Energy
Citicore Renewable secures P4.4B loan for solar
Citicore Renewable Energy Corp. (CREC) secured a P4.4 billion project finance loan to support the development of its 125-megaWatt-hour Citicorp Solar Pangasinan project.
Nickel Asia 1H profit surges 88% on higher ore prices
Nickel Asia Corp. (NAC) posted an 88 percent increase in attributable net income to ₱2.10 billion in the first half of 2025, up from ₱1.12 billion a year earlier, driven by a sharp rise in average ore prices, the company told the Philippine Stock Exchange.
WESM power rates up 3.4% in July amid supply constraints
The nationwide average electricity rate in the Wholesale Electricity Spot Market (WESM) rose by 3.4 percent in July, reaching P3.99 per kilowatt-hour (kWh) from P3.86/kWh in June, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
Alert raised over Visayas Grid as power plant outages continue
The Visayas Grid had been placed under yellow alert from 1:00 p.m. to 9:00 p.m. on Tuesday, as the National Grid Corporation of the Philippines (NGCP) flagged low power reserves amid rising electricity demand and continued outages across multiple power plants.
NGCP greenlights grid study for Ilocos offshore wind project
PetroEnergy Resources Corp. (PERC) announced that its affiliate, Buhawind Energy Northern Luzon Corp. (BENLC), has secured regulatory approval from the National Grid Corporation of the Philippines (NGCP) for the facilities study of its 2,000 MW offshore wind project in Ilocos Norte.
