9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
First Gen Corporation, the Lopez Group’s clean energy provider, reported a 12% decrease in its attributable recurring net income for 2024, falling to USD 245 million from USD 277 million in 2023.
The Department of Energy (DOE) has declared the third Green Energy Auction (GEA-3) a success, as bids from renewable energy developers exceeded 7,500 megawatts (MW)—far surpassing the 4,650 MW installation target. The
The Department of Energy has asked the help of the Bangko Sentral ng Pilipinas and multilateral lenders in securing concession financing for renewable energy projects, including pumped storage hydro, geothermal, and smart
The Department of Energy (DOE) says the government is aiming to acquire an initial USD 250 million for a Geothermal Resource De-risking Facility (GRDF), designed to cushion financial risks for power producers
Energy Development Corporation (EDC) is aiming to achieve an aggregate installed capacity of approximately 83 megawatts (MW) of clean and renewable energy by year-end. EDC corporate communications head Frances Ariola said that
Renewable energy (RE) stakeholders are urging the government to modify the auction design for various RE technologies, as they believe the current one-size-fits-all approach may deter potential investors. In a report by
First Gen Corporation is anticipating a significant boost in overall profits this 2024, driven by additional revenues from its geothermal assets that are now coming online. In a report by Manila Bulletin,
SM Investments Corporation (SMIC) is broadening its renewable energy initiatives by exploring and developing new geothermal energy sources. Philippine Star reported that SMIC, via its subsidiary Philippine Geothermal Production Co. Inc. (PGPC),
With proposed initiatives exceeding 1,000 megawatts (MW) over the next 15 years, Negros Occidental is set to experience a substantial increase in renewable energy (RE) projects, according to the Department of Energy
The Department of Energy (DOE) will be bidding out 20 pre-arranged locations, with a total renewable energy capacity of 247.98 megawatts (MW). A report by the Manila Standard revealed that the 20
