Energy & Mining
Citicore Renewable net income more than doubles to P2.15B in 9 months
Citicore Renewable Energy Corp. (CREC) posted a 122-percent jump in consolidated net income to P2.15 billion for the first nine months of the year, rising from P966 million recorded in the same period last year, the company announced Thursday.
PH, Vietnam, Indonesia solar partnership to boost clean energy transition
The Asian Photovoltaic Industry Association (APVIA) is upbeat on wider solar energy use after groups from the Philippines, Indonesia and Vietnam launched a regional alliance at the 31st UN Climate Change Conference.
ACEN shifts from rapid expansion to execution, profitability
ACEN is tightening its investment pipeline, preparing to surrender some renewable energy service contracts, and reshuffling its leadership as it shifts from rapid expansion to improving project returns, operating efficiency, and profitability.
Shell Pilipinas narrows Jan-Sep net loss to P929M on Q3 profit
Shell Pilipinas Corporation narrowed its net loss to P929 million in the first nine months of 2026 from P2.7 billion at the end of the first half, as it returned to positive core earnings in the third quarter.
Indonesian sovereign wealth fund links up with Vena Global Group in renewable energy projects in PH and Indonesia
Indonesia’s sovereign wealth fund, Indonesia Investment Authority (INA), has entered a strategic partnership with global renewable energy developer Vena Global Group Pte. Ltd. to invest in a 2,800-megawatt portfolio of renewable energy projects spanning Indonesia and the Philippines, the firms announced Wednesday.
