Energy
Precision Crestec extends clean energy deal with First Gen
Industrial printing leader Precision Crestec, Inc. has renewed its commitment to sustainability by extending its clean energy supply agreement with First Gen Corporation. Under the new deal, First Gen will provide 700 kilowatts of renewable energy (RE) to power Precision Crestec’s production facility in Pasig City, continuing a partnership that began in 2021.
Gasoline prices up, diesel and kerosene down amid global market uncertainty
Motorists are seeing mixed price adjustments at the pumps Monday, with gasoline prices rising while diesel and kerosene prices drop.
PSALM receives P473M bid for Maibarara property
The Power Sector Assets and Liabilities Management Corp. (PSALM) has received a P473.17 million bid for the privatization of the Maibarara property, a key energy asset located in Batangas and Laguna. The lone bidder, Maibarara Geothermal Inc. (MGI), met the minimum bid price during the auction held on 30 January.
Sembcorp taps into PH renewable energy market with P4.5B acquisition
Sembcorp Industries Ltd., a Singapore-based power generation project developer, is poised to expand its footprint in the local renewable energy sector through a strategic acquisition.
Domestic solar and storage industry poised for growth in 2025
The Philippine Solar and Storage Energy Alliance (PSSEA) is optimistic about the continued growth of solar and energy storage projects in the country, driven in part by the green energy auctions (GEA) organized by the Department of Energy (DOE). Given the third, fourth, and fifth rounds of the GEA this year, PSSEA president Jose Rafael Mendoza forecasts 2025 to be a pivotal year for the renewable energy sector.
