Monday, 04 August 2025, 6:59 pm

    Tag: renewable energy

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    Raslag plans P2B capital-raising strategy

    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 subsidiary launches 52.8 MW solar project in Isabela

    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.

    EPI secures P5.175B loan for Cawag Solar

    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.

    Aboitiz Power’s net income surges amid growth in generation capacity

    Aboitiz Power Corp., the energy company of the Aboitiz Group, saw a 2 percent increase in net income in 2024, rising to P33.9 billion...

    Berde Renewables helping Thailand boost its clean energy program

    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.

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    Meralco taps biogas power in 20-year deal with Quezon co-op

    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.

    Stakeholders back phased rice tariff hike amid sector pressures

    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.

    BSP pushes for wider use of national ID in banking

    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.

    House to implement sweeping reforms in national budget process

    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.

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