Philippines
PH, South Korea to study rehabilitation of Bataan nuke plant
The study will start in January 2025.
PH’s energy, environment officials to accelerate offshore wind development
Manila aims to generate the first kilowatt-hours of electricity from offshore wind by 2028.
Indo-Pacific coalition prioritises PH for energy infrastructure investment
The country will need an estimated $500b in investments between 2024 and 2050.
PH eyes 1,200 MW of nuclear energy by 2032
This will be quadrupled by 2050.
Alternergy’s consolidated income surges in fiscal year 2024
Thanks to a 60% jump in revenue.
Citicore appoints new CFO
Lucia Lorenz Roderos was also appointed chief risk officer.
PH to upgrade ports infrastructure to boost offshore wind development
Three ports have been identified.
Vivant sells stake in Buskowitz Energy
It wants to refocus its investments.
PH logs $23.2b renewable energy investments from January to September
This accounted for 95% of total investments.
Alternergy's 500 MW push gains momentum
It says three new projects are in full swing.
UK’s Actis to invest $600m in PH’s Terra Solar project
The investment firm will take a controlling interest of 40%.
Meralco increases stake in SP New Energy for $133.32m
This involves 5.8 billion shares.
PH launches first BARMM conventional energy bidding
Applications were also received for the 2024 Philippine Bid Round.
Meralco to sustain strong financial performance amidst heavy investments
The company is projected to maintain a ratio of FFO to debt of up to 45% over the next two years.
Vena Energy, MGreen to build 550-MW Bugallon Solar Power Project
Commercial operations will commence by 2025.
Meralco eyes increasing stake in SP New Energy
The possible transaction will still go through a review.
AboitizPower’s earnings down 4% to $302.48m in H1
Depreciation of its coal plant assets impacted income negatively.
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