The Energy Regulatory Commission (ERC) has raised the Green Energy Auction Reserve (GEAR) price for offshore wind projects to P11 per kilowatt-hour (kWh) under the fifth round of the government’s Green Energy Auction (GEA-5) program.
Ayala Land Inc. is setting aside between P70 billion and P80 billion in capital spending this year, lower than last year’s P92.9 billion, as it shifts focus toward leasing and hospitality projects that generate steady income.
The Department of Agriculture (DA) reported that the National Food Authority (NFA) successfully auctioned off nearly 90 percent of its aging rice stocks, raising P936.5 million—above its P912.4 million target.
The Department of Environment and Natural Resources (DENR) is investigating a trash landslide at a sanitary landfill in Barangay San Isidro, Rodriguez, Rizal.