ACEN Corp. is committing up to ₱9.24 billion in financing to two wholly owned subsidiaries developing a large-scale battery energy storage system and a solar project in Zambales, strengthening the
Amid discussions on removing system loss charges from electricity bills, the Energy Regulatory Commission (ERC) announced that scrapping at least nontechnical losses is feasible. Nontechnical system losses stem from factors
ACEN Corp. is exploring potential renewable energy partnerships with future locators at the planned Pax Silica artificial intelligence (AI) hub in New Clark City, as the Ayala-led company underscores the
CITICORE Renewable Energy Corp. (CREC) has secured a ₱4.05-billion project finance loan from the Land Bank of the Philippines (LandBank) to fund the construction of two solar power projects with
A recent investigative report cast a spotlight on the Philippines’ renewable energy (RE) sector, noting that some of the country’s largest conglomerates have emerged as its key players. It argued
SP New Energy Corp. (SPNEC) has taken another step toward its planned merger with parent MGEN Renewable Energy Inc. (MGEN Renewables), approving a budget for the professional services needed to
In recent months, many Filipinos have been hit by electricity bill shock, a term used to describe unexpectedly high power bills that leave households scrambling to adjust their expenses. A
ACEN Corp. is ramping up investments in its renewable energy pipeline after extending up to ₱3.85 billion in short-term loans to two wholly owned subsidiaries developing major wind and battery
ACEN Corp. has extended up to ₱850 million in short-term loans to wholly owned subsidiary Palauig Solar 1 Inc. to support the development of a battery energy storage system (BESS)
Vena Group has reached financial close on a ₱2.7-billion solar project in Ilocos Norte, reinforcing Northern Luzon’s growing role as a focal point of the Philippines’ renewable energy expansion and