News

Local governments in the Philippines are promoting green energy and sustainable development. The Iloilo City government has tapped solar power to meet at least one-third of its around 200 KW daily demand.

The Rockefeller Foundation collaborates with ACEN, a major Philippine energy player, using carbon financing for the early decommissioning and transition of a coal-fired power plant in the Philippines to renewable energy.

Water and sanitation company Manila Water has inked a 15-year solar power purchase agreement (PPA) with energy provider Ditrolic Energy Philippines.

Philippine Economic Zone Authority said on Nov. 3 that it has secured P20.6 billion (US$365 million) worth of investment leads and pledges from Taiwanese investors for developing green energy and sustainable enterprises.

Hydrogen is expected to play a crucial role in driving the green energy transition in the Philippines, although it will take some time before it becomes cost-effective, as analysts have noted.

Philippines' Energy Development Corporation (EDC), a renewable energy subsidiary of conglomerate Lopez Group, adds 3 geothermal sites to deploy battery energy storage system (BESS).

ACEN announced that its subsidiary had agreed with Indonesian company to explore potential renewable energy projects in Indonesia.

The Philippines will seek bids from renewable energy developers to install about 8 GW of geothermal and hydropower supply, in a new round of auctions for green power projects.

Citicore Renewable Energy Corp, one of the Philippines' leading solar power producers, has revealed plans to go public this year. It expects the share offering to contribute to a $4 billion investment in solar projects over the next five years.

The Global Wind Energy Council (GWEC) has published a new report saying that the Philippines is one of the emerging wind power markets in Asia, with a solid pipeline and possibilities for wind power projects.