Energy & Mining

ACEN invests P1.15B in subsidiary for renewable energy projects

ACEN Corp., the energy arm of the Ayala Group, has signed a subscription agreement worth P1.15 billion with fully owned subsidiary Giga Ace 8 Inc. The investment covers common and preferred shares issued from Giga Ace 8’s unissued capital stock.

PCC flags power retail competition roadblock

Competition watchdogs are stepping up scrutiny of the Philippines’ retail electricity market after a new study found that market concentration, customer inertia, and structural barriers continue to limit competition despite ongoing power sector reforms.

Raslag secures ERC compliance for Pampanga solar plant

Local renewable energy firm Raslag Corp. has obtained a Certificate of Compliance from the Energy Regulatory Commission for its 36.646-megawatt solar facility in Magalang, Pampanga. Though it began operating in October 2024, the COC formally registers the plant and confirms it meets all regulatory requirements, granting it associated rights and privileges.

German firm secures P12.6B funding for Surigao solar-battery project

German renewable energy developer ib vogt has secured up to P12.6 billion in financing for its 320-megawatt solar and battery storage hybrid facility in...

DOE drafts fuel transition plan to cut reliance on imported fuel

The Department of Energy (DOE) has developed a new mechanism designed to reduce the country’s heavy dependence on imported fuel and petroleum products. Energy Secretary Sharon Garin explained that while the draft is complete, it will first undergo consultations with other government agencies and industry stakeholders before being finalized.

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