Energy & Mining
ACEN net income soars 24% in 2024, driven by growth in renewable energy output
ACEN Corp. has reported a 24 percent increase in net income for the first nine months of 2024, reaching ₱8.14 billion, up from ₱6.6 billion in the same period last year.
Pampanga power supply to get boost with new mobile substation
Pampanga power supply services are set for improvement as Pampanga 2 Electric Cooperative (Pelco II), co-managed by Manila Electric Co. (Meralco), begins operations of its first-ever mobile substation in Mabalacat City.
IEMOP targets full commercial operations of RE market by year-end
The Independent Electricity Market Operator of the Philippines (IEMOP) is transitioning the renewable energy market (REM) to full commercial operations before the end of the year, potentially unlocking new benefits for renewable energy developers.
DOE finalizing energy roadmap with Saudi Arabia
The Department of Energy (DOE) is poised to finalize a collaborative energy roadmap with Saudi Arabia following a memorandum of understanding (MOU) signed last month.
DOE, Land Bank partner to streamline benefits for communities hosting energy projects
The Department of Energy (DOE) and the Land Bank of the Philippines have signed a memorandum of understanding (MOU) aimed at improving the distribution and utilization of funds for communities hosting energy projects, particularly those benefiting from the Energy Regulations (ER) 1-94 program.
