Energy
ACEN, GenZero, Keppel in Transition Credits deal for South Luzon coal plant retirement
ACEN Corp., the renewable energy arm of the Ayala Group., said Monday it has signed a memorandum of understanding with GenZero and Keppel Ltd. to jointly explore transition credits for accelerating the retirement of the South Luzon Thermal Energy Corp. coal-fired power plant in Batangas and replace it with a clean energy dispatch facility.
First Gen supports Holcim’s renewable power needs
Leading building solutions provider Holcim Philippines has tapped First Gen Corporation (First Gen) for supply of electricity from a geothermal energy source to run Holcim’s Mindanao manufacturing plants in line with Holcim’s decarbonization direction.
ERC relents on genco pass on costs, signals consequent charge/unit rate adjustments
The Energy Regulatory Commission (ERC) on Thursday announced authorizing the Manila Electric Co. (Meralco) to collect on behalf of power generation companies or gencos so-called pass-on costs that have been denied the industry for some time, compelling some of the more heavily affected companies to seek prompt redress of their grievances.
Strict cost recovery limits financially painful for clean energy providers
First Gen Corp. on Wednesday urged regulators to act promptly on the cost recovery mechanism of power companies using imported liquefied natural gas (LNG), saying the dilly dallying is causing financial pain and sends signals that only discourages the entry of more investors.
Transmission issues compel SPNEC to seek award termination of 280-MW solar project
SP New Energy Corp. (SPNEC) has asked the Department of Energy (DOE) to terminate the notice of award extended the company's 280-megawatt Sta. Rosa solar project in Nueva Ecija under the first Green Energy Auction round or GEA-1.
