Basic Energy Corporation plans to spend as much as P1 billion in capital outlays for the remainder of 2026, marking a significant jump from the P100–P200 million recorded in 2025, when the firm only carried out pre-development work for its project pipeline. Chief executive officer Oscar de Venecia Jr. confirmed this during a recent event in Taguig City, noting that around P500 million has already been spent so far this year.
De Venecia explained funding will come from a mix of project financing and equity support linked to its majority owner, following standard debt-to-equity practices, though final figures remain under negotiation and cannot yet be disclosed.
The investment will go toward a broad portfolio of renewable energy initiatives: four solar facilities totaling 187.23 megawatts (MW) in Cadiz and San Carlos (Negros Occidental), Mariveles (Bataan), and Bolinao (Pangasinan); three wind projects adding up to 449.99 MW in Mabini and Balayan (Batangas), and across Iloilo and Antique; geothermal exploration in Iriga, Camarines Sur; and 50 MW battery storage systems each in San Carlos and Cadiz to support its Negros solar sites.
Part of the budget will also fund a joint initiative with AC Mobility, the Ayala Group’s mobility arm, to roll out 50–60 additional electric vehicle charging stations this year, with a goal of reaching 91 stations by early 2027. Beyond renewables and EV infrastructure, Basic Energy continues to hold interests in oil exploration and geothermal development, as well as electric vehicle fleet operations.
