Power Philippines | News updates and features about the power …
WEBLegislators urge DOE and ERC to improve grid access for power plants. Two lawmakers are calling on the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to guarantee that power plants remain connected to the.. Business. 6 Sep.
DOE optimistic about P1.35T investments, with RE leading the way
WEB1 day ago · on September 19, 2024 at 1:31 pm. The Department of Energy (DOE) is optimistic about the Board of Investments’ (BOI) recent report, which reveals that investment inflows in the country have reached Php 1.35 trillion since January, surpassing last year’s Php 1.26 trillion. The energy sector’s contribution, accounting for Php 1.29 trillion ...
New Energy: PH has gaps in funding, support for clean energy …
WEB1 day ago · on September 19, 2024 at 11:25 am. New Energy Nexus (NEX), an international clean energy nonprofit, reports that the Philippines is facing significant financial and infrastructure gaps in supporting clean energy and climate-focused startups. In a report by Philippine Star, NEX said that although climate-focused ventures surged from 15 …
Optimism grows for Philippine IPOs with focus on RE
WEB2 days ago · on September 18, 2024 at 1:46 pm. Optimism continues to surround the Southeast Asian initial public offering (IPO) market, focusing on renewable energy (RE) listings that are boosting the Philippine IPO landscape. In a report by Philippine Star, ASEAN Exchanges said that investor wariness remained high …
CREC: 13 projects given national significance certification
WEB3 days ago · on September 17, 2024 at 4:59 pm. Citicore Renewable Energy Corporation (CREC)’s 800 megawatts (MW) worth of renewable energy (RE) initiatives have been considered as ‘energy projects of national significance’ by the Department of Energy (DOE). “The recognition of our 13 projects underscores the importance placed by the government in ...
IPC group expands to the PH with Laguna wind project
WEB3 days ago · Power Philippines News. on September 17, 2024 at 12:03 pm. Vietnamese firm IPC E&C Philippines Corporation, an IPC Group subsidiary, has secured a contract to install wind turbines for a 100-megawatt (MW) onshore wind farm in Laguna. In a report by Inquirer, IPC E&C Philippines announced that it will partner with Goldwind International ...
News - Power Philippines
WEBMERALCO increases stake in SPNEC. MERALCO PowerGen Corp. (MGen), a fully owned subsidiary of Manila Electric Co. (MERALCO), is set to increase its shareholding in SP New Energy Corp. (SPNEC).. Business. 5 Sep.
DOE eyes 3,309MW capacity boost in 2024 | Power Philippines
WEBon February 14, 2024 at 1:50 pm. The Department of Energy (DOE) anticipates a significant capacity addition of 3,309 megawatts in the country this year, including 334 megawatts from battery energy storage systems (BESS). Primarily, the Luzon grid will witness a surge in renewable energy (RE) technologies, dominated by solar farm projects at ...
PH considers securing P31 trillion renewable energy investments …
WEBon June 5, 2024 at 12:45 pm. To support the country’s goal of transitioning to cleaner energy, the Philippines is eyeing to secure almost Php 31 trillion in renewable energy (RE) investments by 2040. Philippine Star reported that in a forum yesterday, Energy Undersecretary Rowena Cristina Guevara said that the Philippines needed around Php 20 ...
IRENA: Ph RE capacity up 9% in 2021 - Power Philippines
WEBApr 20, 2022 · The Philippines’ estimated renewable energy (RE) capacity went up by nine percent to 7,617 megawatts (MW) in 2021 from 6,986MW in 2020, according to a report by the International Renewable Energy Agency (IRENA). Bioenergy had the biggest increase with 314MW in new capacity, resulting in a total of 827MW from 513MW previously.