News

News

Philippines

October 06, 2023

Alternergy taps 3 banks to raise P12 billion for wind projects

Alternergy has mandated 3 investment banks to facilitate the raising P12 billion for 2 wind projects, which is expected to be the largest financing deal of the company.
October 05, 2023

Philippines' EDC to pour $1 billion into geothermal energy storage

Philippines' Energy Development Corporation (EDC), a renewable energy subsidiary of conglomerate Lopez Group, adds 3 geothermal sites to deploy battery energy storage system (BESS).
September 18, 2023

ACEN forms new partnership for renewable energy project in Indonesia

ACEN announced that its subsidiary had agreed with Indonesian company to explore potential renewable energy projects in Indonesia.
September 06, 2023

Floating solar projects in Philippines’ largest inland lake to supply 1,800MW of power

The power-hungry Luzon grid, which supplies electricity to the National Capital Region of the Philippines, will receive additional supply from three floating solar farms in Laguna Lake within two years.
September 04, 2023

Philippines to auction off 8GW power capacity in push for green energy

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.
August 31, 2023

Philippines EV Summit expands in 2023 with wider adoption across the country

Philippines’s EV Summit will be held in October as more car buyers are switching to electric vehicles. Public and private sectors have also been working to make charging stations more conveniently accessible to EV owners.
August 30, 2023

McDonald’s Philippines says 25 stores now powered by rooftop solar

McDonald’s announced that 25 of its stores in the Philippines are now installed rooftop solar power. The company expected to save around 546,000 kW of electricity annually.
August 29, 2023

Palawan-Mindoro interconnection project gets greenlit to expand national grid

Philippine President has given the green light to the inter-island connection project between Palawan and Mindoro Islands. This potential project is seen as a pivotal move towards bolstering the capacity of the national grid.
August 28, 2023

ACEN seals joint venture with Ib vogt for solar projects in Asia

ACEN and Ib vog, a solar developer based in Singapore, have recived regulatory approvals to jointly establish a platform for financing large-scale solar power projects across Asia.
August 24, 2023

Posco to co-build nickel plant for EV batteries in the Philippines

South Korean battery materials maker Posco Future M has agreed to form a joint venture with a subsidiary of Philippine's MC Group to produce raw materials for EV battery cathodes. The country is said to have the world’s second-largest nickel reserves afte
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