Energy
ACEN inks deal for pioneering coal-to-clean energy initiative
ACEN Corp., the listed energy platform of the Ayala Group, said Tuesday it has partnered with The Rockefeller Foundation’s Coal to Clean Credit Initiative and the Monetary Authority of Singapore to explore a major step towards accelerating the phase out of coal plants in line with the Paris Agreement.
Gasoline, kerosene prices up as cost of diesel drops
The various fuel retailers have raised the price of their gasoline products but cut the cost of diesel and kerosene.
Copenhagen targets $3B for emerging market greenfield renewables fund
Danish investment firm Copenhagen Infrastructure Partners is looking to raise $3 billion for a new fund focused on building renewable energy projects from scratch in emerging and middle-income countries, the heads of the fund told Reuters.
DOE all set for greater investor participation in green energy
The Department of Energy (DOE) is sanguine that geography and reputation will help drive investments in the energy sector, more so now when the Philippines ranked high in the BloombergNEF Climate 2023 report as among the most attractive emerging markets for investments in the power sector.
Meralco may be facing new round of rate refunds
A former top official of the Energy Regulatory Commission (ERC) claimed the Manila Electric Co. (Meralco) may cough up or regurgitate as much as P150 billion in customer refunds on top of automatic rate reductions based on a re-computation of its weighted average cost of capital (WACC).
