Php 4.13T of RE investments gain momentum via green lane certificate

Renewable energy (RE) projects are poised to remain a key driver of investments in the Philippines, with the Board of Investments (BOI) already processing 24 new applications under its expedited Green Lane initiative this year.
Addressing trade barriers key to unlocking USD 788M solar export market, investments

The Philippines can tap a USD 788.4-million export market for solar photovoltaic (PV) modules if it can address non-tariff barriers, according to the Philippine Exporters Confederation, Inc.
Maharlika open to financing nuclear power projects in PH

MANILA – The Maharlika Investment Corporation (MIC) on Tuesday expressed openness to invest in projects aimed at integrating nuclear energy into the country’s energy mix to lower power costs.
ADB, Ayala ink $100-M loan to develop EV ecosystem

THE ASIAN Development Bank (ADB) and Ayala Corp. have signed a $100-million (around P5.8-billion) financing deal to support the company’s efforts to develop an electric mobility (e-mobility) ecosystem in the Philippines.
Vietnam’s chemical giant Stavian invests $22 mln in manufacturing battery energy storage system

Vietnam’s chemical giant Stavian Group will invest $22 million in making battery energy storage system (BESS), in order to promote green and clean energy development and sustainable energy industrialization in the country.
Efforts to mobilise funds under ALCBT underway

Efforts are ongoing to create a regional platform to mobilise funds under the Asian Low Carbon Buildings Transition Project (ALCBT), according to German Embassy in Cambodia.
Cambodia spends USD2.69B on oil, gas imports in 2024

PHNOM PENH (XINHUA) – Cambodia’s imports of diesel fuel, petroleum oil, and gas increased by 12 per cent in 2024, according to a Ministry of Commerce report yesterday.
Philippines Secures $15 Billion Renewable Energy Deal With UAE’s Masdar

The Philippines is taking a significant step toward its energy transition goals with a landmark $15 billion agreement with Masdar, the United Arab Emirates’ state-owned renewable energy company. The deal aims to develop solar, wind, and battery energy storage systems across the Southeast Asian nation.