Energy & Mining
ACEN reports Q3 loss on impairment charges; 9-month profit stays strong
ACEN Corp. reported a net loss of P609 million in the third quarter of 2026 after booking provisions and impairment charges for wind and solar assets, even as stronger generation and contributions from new projects lifted consolidated net income for the first nine months by 84 percent to P3.3 billion.
Solid Group, Singaporean partner plan USD40M solar venture
Solid Group Inc. is teaming up with a Singapore-linked investment group to establish a USD40-million venture that will build and operate a Philippine factory producing solar photovoltaic cells and modules for export.
EcoSolar’s 22.5MW Capiz battery storage facility starts testing, to boost Visayas power supply
Yuchengco-led EcoSolar Energy Corp. (ESEC) announced that its 22.5 megawatt / 45 megawatt-hour Panitan Energy Storage Project in Capiz began testing and commissioning as a generation facility last week.
Apex Mining net income rises 40% to ₱7.61 billion in first nine months
Apex Mining Co. Inc. reported a 40 percent rise in its consolidated net income for the first nine months of 2026, reaching ₱7.61 billion from the ₱5.45 billion posted in the same period last year, the company announced Tuesday.
Meralco ensures steady power supply for 49th ASEAN Summit
Manila Electric Company (Meralco), led by Manuel V. Pangilinan, has put in place full preparations to guarantee reliable electricity service as the Philippines hosts the 49th Association of Southeast Asian Nations (ASEAN) Summit and Related Summits. The power distributor has placed crews and personnel on round-the-clock standby across its entire franchise area to address any service issues that may arise during the high-level gathering.
