DOE backs carbon markets to fund clean energy shift
The Department of Energy (DOE) on Thursday said that efforts to reduce carbon emissions need not come at the cost of economic growth. Energy Secretary Sharon Garin, through a speech delivered by Undersecretary Felix William Fuentebella at a Makati forum, said decarbonization and development should be seen as complementary goals.
ACEN backs subsidiary with P900M for wind power
ACEN Corp., the energy arm of Ayala Corp., has extended a P900 million loan to its subsidiary, Giga Ace 6 Inc., to support the development of a major wind power project in Quezon and Laguna.
SRA acts on molasses glut, warns of sugar shortfall
The Sugar Regulatory Administration (SRA) has temporarily suspended molasses importation, citing the need to support local producers and address declining domestic prices and unutilized local stocks.
NGCP works on Cebu outages, prepares for TS Paolo
The National Grid Corporation of the Philippines (NGCP) continues restoration efforts following the recent earthquake in Cebu, with only one power plant in the Visayas still on forced outage as of 2 p.m. Thursday, affecting 169 MW of capacity.
Ayala, Honda shift dealer operations strategy
ACMobility, the mobility solutions arm Ayala Corp., and Honda Cars Philippines, Inc. (HCPI) announced the upcoming transition of their dealer operations, effective January 1 next year.
