM from Manila Bulletin Yuchengco-led PetroEnergy Resources Corporation (PERC) said its nine-month net income increased by 30 percent to P544 million from P417 million in the same period last year. From […]