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 clean energy company said that if found feasible, the project will start construction in 2025 and should be operational before 2030. The project is a large-scale, long duration renewable energy storage facility meant to support several nearby wind and solar assets.
The Department of Energy (DOE) has signed an agreement with Pilipinas Shell Petroleum Corp. (PSPC) and Shell Energy Philippines, Inc. (SEPH) for the conduct of a pilot electric vehicle (EV) charging station inquiry run by renewable energy (RE) sources such as solar.
Nickel Asia Corp., one of the world’s largest producer of lateritic nickel, said its board has approved additional capital in its renewable energy subsidiary...
The Department of Environment and Natural Resources (DENR) has assured the public that a coordinated response is underway following the collapse of a containment lagoon at Universal Robina Corp.’s (URC) Bais Distillery in Negros Oriental, which released molasses wastewater into Bais Bay within the Tañon Strait Protected Seascape.
The local currency the peso briefly sank to a record low this week, reflecting sustained weakness in the local currency as the Bangko Sentral ng Pilipinas (BSP) maintains a growth-focused stance. The peso fell to ₱59.13 per U.S. dollar on Tuesday before rebounding to ₱58.72 on Wednesday—its strongest in three months—after remarks from BSP Governor Eli Remolona tempered market concerns.
The Philippine Competition Commission (PCC) has approved Raslag Corp.’s joint venture with Singapore-based Verdant Philippines Alpha Pte. Ltd. for a renewable energy project in Mindoro.
The Asian Development Bank (ADB) confirmed it is in discussions with the Philippine government for a possible loan to enhance the country’s power transmission network.