Energy & Mining
DOE backs carbon markets to fund clean energy shift
The Department of Energy (DOE) on Thursday said that efforts to reduce carbon emissions need not come at the cost of economic growth. Energy Secretary Sharon Garin, through a speech delivered by Undersecretary Felix William Fuentebella at a Makati forum, said decarbonization and development should be seen as complementary goals.
ACEN backs subsidiary with P900M for wind power
ACEN Corp., the energy arm of Ayala Corp., has extended a P900 million loan to its subsidiary, Giga Ace 6 Inc., to support the development of a major wind power project in Quezon and Laguna.
NGCP works on Cebu outages, prepares for TS Paolo
The National Grid Corporation of the Philippines (NGCP) continues restoration efforts following the recent earthquake in Cebu, with only one power plant in the Visayas still on forced outage as of 2 p.m. Thursday, affecting 169 MW of capacity.
Spanish foundation brings solar power to Pampanga community
acciona.org, the corporate foundation of ACCIONA, has extended its Light at Home program to San Nicolás, Pampanga, bringing clean and affordable solar energy to over 140 people. This expansion builds on its rural electrification work in Palawan from 2022.
Pure Energy Group acquires 71.68% of Coal Asia for P220.9M
Coal Asia Holdings Corp., a publicly listed mining firm, announced that majority shareholders have agreed to sell a controlling 71.68% stake to a consortium composed of Pure Energy Holdings Corp., Pure Water Corp., and Quadwater Corp. in a deal valued at P220.9 million.
