Energy & Mining

Alliance Global Group, Inc. (AGI) has formalized a partnership with First Gen Group to transition the power supply of its major properties and facilities across the country to renewable energy, marking a key step in the conglomerate’s sustainability and climate goals.

A prayer rally opposing the proposed joint venture between South Cotabato II Electric Cooperative (SOCOTECO II) and IGNITE Power drew only about 2,000 participants on Saturday, indicating limited resistance to the partnership.

The Manila Electric Co., the country’s largest power distributor by sales that is better known as Meralco, has placed its personnel on standby as heavy rains from the southwest monsoon threaten to cause power interruptions and other electricity service concerns across its franchise areas.

Singapore-based Levanta Renewables has reached financial close on its 166-megawatt peak solar power plant paired with an 80-megawatt-hour battery energy storage system in Barotac Viejo, Iloilo, sealing the ₱6.215-billion co-financing deal with Philippine National Bank during an August 5, 2026 ceremony at Makati Shangri-La.

Stakeholders including the Philippine Nickel Industry Association (PNIA) and the Department of Finance (DOF) have voiced strong optimism over the transformative economic promise of Executive Order (EO) 122, signed by President Ferdinand Marcos Jr. to establish a national framework for critical minerals.