May 7, 2024

Semirara’s profit declined 28% in 3 months on weaker market prices

By Alena Mae S. Flores – May 6, 2024, 9:50 pm from manilastandard.net Semirara Mining and Power Corp. (SMPC) said Monday its net income fell 28 percent in the first quarter of 2024 to P6.5 billion from P9 billion a […]
May 7, 2024

REDC vows to expand RE portfolio in 2024 as part of long-term strategy

By Alena Mae S. Flores – May 6, 2024, 9:35 pm from manilastandard.net Repower Energy Development Corp. (REDC). said Monday its net income reached P172.8 million in 2023, up nearly 3 percent from P168 million in 2022 following the commissioning […]
May 6, 2024

Gov’t issues 92 offshore wind contracts amid strong interest from local, foreign firms

By Alena Mae S. Flores – May 5, 2024, 7:55 pm from manilastandard.net The Department of Energy (DOE) said it issued 92 offshore wind service contracts with potential capacity of 65.049 gigawatts as of March 25, 2024, reflecting the strong […]
May 4, 2024

Group: ERC order may destabilize power market

By Manila Standard Business – May 3, 2024, 9:35 pm from manilastandard.net Partners for Affordable & Reliable Energy (PARE), a group that advocates for pro-consumer solutions to address energy needs, said it welcomes the decision by the Energy Regulatory Commission […]