ERC to do own probe on simultaneous outages of power plants
The Energy Regulatory Commission (ERC) will conduct its own review of the simultaneous power plant outages and transmission line tripping that prompted the grid operator to put the Luzon grid on red...
View ArticleShell says CEO stepping down at end of 2022
British energy giant Shell announced Thursday that chief executive Ben van Beurden will step down at the end of the year to be replaced by renewables director Wael Sawan. Van Beurden, who will have...
View ArticleYuchengcos sell down stake in renewable energy unit to Japanese firm
Kyuden International Corp. (KIC), a wholly-owned subsidiary of Japan’s Kyushu Electric Power Co. Inc., will acquire a 25 percent interest in Yuchengco-led PetroGreen Energy Corp. (PGEC). The board...
View ArticleACEN unit gets P5.39B green term loan to fund renewable projects in Australia
The Australian subsidiary of Ayala’s listed energy platform ACEN has secured green financing to support projects in Australia. ACEN, as guarantor to ACEN Australia Pty. Ltd. executed a facility...
View ArticleSolar rooftops can help avert power crisis – group
The Philippine Solar and Storage Energy Alliance (PSSEA) has called on the government to deploy solar panels on roofs, especially for homes and commercial establishments, to avert any power crisis...
View ArticleNapocor to spend P5.39B for electrification subsidy in off-grid areas, fuel...
Government-run National Power Corp. (NPC) will have to shell out P5.391 billion to pay for its fuel requirements and subsidy to missionary areas for the remaining months of the year. NPC manages the...
View ArticleTesla hits breaks on slated battery factory in Germany: report
Tesla has paused plans to make battery cells in Germany as it looks to qualify for tax breaks for electric vehicle (EV) and batter manufacturers in the United States, the Wall Street Journal reported....
View ArticleBiden administration seeks to tap into offshore wind
The Biden administration announced plans on Thursday to expand the use of wind energy by building floating offshore wind platforms. The Interior Department said the objective is to deploy 15 gigawatts...
View ArticleSeizing opportunities: Aboitiz family takes control of Mindanao power firm
Aboitiz Power Corp. is acquiring an additional 35.4 percent stake worth $36 million in STEAG State Power Inc. (SPI), which owns and runs a 210-megawatt coal-fired power plant (including the...
View ArticleAboitiz group energizes new substation in Davao
Aboitiz-owned Davao Light and Power Co. Inc. is set to energize a new digital substation in Binugao, Toril, Davao City to address the growing demand for electricity in the southern part of Davao City....
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