AC Energy total output hits 1.8 GW in 2019
AC Energy Inc. registered an attributable capacity of 1.8 gigawatts (GW) from its power plants here and abroad as of end-2019 with the inclusion of more renewable energy (RE) facilities in its portfolio. In a statement on Monday, the firm reported attributable energy output climbed by 25 percent to 3,500 gigawatt hours (GWh) in the […]
EDC emerges as lone Phl company in global Carbon Clean 200 list
Lopez-led Energy Development Corporation (EDC), the country’s geothermal energy leader, has added another feather to its cap by emerging as the only Philippine company to make it to the list of the world’s 200 biggest publicly listed companies that draw significant revenues from clean energy. EDC’s inclusion in the list, called Carbon Clean 200™, provides another […]
Unlocking green finance through blockchain can help meet Singapore’s emissions goals
As a small island city-state vulnerable to climate shocks, Singapore has proactively embraced the fight against climate change. In his speech during the 2020 Budget debate at the end of February, Coordinating Minister for National Security Teo Chee Hean articulated Singapore’s long-term low-emission development strategy (LEDS). He announced the goal of capping Singapore’s greenhouse emissions by 2030, […]
ERC approves Meralco’s solar power supply deal
THE Energy Regulatory Commission (ERC) has approved the power supply agreement (PSA) jointly applied for by the country’s largest power distribution utility Manila Electric Co. (Meralco) and Solar Philippines Tanauan Corp. (SPTC). In its decision promulgated on Feb. 28, the commission said it had approved the applicable rate applied for by the two entities at P5.39 […]
ERC okays ₱5.39/kwh rate for Tanauan solar plant
The Energy Regulatory Commission (ERC) has extended final approval to the ₱5.39 per kilowatt hour (kwh) electricity rate that project developer-firm Solar Philippines has tendered in its 20-year power supply agreement (PSA) with Manila Electric Company. The regulatory body’s final nod on the pass-on rate of the solar facility is a follow-through to the provisional approval […]
Has cheaper energy come to the Philippines?
Filipinos pay the second-highest electricity prices in Asia. Thanks to a start-up, business consumers in the country are now able to receive competitive bids in real time from electricity suppliers. This has slashed their electricity costs by 10 per cent on average. Are households next?
AC Energy gets PCC go-signal to acquire Negros solar plant
MANILA, Philippines — The Philippine Competition Commission (PCC) has cleared the entry of AC Energy Philippines Inc. in another solar power plant in Negros Occidental. PCC approved AC Energy’s acquisition of the stake of Philippine Investment Alliance for Infrastructure (PINAI) investors in Negros Island Solar Power Inc. (Islasol), which owns and operates an 80 megawatt solar […]
Next-generation coalition invites government and business leaders to champion energy transition
A next-generation coalition of youth, local governments, business start-ups, and healthcare professionals laid out today their principles and demands for a responsive and inclusive energy transition in the Philippines. The OurEnergy 2030 coalition (www.ourenergy2030.org) is calling on government and business leaders to drive forward the Philippines’ bold path towards justly and effectively transitioning our energy […]
