Energy
ACEN, Rockefeller Foundation launch pilot project for funding of coal plants’ early retirement
ACEN Corp. and The Rockefeller Foundation have kicked off the pilot project under the first Coal to Clean Credit Initiative, an effort that could help the Philippines avoid up to 19 million tons of carbon dioxide emissions.
Basic Energy in partnership with Japan in Batangas wind project
Basic Energy Corp. forms half of the joint development and shareholder agreement with Japan's Renova Inc. to pursue a 50-megawatt wind power project in Batangas.
Luzon, Visayas grids still under alert status with 39 power plant units down
Both the Luzon and Visayas grids remain under yellow alert Thursday as 39 power plants were either under forced outage or de-rated in the absence of a total 2,667.3 megawatts worth of power.
SPNEC under MVP in 2023 posted profits reaching P5.7 billion
SP New Energy Corp. (SPNEC), the listed renewable energy company now chaired by Manuel V. Pangilinan, reported net income of P5.7 billion in 2023.
Luzon and the Visayas power grids placed under alert status as heat index rises
Both the Luzon and Visayas grids were placed under alert status on Tuesday after 39 power plant units were on forced outage or alternatively de-rated with a total capacity of 2,793.8 megawatts (MW).
