MANILA, May 20 (Xinhua) — Nine local and foreign investors are seeking clearance from the Department of Energy (DOE) of the Philippines for their targeted nomination service areas in petroleum blocks under the Philippine Conventional Energy Contracting Program (PCECP), the DOE said on Monday. To date, the DOE said 17 requests for the issuance of […]

A power manufacturer situated in South Korea is looking to fund a hydropower industry scheme in Central Java that would be the purchasers of coal first renewable energy partnership with Indonesia.  Korea South Power (KOSPO) is currently going through a practicality study to develop the 230-megawatt (MW) Maung hydropower industry in Banjarnegara, Central Java, having Indonesian […]

AUGUST 28 — Over the last few years, the climate crisis has risen to the top of the government and corporate agenda, with the call for urgent climate action heard loud and clear around the world. However, the Covid-19 pandemic has shifted the focus globally to the pressing issue at hand.

KUCHING: Chief Minister Datuk Patinggi Abang Johari Tun Openg has defended the state’s hydrogen economy initiatives during the State Legislative Assembly (DUN) sitting today. Speaking during his ministerial winding up speech, Abang Johari said the Gabungan Parti Sarawak (GPS) government has taken bold steps to promote clean energy industry by exploring the hydrogen economy, diversifying […]

The international investment subsidiary of Aboitiz Power Corporation has abandoned its planned $46 million wind power acquisition in Vietnam due to snags in the completion of deliverables of the relevant parties as set on prescribed deadline dates.

MANILA, Philippines — Aboitiz Power Corp. said it remains on track to more than double its capacity by 2030 despite the negative impact of the COVID-19 pandemic on the power sector.

MANILA — AboitizPower remains keen on investment opportunities outside the Philippines, its Chief Operating Officer Emmanuel Rubio said Tuesday. Rubio told reporters that the company is still looking for investment opportunities in the power generation business in Southeast Asian countries such as Indonesia, Myanmar, and Vietnam. He said AboitizPower is currently doing feasibility studies and […]

MANILA, Philippines — Aboitiz Power Corp. has inked a $300-million facility agreement with four foreign banks to partially finance its acquisition in AC Energy Inc.’s thermal platform. In a disclosure to the Philippine Stock Exchange yesterday, AboitizPower said it signed a facility agreement with DBS Bank Ltd., Mizuho Bank Ltd., MUFG Bank Ltd., and Standard […]

MANILA, Philippines — AC Energy Philippines Inc. has cleared financing for its solar and wind projects worth P10 billion, slated for construction early next year.

January 25 (Renewables Now) – AC Energy Philippines (PSE:ACEN) has acquired a 97.6% stake in a subsidiary of solar and battery storage supplier Solar Philippines Power Project Holdings Inc, namely Solar Philippines Central Luzon Corp (SPCLC).