Energy & Mining
ACEN lands green energy deal with Shangri-La Tower
ACEN Corp. retail electricity arm ACEN Renewable Energy Solutions (ACEN RES) has secured a new contract with St. Francis Shangri-La Place to supply the luxury residential tower’s common areas with renewable energy sourced from its portfolio of solar, wind, and geothermal power plants.
First Gen takes control of Pi Energy for ₱1B
First Gen Corp., a major power producer under the Lopez-led First Philippine Holdings (FPH) group, has acquired full ownership of Pi Energy Inc. for ₱1.006 billion.
Fuel prices climb sharply amid global oil market optimism
The various fuel retailers are set to implement significant price increases on Tuesday, with gasoline and kerosene rising by ₱1.20 per liter, and diesel surging by ₱1.70 per liter, marking a notable reversal after two weeks of rollbacks.
Electricity sales rise lifts Repower 1Q earnings
Repower Energy Development Corp. (REDC), a run-of-river hydropower developer, posted a 32 percent year-on-year increase in net income to P92.5 million in the first quarter, driven by higher energy sales.
Higher electricity sales power 8% profit rise for CREC
Citicore Renewable Energy Corp. (CREC) reported an 8 percent increase in net income for the first quarter of 2025, rising to ₱230 million from ₱213 million last year, buoyed by a sharp uptick in electricity sales.
