Japanese general contractor Taisei Corp. took a 25 percent stake in PetroGreen Energy Corp., a renewable energy subsidiary of the Yuchengco Group's Rizal Green Energy Corp.
PXP Energy Corp., a listed upstream oil and gas company, said Wednesday it will pursue the development of natural gas prospects around Cebu as well as assess other oil and gas projects within the country as territorial dispute in the West Philippine Sea prevents it from pursuing exploration and drilling activities in the area.
Philippine Manufacturing Co. of Murata Inc. (PMM) renewed its agreement with clean energy provider First Gen Corp. for the supply of renewable electricity for its production facility. The supply deal is aligned with the commitment of the Japan-based electronics giant to shift electricity used in all its factories and offices around the world to 100 percent renewable energy by 2050.
State-run firm Philippine National Oil Co. (PNOC) has partnered with Windstream Energy Technologies India Pvt. Ltd. in pursuit of a hybrid renewable energy system involving wind and solar power.