Energy & Mining

The Department of Energy (DOE) has awarded 6,680.887 MW of renewable energy capacity under the third Green Energy Auction (GEA 3), based on a 9 June 2025 filing disclosed Tuesday. Seven developers submitted 12 winning bids under the program, which offers fixed-rate incentives to developers bidding below the Energy Regulatory Commission’s (ERC) reserve price.

Local power firm S.I. Power Corp. (Sipcor) and the Department of Energy (DOE) are ramping up efforts to address the ongoing power crisis in Siquijor, which has led to rotational outages amid growing demand and insufficient supply.

Motorists will face higher fuel costs starting Tuesday as major and independent retailers implement across-the-board price hikes. Gasoline prices will increase by P0.60 per liter, diesel by P0.95, and kerosene by P0.30, marking the fourth straight week of increases for gasoline.

Filinvest-ENGIE Renewable Energy Enterprise Inc. (FREE), a joint venture between the Filinvest Group and ENGIE Services Philippines, has successfully completed a 3-megawatt-peak (MWp) solar rooftop installation for Nexperia Philippines, Inc. at its assembly and testing facility at the Light Industry and Science Park I.

Basic Energy Corp. said it has secured the Department of Energy has cleared the way for the pre-development of its planned solar venture in Bolinao, Pangasinan, following the issuance of a Certificate of Authority.