Energy
Venture capital firm investing $10M in solar rooftop developer
The South East Clean Energy Fund II (SEACEF II) managed by venture capital firm Clime Capital of Singapore is investing up to USD10 million in local solar powerdeveloper UpgradeEnergy Philippines (UGEP).
PLDT, Smart and First Gen shift more Mindanao telco facilities to renewable energy
The country's leading integrated telco network PLDT Inc. (PLDT) and its wireless unit Smart Communications, Inc. (Smart) are expanding their partnership with the country's largest renewable energy (RE) producer, First Gen Corporation (First Gen) to switch six (6) network facilities in Mindanao to 100 percent RE.
BOC closes fuel station in Valenzuela selling smuggled gasoline
Customs officials at the Manila International Container Port (MICP) bared on Friday the closure of a gas refilling station in Valenzuela for allegedly selling millions of pesos worth of unmarked fuel.
ADB identifies 7 PH ports with potential as OSW power facilities
The Asian Development Bank has chosen to support seven port sites across the Philippines with the greatest potential for success as offshore wind (OSW) projects, enough to push ahead and begin the technical assistance phase of the development program.
Meralco unit MGreen grants P6.7 billion loan to SP New Energy; may swap it for shares
Manila Electric Co. said its wholly-owned subsidiary, MGen Renewable Energy Inc., has extended a P6.7 billion one-year loan to could provide with an 11.6 percent of SP New Energy Corp., a listed renewable energy company.
