Aboitiz Renewables Inc. (ARI), through its wholly-owned subsidiary AP Renewable Energy Corp., has signed a P7.4 billion project finance deal with the Bank of the Philippine Islands to fund the engineering, construction, operation and maintenance of the 221-megawatt peak Olongapo solar power plant in Zambales.

MANILA, Philippines — The power venture between Yuchengco-led PetroGreen Energy Corp. (PGEC) and the Zobel family’s ACEN Corp. plans to invest up to P8.9 billion to expand the Maibarara geothermal complex in Luzon.

MANILA, Philippines — Lopez-led First Gen Corp. has renewed its clean energy supply deal with Unilever Philippines, continuing to power the latter’s seven facilities across Metro Manila, Cavite, Laguna and Batangas.

State-run National Power Corp. (NPC) welcomed its new president and chief executive Jericho Jonas Nograles, following his confirmation by the National Power Board and his oath of office before Department of Energy (DOE) Secretary Sharon Garin on Sept. 9.

The Energy Regulatory Commission (ERC) has given final approval to two power supply agreements (PSAs) for Manila Electric Co. (Meralco), with rates based on a competitive selection process.

The Securities and Exchange Commission (SEC) is urging energy companies to use sustainable finance instruments to attract global capital and support the country’s clean energy transition.

THE Energy Regulatory Commission (ERC) has approved Manila Electric Co.’s (Meralco) power supply agreements (PSAs) with San Miguel Global Power Corp. (SMGP) and ACEN Corp. at rates higher than the provisional P5.1908 per kilowatt-hour (kWh), securing 479 megawatts (MW) of renewable capacity but signaling higher costs for consumers.

VIVANT ENERGY CORP., the energy subsidiary of Cebu-based conglomerate Vivant Corp., acquired a 40% stake in Samal Solar Renewable Energy Corp. (SSREC), operator of a solar farm in Bataan, as part of its efforts to expand its renewable energy presence in Luzon.

MERALCO POWERGEN CORP. (MGen), the power generation arm of Manila Electric Co. (Meralco), and Korea Electric Power Corp. (KEPCO) are planning to expand their renewable energy (RE) partnership to help diversify the country’s energy portfolio.

True to its commitment that it would expedite the approval of power supply contracts that underwent competitive bidding, the Energy Regulatory Commission (ERC) has approved the power supply agreements (PSA) of the Manila Electric Co. (Meralco) with Gigasol3 Inc., and San Roque Hydropower Inc. (SRHI).