Power spot prices rise 10.1% in December
Electricity prices at the Wholesale Electricity Spot Market (WESM) rose by 10.1 percent in December, driven mainly by higher power demand in the Visayas and Mindanao, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed.
ABB powers PH’s first AI-ready hyperscale data center
ABB is supplying a full electrification system for VITRO Santa Rosa, the Philippines’ first AI-ready hyperscale data center, located in Laguna. The 50-megawatt facility is designed for high reliability, energy efficiency, and future AI growth, as the country becomes one of the world’s fastest-growing data center markets.
2GO upbeat on 2026 as logistics demand grows
2GO, one of the Philippines’ leading logistics companies, is optimistic about its outlook for 2026 as it continues to expand its freight, express delivery, and sea travel operations.
Rockwell returns to market with P10B bond offer
Rockwell Land Corp. is making a high-profile return to the domestic debt market, with the highest credit rating from Philippine Rating Service of PRS Aaa rating with a Stable Outlook, for its planned bond issuance of up to P10 billion. The PRS rating underscores the solid balance sheet and conservative financial profile of the listed property development arm of the Lopez Group.
Meralco draws strong interest for 200-MW project
Fifteen power generation companies have shown interest in Manila Electric Company’s (Meralco) bidding process to supply 200 megawatts (MW) of renewable energy as part of its Renewable Portfolio Standards (RPS) compliance.
