Energy
Spanish firm hires Chinese contractor for 180-MW Cebu solar project
Spanish renewable energy company Acciona Energia has signed an engineering, procurement and construction contract with Power Construction Corp. of China for its 180-megawatt Daanbantayan solar project in Cebu.
New facility to cut risks for geothermal projects
The Department of Energy (DOE) and the Land Bank of the Philippines have signed a memorandum of agreement to operationalize the Philippine Geothermal Resource De-Risking Facility (PGRDF), a $170-million program aimed at reducing the financial risks of early-stage geothermal exploration.
EDC eyes P19B capital spending in 2026
Energy Development Corp. (EDC) plans to allocate about P19 billion as capital expenditures in 2026, lower than present spending levels, as it scales down drilling activities.
Fuel prices mixed this week
The various fuel retailers will raise gasoline prices by P0.20 per liter starting Tuesday morning, while prices of diesel and kerosene will be cut by P0.20 per liter.
Meralco opens bidding for green power drive
The Manila Electric Co., the country largest power distributor better known as Meralco, has launched a Competitive Selection Process (CSP) to secure 200 megaWatts of baseload renewable energy capacity, strengthening compliance with its Renewable Portfolio Standards obligations and signaling fresh momentum for green power procurement.
