Energy
Big drop in power costs seen with full RE rollout
Electricity prices in the Philippines could fall below ₱1 per kilowatt-hour (kWh) by 2050 if all renewable energy (RE) projects under the Department of Energy’s (DOE) Green Energy Auction (GEA) Program are fully implemented, according to DOE undersecretary Rowena Cristina Guevara.
ACEN, UPC begin construction of major India renewables
ACEN Corp., the renewable energy arm of the Ayala Group, has partnered with UPC Renewables for the construction of two green energy projects in India: a 420-megaWatt solar farm in Rajasthan and a 120 MW wind farm in Karnataka.
SM Prime Schools Switch to Cleaner Power via RAP
SM Prime Holdings Inc. has shifted two of its educational institutions — National University (NU) and Asia Pacific College (APC) — to cleaner electricity through the Retail Aggregation Program (RAP), the Energy Regulatory Commission (ERC) said on Wednesday.
Leviste to raise over P34b from SPNEC shares
Congressman-elect Leandro Legarda Leviste has entered into agreements to divest most of his shares in SP New Energy Corporation (SPNEC) before assuming office on June 30, 2025.
Solar group seeks GEA overhaul
The Philippine Solar and Storage Energy Alliance (PSSEA) on Tuesday expressed strong optimism over the appointment of DOE officer-in-charge Sharon Garin, citing her familiarity with the agency’s operations and stakeholders as a reassuring move for renewable energy investors. PSSEA Chair Theresa Cruz-Capellan lauded the continuity in leadership, emphasizing the need for predictable policy and regulatory environments.
