Energy & Mining

Araneta City Inc., the developer behind the 35-hectare Araneta City complex in Cubao, Quezon City, has signed new agreements with leading renewable energy producer First Gen Group to power more of its properties with clean energy.

Public consultation for the proposed 13.5-megawatt expansion of the Palinpinon 1 geothermal facility in Valencia, Negros Oriental will be held on August 13, 2026, the Department of Environment and Natural Resources’ Environmental Management Bureau announced.

Berde Renewables has secured a major clean energy supply agreement that will strengthen its renewable energy pipeline in the Philippines and Thailand, signing a three-year partnership for 200 megawatts (MW) of solar inverters and 500 megawatt-hours (MWh) of battery energy storage systems.

ASEAN foreign ministers have warned that escalating tensions in the Middle East could disrupt trade, push up energy costs and strain regional supply chains, raising fresh concerns for businesses already navigating an uncertain global economy.

Former legislator Carlos Isagani Zarate of Bayan Muna on Tuesday criticized the Marcos administration's continued reliance on energy privatization and market liberalization, pointing to recent government data showing that the Philippines now has the highest power rates in Southeast Asia. Zarate argued that the country's staggering electricity costs are the direct result of neoliberal policies, particularly the Electric Power Industry Reform Act, which he said dismantled state control and handed public energy resources over to private corporations.