Accounting considerations for the oil and gas sector as renewable energy adoption drives ESG reporting
Globally, more and more countries continue to increase their focus on developing renewable energy sources, both due to the increasing pressure from various stakeholders, as well as the acknowledgement of the clear and present danger posed by climate change. Because of this, environmental, social, and governance (ESG) reporting has become a top priority for most […]
ACEN’s Batangas coal plant to shift to clean technology
ACEN Corp., the energy platform of the Ayala Group, is set to pursue the Energy Transition Mechanism (ETM) to convert its 2×135-megawatt (MW) coal-fired power plant in Calaca, Batangas to cleaner technology.
Gov’t awards Liguasan marsh petrol service contract to SKLOGC
The government has signed a petroleum service contract on Wednesday, April 7, with SK Liguasan Oil and Gas Corporation (SKLOGC), officially signaling the latter’s entry for oil and gas exploration activities at Area 9 of the Liguasan marsh, located in the southern part of the Mindanao River basin.
Philippines: Hitachi lands EPC for AboitizPower-Scatec 20MW/20MWh BESS, targets 2024 online date
Philippines investor-owned utility AboitizPower and Norwegian renewables group Scatec have signed a EPC agreement with Hitachi Energy for it to build a 20MW/20MWh battery storage system, set to go online in 2024. The joint venture (JV) between the companies, SN Aboitiz Power Group (SNAP), has made the final investment decision on the battery energy storage […]
Scatec and AboitizPower JV make final investment decision for battery energy storage project in the Philippines
SN Aboitiz Power Group (SNAP), a joint venture between Scatec and AboitizPower, has made the final investment decision for the 20 MW battery energy storage system (BESS) project at the Magat hydropower plant in Ramon, Isabela in the Philippines.
72MW Solar farm hits full capacity
The 72 megawatts (MW) Arayat-Mexico solar farm of ACEN in Pampanga has reached its full energization last month, only less than a year after it broke ground.
Roque to push for nuke energy, natural gas
MANILA – UniTeam senatorial candidate Harry Roque supports nuclear energy to meet the country’s growing energy demand but is against reviving the Bataan nuclear power plant (BNPP) since it would put the people and the environment at risk.
Philippine EV law won’t make electric cars cheaper
Last week we got word that the finalized version of the electric vehicle bill has been sent to the Office of the President to be signed. Even if President Duterte doesn’t, it will become law unless he vetoes it.
