June 7, 2024

Climate Investment Funds backs PHL’s $500-million coal-to-RE transition plan

By Sheldeen Joy Talavera – June 5, 2024 | 8:44 pm from Business World PEXELS-PIXABAY   THE BOARD of the Climate Investment Funds (CIF) has endorsed a $500-million financing package that will support the Philippine transition from coal to renewable energy […]
May 24, 2024

Red, yellow alerts raised over Luzon, Visayas grids

By Sheldeen Joy Talavera – May 23, 2024 | 9:22 pm from Business World THE Luzon and Visayas power grids were placed on red and yellow alerts on Thursday with more than 3,000 megawatts (MW) of capacity unavailable, according to […]
May 23, 2024

ERC, BoI sign investment facilitation deal

By Sheldeen Joy Talavera – May 22, 2024 | 8:44 pm from Business World MOREPOWER.COM.PH THE Energy Regulatory Commission (ERC) and the Board of Investments (BoI) signed a memorandum of agreement (MoA) designed to facilitate investment via inter-agency collaboration. In […]
May 11, 2024

Philippine renewable share lags 30% global average

By Sheldeen Joy Talavera – May 9, 2024 | 9:26 pm from Business World THE PHILIPPINES generated 22% of its power from renewables in 2023, lagging the global average of 30%, according to think tank Ember. “The Philippines has not […]