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Wednesday, 29 October 2025, 8:49 pm

    Energy

    Basic Energy secures approval for 43-MW solar project

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    Basic Energy Corp. has secured a certificate of authority from the Department of Energy (DOE) for the 43 MW Cadiz 1 solar power project in Negros Occidental, marking a significant step in its renewable energy expansion.

    PSALM kicks off bidding process for CBK hydro plants

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    The Power Sector Assets and Liabilities Management Corp. (PSALM) held a pre-proposal conference on Tuesday for the upcoming sale of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants, marking a significant step in the ongoing privatization of state-owned energy assets.

    Globe signs renewable energy milestone with First Abacus Financial Center

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    Globe Telecom has achieved a significant step toward its net-zero goals by fully transitioning The Globe Tower Cebu (TGTC) to 100 percent renewable energy.

    Aboitiz unit breaks ground on 40 MW facility in Benguet

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    SN Aboitiz Power Group (SNAP) has broken ground on its first battery energy storage system (BESS) facility in the Cordillera Administrative Region (CAR), marking a significant step in the company's renewable energy (RE) expansion strategy.

    ACEN Corp. signs P75M subscription deal supporting renewable energy projects

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    Listed renewable energy developer ACEN Corp. has entered into a P75 million subscription agreement with subsidiary firm ACEN Technical Services Inc. (ACEN TSI).
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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Environment

    DENR moves to contain molasses spill in Negros Oriental

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    The Department of Environment and Natural Resources (DENR) has assured the public that a coordinated response is underway following the collapse of a containment lagoon at Universal Robina Corp.’s (URC) Bais Distillery in Negros Oriental, which released molasses wastewater into Bais Bay within the Tañon Strait Protected Seascape.
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    BSP keeps dovish stance despite peso weakness

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    The local currency the peso briefly sank to a record low this week, reflecting sustained weakness in the local currency as the Bangko Sentral ng Pilipinas (BSP) maintains a growth-focused stance. The peso fell to ₱59.13 per U.S. dollar on Tuesday before rebounding to ₱58.72 on Wednesday—its strongest in three months—after remarks from BSP Governor Eli Remolona tempered market concerns.
    Energy

    PCC OKs Raslag-Verdant JV for Mindoro wind and battery project

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    The Philippine Competition Commission (PCC) has approved Raslag Corp.’s joint venture with Singapore-based Verdant Philippines Alpha Pte. Ltd. for a renewable energy project in Mindoro.
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