Energy & Mining
P10.07B risk-mitigating fund set to reenergize geothermal sector
The National Geothermal Association of the Philippines (NGAP) expressed strong optimism for the future of local renewable energy following the approval of the ₱10.07 billion Philippine Geothermal Resource De-Risking Facility (PGRDF) by the Economy and Development Council. The landmark fund specifically targets high upfront exploration and initial drilling costs, which have historically acted as barrier to greenfield geothermal projects. By absorbing a portion of the financial uncertainties, the facility targets unlocking vital indigenous baseload energy, reduce the country's reliance on imported fuels, and bolster long-term energy security.
Aboitiz Power unit supplies 2 MW renewable energy to China Bank in Mega Manila
Aboitiz Power Corporation’s retail electricity supply arm AdventEnergy has secured a deal with China Banking Corporation to provide clean power to over 30 percent of the bank’s branch network across Bulacan, Cavite, Laguna and Metro Manila.
Meralco on standby for power issues amid super typhoon threat
The Manila Electric Company (Meralco) has assured customers its teams are fully prepared to respond to any power outages caused by Super Typhoon Inday (international name Bavi) and the intensified southwest monsoon.
Berde locks in solar, battery deal to power expansion
Green energy developer Berde Renewables is ramping up its clean energy expansion with a major equipment supply agreement that secures 200 megawatts of solar capacity and 500 megawatt-hours of battery storage, strengthening its pipeline of commercial and industrial projects in the Philippines and Thailand.
DOE prepares power distributors for nuclear energy integration, unveils tender plan
The Department of Energy (DOE) is building the capacity of distribution utilities (DUs) to support the future addition of nuclear power to the country’s energy mix, as outlined in the Philippine Energy Plan 2023–2050.
