Energy
PGEC secures third RCBC loan for solar development
PetroEnergy Resources Corp. (PERC) announced that its affiliate, San Jose Green Energy Corp. (SJGEC), has secured a P498-million term loan facility from Rizal Commercial Banking Corp. (RCBC) to partially finance its 19.6-megawatt solar power project in San Jose, Nueva Ecija.
Biofuels delay sparks rift among coconut industry leaders
The proposed suspension of the B4 biodiesel blend rollout, raising the coco methyl ester (CME) content in diesel from 3 percent to 4 percent by October 2025, has triggered mixed reactions among coconut industry stakeholders, underscoring tensions between energy policy goals and economic pressures.
ERC sets final reserve price structure under latest green auction
The Energy Regulatory Commission (ERC) has approved the final reserve price structure under the fourth round of the Green Energy Auction Program (GEA4), setting the policy framework for the competitive bidding of over 10,000 megawatts (MW) of renewable energy capacity.
BDO backs solar project in Nueva Ecija
BDO Unibank, Inc. (BDO) has committed the largest share to the ₱150 billion project finance facility for MTerra Solar, said to become the world’s largest integrated solar and battery storage facility.
Floating solar gets a lift in revised DOE auction plan
The Department of Energy (DOE) has expanded the target capacity under the 4th Green Energy Auction (GEA4) to 10,653 MW, up from 10,478 MW, highlighting a policy shift to bolster floating solar deployment.
