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.
This time, the competitive selection (CSP) process prefers awarding contracts in new areas and on those areas overlooked by proponents in the first round.
Clean energy provider First Gen Corporation has identified several areas around its hydroelectric power plant complex in Pantabangan, Nueva Ecija, which the Lopez-led power company considers potential sites for developing solar and wind farms, as well as a battery energy storage system (BESS).