Energy
ERC sets reserve price for offshore wind auction
The Energy Regulatory Commission (ERC) has set the preliminary reserve price for the fifth round of the Green Energy Auction (GEA5) at P10.3859 per kilowatt-hour for fixed-bottom offshore wind projects.
ERC raises WESM secondary price cap limits
The Energy Regulatory Commission (ERC) has approved the upper limit of the secondary price cap (SPC) helping hold the Wholesale Electricity Spot Market (WESM) together, a mechanism meant to protect consumers from sharp price spikes.
Vena Energy secures $210M for Ilocos Norte solar project
Renewable energy developer Vena Energy has secured $210 million in financing for a 300-megawatt solar power project in Ilocos Norte, marking its first full international project financing in the Philippines.
Mixed fuel price changes seen this week
Fuel companies signal mixed price movements for petroleum products this week.
EverCore Energy Storage System debuts in the Philippines
SolisStorage has officially launched its EverCore Commercial and Industrial (C&I) energy storage system in the Philippines, marking a new step in the country’s clean energy development. The launch event was held in November at the Dusit Thani in Makati and was attended by industry leaders, partners, and customers.
