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Global investors to continue to invest in renewable energy

MANILA, Philippines — Global debt and equity investors continue to pour in capital into the renewable energy sector, which is consistently providing investment opportunities despite the ongoing COVID-19 pandemic, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

Govt raises P257B from fuel-marking

The government generated more than P257 billion in duties and taxes through its fuel marking program, data released by the Department of Finance (DOF) on Monday showed.

Udenna unit ‘financially ready’ to operate Malampaya project

UDENNA Corp. subsidiary Malampaya Energy XP Pte Ltd. said it is financially prepared to operate the Malampaya project as its pending acquisition of shares in the gas field’s operator Shell Philippines Exploration B.V. (SPEx) was fully underwritten and funded through bank loans.

Rights awarded to offshore wind projects

The Department of Energy (DoE) on Monday said development rights were given to initial wind power projects in the Philippines.

Local firm promotes renewable energy in Mindanao for 13 years

CAGAYAN DE ORO CITY – A local company has been helping promote the use of renewable energy in Mindanao for more than a decade producing 2.508 megawatts (MW) of installed solar panels to power homes, offices, streetlights, and farms.

First LEED-certified home project in PH gets recognition from U.S. Green Building Council

Metro Manila (CNN Philippines, July 19) – The first house project in the country certified under the Leadership in Energy and Environmental Design standard has been recognized by the U.S. Green Building Council.

ABB to intensify offer of smart solutions to buildings, ‘smart cities’ in PH

European firm ABB will be intensifying its offer of ‘smart solutions’ to buildings and other property developments as well as the installation of “smart cities” in the Philippines

Ayala Land unit eyes geothermal power for green energy option – DoE

AYALA Land, Inc. subsidiary DirectPower Services, Inc. will be largely sourcing 360 megawatts (MW) of clean power from geothermal facilities for the government’s green energy option program (GEOP), the Energy department said last week.

PHL to harness wind energy resources

The Department of Energy (DOE) hopes to collaborate with the Carbon Trust and the Global Wind Energy Council to harness wind power to produce clean energy.

Co-ops: Supply issues caused higher power prices

THE PHILIPPINE Rural Electric Cooperatives Association, Inc. (Philreca) said that electricity rates rose in June due to supply issues and not the failure of electric cooperatives (ECs) to procure power through competitive bidding.