PLN to Build 210 MW Solar Projects for Amazon; First for Indonesia
MANILA – President Ferdinand R. Marcos Jr. has given his nod to the Department of Energy’s plan to explore and develop the country’s offshore wind (OSW) potential as a source of clean and sustainable energy, Malacañang announced Wednesday.
PLN to Build 210 MW Solar Projects for Amazon; First for Indonesia
San Miguel readies region’s largest battery energy storage system
Listed conglomerate San Miguel Corp. is offering battery energy storage system for about P2 to P3 per kilowatt-hour as part of its efforts to increase its portfolio of sustainable power supply solutions, its top executive said. Read more: https://business.inquirer.net/366132/san-miguel-readies-regions-largest-battery-energy-storage-system#ixzz7vL4OPkxb Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
Philippines raises minimum renewable energy capacity to 2.5% in power mix
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.
Foreigners can own 100% of renewable energy projects – DOJ
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.
ERC begins reset process for power transmission rates
The Energy Regulatory Commission (ERC) has begun the process of resetting transmission rates, one of the charges power distributors levy on electricity consumers. The ERC promulgated Resolution No. 08, Series of 2022, or the Amended Rules for Setting Transmission Wheeling Rates, to restore balance in transmission regulation. It jump-starts the rate reset process of the country’s sole […]
October power generation charges may rise due to weak peso
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
DOE OKs Prime Infra acquisition of Shell’s Malampaya stake
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.
