Energy & Mining
ERC leadership void delays GEA5, risks offshore wind progress and policy certainty
The Department of Energy (DOE) has warned that the fifth round of the Green Energy Auction (GEA5), which will include the country's first offshore wind (OSW) projects, may be delayed due to the ongoing leadership vacuum at the Energy Regulatory Commission (ERC).
Alternergy declares first cash dividend for common shares
Alternergy Holdings Corp. has declared its first cash dividend for holders of common shares since its initial public offering in March 2023, highlighting the listed renewable energy company’s growth and financial stability.
Platform uses AI to track solar installations nationwide
The Institute for Climate and Sustainable Cities (ICSC) has launched a free, publicly accessible web platform named SPECTRUM (Solar Power Estimation of Capacities and Tracking Using Machine Learning) to estimate and map rooftop solar installations across the Philippines.
IEMOP rejects claims of consumer impact from WESM defaults
The Independent Electricity Market Operator of the Philippines (IEMOP) clarified Tuesday that unpaid obligations in the Wholesale Electricity Spot Market (WESM) are not passed on to consumers, rejecting concerns of pricing malpractice and consumer burden.
Razon’s Prime Infra finalizes deal to buy 60% of First Gen gas units
First Gen Corp., the listed power generation arm of the Lopez Group, has finalized a deal to sell a 60 percent stake in its Batangas-based natural gas businesses to Prime Infrastructure Capital Inc., owned by tycoon Enrique Razon.
