Energy & Mining
Alternergy secures GEA awards, fast-tracks expansion
Renewable power pioneer Alternergy Holdings Corp. has cleared a major regulatory hurdle after receiving all five Certificates of Award from the Department of Energy for the projects it won under the Green Energy Auction 4 program.
Cuyapo farmers cut costs, boost harvests with solar irrigation
Farmers in Cuyapo, Nueva Ecija are seeing immediate relief from high fuel costs and water shortages after receiving a solar-powered mobile irrigation system from Manila Electric Company (Meralco). The project helps farmers water their fields without using diesel, improving harvest quality and lowering expenses.
Another fuel price hike looms as global pressures drive costs up
Fuel prices are expected to go up again this Tuesday, marking the third straight week of increases. Gasoline prices may rise by ₱0.20 to ₱0.40 per liter, while diesel could increase by a much bigger ₱1.20 to ₱1.40 per liter. Kerosene prices may also climb by as much as ₱0.45 per liter, according to industry and government estimates.
BCDA, ACWA Power tie up for Clark solar farm
The Bases Conversion and Development Authority (BCDA) has tapped Saudi energy giant ACWA Power to drive a large-scale renewable energy push in New Clark City, a move aimed at securing clean, reliable, and affordable power for one of the Philippines’ flagship developments.
SP New Energy to rebrand as MGen Renewable Energy Holdings
SP New Energy Corp. (SPNEC) announced Thursday that its board has approved changing the company’s name to MGen Renewable Energy Holdings Inc., reflecting the integration of its majority owner, Meralco PowerGen Corp. (MGen), into its branding.
