Alabat Wind Power Corp., a unit of listed renewable energy innovator Alternergy Holdings Corp., received the first two units of the largest wind turbines to be installed in the Philippines.
The Cybercrime Investigation and Coordinating Center (CICC) and the Philippine National Oil Co. (PNOC) have signed a memorandum of agreement to explore the use of hybrid solar and wind energy systems for sustainable power in underserved and unserved areas across the Philippines.
SP New Energy Corp., a listed renewable energy company, is committed to complete its stock rights offering that will raise P2.82 billion in fresh equity to pursue various green energy projects and facilitate its proposed share-for-asset swap with Solar Philippines Power Project Holdings Inc.
The Asian Development Bank (ADB) has approved a USD500 million policy-based loan to boost the Philippines’ blue economy, marking its first major cross-sector initiative focused on national marine development.
Four of the country’s most influential business groups have thrown their collective support behind a proposed measure that would exempt electricity sales from the value-added tax (VAT), framing it as a decisive step toward reducing one of the Philippines’ most persistent economic burdens: high power costs.
Wall Street roared higher Wednesday after the Federal Reserve cut interest rates by a quarter-percentage point and Chairman Jerome Powell all but shut the door on any future hikes.