Energy & Mining
MCC grant boosts Philippine reforms, energy investment prospects
The Philippines has secured a USD60 million Threshold Program grant from the US Millennium Challenge Corp.
Alternergy powers up Tanay wind project ahead of launch
Alternergy Holdings Corp. has reached a major milestone in its flagship Tanay Wind Project, successfully energizing the transmission facilities that will connect the 128-megawatt renewable energy project to the Luzon grid, bringing commercial operations a step closer.
DOE pauses GEA-5 offshore wind auction
The Department of Energy (DOE) has suspended all activities for the fifth Green Energy Auction (GEA-5), which was set to award incentives for up to 3,300 megawatts of fixed-bottom offshore wind capacity.
P10.07B risk-mitigating fund set to reenergize geothermal sector
The National Geothermal Association of the Philippines (NGAP) expressed strong optimism for the future of local renewable energy following the approval of the ₱10.07 billion Philippine Geothermal Resource De-Risking Facility (PGRDF) by the Economy and Development Council. The landmark fund specifically targets high upfront exploration and initial drilling costs, which have historically acted as barrier to greenfield geothermal projects. By absorbing a portion of the financial uncertainties, the facility targets unlocking vital indigenous baseload energy, reduce the country's reliance on imported fuels, and bolster long-term energy security.
Aboitiz Power unit supplies 2 MW renewable energy to China Bank in Mega Manila
Aboitiz Power Corporation’s retail electricity supply arm AdventEnergy has secured a deal with China Banking Corporation to provide clean power to over 30 percent of the bank’s branch network across Bulacan, Cavite, Laguna and Metro Manila.
