Energy
Continued PH growth hinges on energy transformation
The Philippine economy stands at a pivotal moment, with the World Bank projecting a strong growth rate of 6 percent from 2024 to 2026. However, the nation, energy advocates say, faces considerable challenges, particularly in its energy sector, which could undermine economic progress.
ACEN lends P30M to Pagudpud Wind
ACEN Corp., the renewable energy arm of the Ayala Group, announced on Friday that it has entered into a short-term loan agreement with its subsidiary, Pagudpud Wind Power Corp., for P30 million.
ERC-approved TWG to investigate Cebu power line incident
The Energy Regulatory Commission (ERC) has approved the creation of a technical working group (TWG) to investigate the damage caused to the National Grid Corporation of the Philippines' (NGCP) transmission line in Cebu, a development with significant power supply and commercial activity implications in the region.
NPC to begin renewable energy procurement for off-grid plants in February
The National Power Corporation (NPC) on Thursday committed to begin the procurement phase of its accelerated hybridization plan (AHP) in the first two weeks of February 2025, marking a significant step toward integrating renewable energy (RE) into the state-run firm’s off-grid power plants.
21 RE projects qualify under GEA-3
The Department of Energy (DOE) on Wednesday announced that 21 renewable energy (RE) projects have qualified for the third round of the Green Energy Auction (GEA-3), signaling a significant shift in the nation’s energy landscape.
