Renewable energy generator Raslag Corp. announced that its board has approved a capital-raising plan aimed at generating up to P2 billion through the private placement of up to 15 million preferred shares.
Meralco PowerGen Corp. renewable energy arm, MGEN Renewable Energy Inc. (MGreen), has successfully launched a 52.8-megawatt (MW) MGreen Cordon Solar power plant in Cordon, Isabela. This marks MGreen as one of the largest operational solar plants in the Cagayan Valley region under the Department of Energy's (DOE) second Green Energy Auction program.
Emerging Power Inc. (EPI), the renewable energy arm of Nickel Asia Corporation (NAC), has secured a P5.175-billion senior term loan facility from Rizal Commercial Banking Corporation (RCBC) to fund the construction of its 145-megawatt peak (MWp) Cawag solar power project in Subic, Zambales.
Berde Renewables Inc., a local renewable energy developer, has formed a strategic joint venture with Thai engineering, procurement, and construction (EPC) contractor, Power Systems and Solutions Co. Ltd. (PSS), aimed at accelerating Thailand’s clean energy transition.
The Manila Electric Co. (Meralco), the country’s largest power distributor, has signed a 20-year power supply agreement (PSA) with First Quezon Biogas Corp. (FQBC) for 1.25 megawatts (MW) of renewable energy sourced from a biogas facility in Candelaria, Quezon.
Agriculture stakeholders have welcomed the Department of Agriculture’s (DA) recommendation for a phased increase in rice import tariffs, with groups urging swift legislative action to address the sharp decline in palay prices and protect local farmers.
The Bangko Sentral ng Pilipinas (BSP) is urging financial institutions to adopt the Philippine National ID system more widely in customer onboarding, framing the initiative as a cornerstone of a more inclusive and secure financial ecosystem.
The House of Representatives, under the leadership of Speaker Ferdinand Martin G. Romualdez, is embarking on a bold and comprehensive reform agenda aimed at transforming the national budget process into one that is transparent, inclusive, and fully aligned with the principles of democratic accountability.