The Department of Energy (DOE) has approved the acquisition deal between Prime Infrastructure Capital, Inc. and Shell Philippines Exploration B.V. (SPEX) on the latter’s 45-percent stake in the Malampaya Service Contract (SC) 38.

Pump prices of petroleum products are expected to be slashed for another round in the coming week, which could mark the fifth straight week of fuel price cuts.

The sharp depreciation of the peso against the dollar alongside higher charges at the Wholesale Electricity Spot Market (WESM) could raise Manila Electric Co. (Meralco)’s generation charge for October

The Marcos administration’s aspiration of ramping up the use of more indigenous and renewable energy (RE) in the Philippines got a big boost after the Department of Justice (DOJ) opined that investments in this sector are not subject to the Constitution’s foreign ownership restriction of 40 percent of businesses.

The government announced an increase on the minimum amount of renewable energy supplied to investors and end-users from 1 per cent to 2.5 per cent, in a bid to ramp up the country’s goal to reach 35 per cent clean energy by 2030.

Alternergy Holdings Corporation, which develops renewable energy projects across the Philippines, has won three service offshore wind project contracts. These projects are over Tablas Strait which separates Mindoro and Antique.

The UK Government’s Department for Business and Trade (DBT) and the Foreign, Commonwealth and Development Office (FCDO) of the British Embassy Manila, in coordination with the Department of Energy Security and Net Zero (DSENZ), hosted a Philippine delegation, led by the Department of Energy (DOE), for an offshore wind focussed strategic learning visit in the […]

The National Grid Corp. of the Philippines (NGCP) on Friday said the power supply is seen to be thin during the hot dry season months due to the expected uptick in demand.

The listed subsidiary of PV project developer Solar Philippines is planning to add a 3.5GW solar farm to its 500MW system already under construction on the Northern Filipino region of Luzon, which the company claims would make it the largest PV project in the world.

The Luzon International Premiere Airport Development Corporation (LIPAD), the private operator of Clark International Airport, has inked energy efficiency and facilities management contracts for the upkeep of the airport’s new terminal building.