Energy & Mining
Basic Energy, RENOVA seal joint development deal for Mabini Wind Project
Listed firm Basic Energy Corp. and RENOVA Inc. have completed the Joint Development and Shareholders’ Agreement, marking a key milestone in their partnership for RDG Wind Energy Corp. This agreement follows Basic’s fulfillment of the stipulated conditions precedent and includes minor amendments to clarify equity allocation between the two companies.
Aboitiz affiliate’s solar project set for scoping in Negros Occidental
Aboitiz Power Corp.’s renewable energy arm is moving forward with a major solar initiative in Negros Occidental, which will significantly bolster the country’s green energy sector.
NGCP secures ERC approval for P5B transmission projects
The Energy Regulatory Commission (ERC) has greenlit four significant transmission projects by the National Grid Corporation of the Philippines (NGCP), totaling over P5 billion.
Meralco reports modest growth sales in January
Meralco in January reported a modest 0.4 percent sales growth totaling 4,061 gigawatt hours (GWh) versus only 4,045 GWh in January last year.
Anjo World theme park goes green with First Gen
Cebu-based Belmont Group, owner of the largest theme park in Visayas and Mindanao, has taken a major step toward sustainability with the signing of an agreement with First Gen Corporation for renewable energy (RE) supply. This deal, completed on 13 February 2025, will see First Gen provide 750 kilowatts of geothermal electricity to Belmont One, the mixed-use commercial complex in Minglanilla, Cebu.
