News

Vietnamese electric vehicle giant VinFast is optimistic about the growth potential in the Philippine market. In late February, it signed a Memorandum of Understanding (MOU) with Motech, an automotive service center.

The renewable energy sector in the Philippines has seen significant growth, with the Department of Energy (DOE) reporting a record high in installed capacity for 2024, exceeding the combined total of the past three years.

Sembcorp Industries announced on Jan. 31 that it has acquired 100% of the shares in Puente Al Sol for a total of SGD 105 million (about USD 77.6 million), marking its strategic entry into the highly competitive solar energy market in the Philippines.

The government has ambitious plans for renewable energy but coal power is still on the rise.

The Philippines ranked among the top two most attractive emerging markets in Bloomberg New Energy Finance (BNEF) latest climate survey.

To boost the integration of renewable energy into the grid, More Power in the Philippines has been authorized to establish a one-stop service center in Iloilo City, located in the central region of the country.

As the country continues to court foreign investment in clean energy, experts and activists worry that ordinary Filipinos will not see the benefits.

The Philippines is witnessing a surge in companies focused on promoting sustainable development, especially in the clean energy sector, where the number of startups has quintupled over the past four years. Most of these startups are concentrated in solar,

To build the world’s largest solar power project, Terra Solar, the Philippines' largest distribution company, Manila Electric Company (Meralco), established a strategic partnership with Actis of the UK on Sept. 6.

"The Philippines were ready to serve as the voice of the most vulnerable countries in the region and the world," Philippine Environment Secretary Toni Yulo-Loyzaga said on behalf of the president at the United Nations Framework Convention on Climate Chang