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ACEN Corp., the energy arm of Philippine conglomerate Ayala Corp., anticipates investing $15 billion to expand its renewable power generation capacity to 20,000 MW by 2030.

The Philippines would need 52.83 GW of renewable energy capacity by 2040, following the Department of Energy (DOE)’s increase of the renewable portfolio standard (RPS) to 2.52%.

Training projects are benefiting the renewable energy sectors of Belt and Road countries. In the autumn of 2023, 18 Filipino students, with ages ranging from 17 to 22, came to China to start a course in “new energy engineering”.

Citicore Renewable Energy held a ceremonial groundbreaking for a 240 MW solar power project on 24. This marks the company's dedication to promoting sustainable energy in the Philippines.

Security Bank has partnered with climate fintech firm Helios to enhance access to clean energy for Filipino homeowners. The two firms signed a memorandum of agreement last month to alleviate financial pressure on households facing increased power costs.

ACEN, a subsidiary of the Ayala Group, has collaborated with US-based BrightNight to construct 1 GW of renewable energy portfolio in the Philippines. The Philippine firm said the renewables portfolio will entail an investment of $1.2 billion over the next

The Philippine government is currently deliberating on how to implement carbon pricing, considering options between a carbon tax or an Emissions Trading System (ETS). The influential Makati Business Club (MBC) has publicly supported the latter and emphasi

Philippine energy company Energies PH's subsidiary, San Bernardino Ocean Power, has officially signed a contract with the UK maritime engineering group Inyanga Marine Energy. They plan to build Southeast Asia's first tidal power plant in the waters surrou

The announcement of the constructing of what will be “the largest solar project in the world” has now come from the Philippine Islands. The solar park, called Terra Solar, will have 3,400 to 3,500 MW of solar panels and 4,000 MWh of battery storage.

Filipino company Upgrade Energy Philippines (UGEP) is setting an ambitious goal of 700 MW for rooftop and ground-mounted solar installations across commercial and industrial (C&I) customers that it is planning to accomplish by 2028.