Energy & Mining
Ayala solar JV in Pampanga gets ₱2.59-B loan from DBP
ACEN Corp. and its partners developing the 115.7-MW Arayat-Mexico solar farm in Pampanga have secured a ₱2.59-billion loan from the Development Bank of the Philippines. The loan agreement was signed on Thursday, ACEN said in a disclosure.
ACEN injects P859M into affiliate to settle loan, boost solar project
ACEN Corp. has subscribed to additional shares of affiliate Greencore Power Solutions 3 Inc. for a total of P859.12 million, the company told the Philippine Stock Exchange.
Power tax break bill sparks broad business backing
Four of the country’s most influential business groups have thrown their collective support behind a proposed measure that would exempt electricity sales from the value-added tax (VAT), framing it as a decisive step toward reducing one of the Philippines’ most persistent economic burdens: high power costs.
DOE sees more private-led rooftop solar projects as SM Prime hits 100 MW milestone
The Department of Energy (DOE) expects more private companies to invest in rooftop solar after SM Prime Holdings reached 100 megawatts (MW) of installed capacity across its properties.
WESM electricity rates fall 12% in November
Electricity prices at the Wholesale Electricity Spot Market (WESM) dropped 12.4 percent in November, the Independent Electricity Market Operator of the Philippines (IEMOP) on Wednesday reported.
