Vivant Corp. is further expanding its renewable energy (RE) and water business footprints this year having posted a 43 percent surge in net income last year.
Renewable energy developer Solar Philippines, in joint venture with Medco Energi under PT Medcosolar Bali Timur, has obtained a loan from Bank Negara Indonesia (BNI) for the construction of a 25-megawatt (MW) solar farm in East Bali, Indonesia.
The Philippines needs to generate at least 52,826 megawatts from renewable energy (RE) sources between now and 2040 just to keep up with the Renewable Portfolio Standard (RPS), the Department of Energy (DOE) said.
The Manila Electric Co. (Meralco) said the cost of electricity in its franchise area will likely adjust lower in the April billing period ahead of an official announcement.
PetroWind Energy Inc., the renewable energy company of the Yuchengco Group, said Friday its Nabas wind power project in Aklan has started to export power from its Phase-2 expansion following requisite approvals from the Independent Energy Market Operator of the Philippines and the National Grid Corp. of the Philippines.