Meralco PowerGen Corp. (MGen), a subsidiary of Manila Electric Co., has signed a strategic agreement with Saudi Arabia-based ACWA Power to explore joint renewable energy (RE) ventures in the Philippines and across Southeast Asia.
Energy infrastructure developer Atlantic, Gulf & Pacific Co. of Manila Inc. (AG&P) has formally expressed interest in supporting the country's offshore wind (OSW) sector, according to the Department of Energy (DOE).
First Gen Corp., the power generation arm of the Lopez Group, said it expects to finalize within two to three months a deal to sell a 60 percent stake in its natural gas business to Prime Infrastructure Capital Inc., owned by billionaire Enrique Razon Jr.
The Department of Energy (DOE) is set to announce the winning bids for the third round of its Green Energy Auction (GEA-3) by next week, a move poised to catalyze significant growth in the country’s renewable energy market.
Buhawind Energy Northern Luzon Corp. (BENLC), an affiliate of PetroEnergy Resources Corp. (PERC), has received pre-development environmental clearance from the Department of Environment and Natural Resources (DENR) to proceed with critical site studies for its 2,000-megawatt offshore wind (OSW) project in Ilocos Norte.