Philippines

AboitizPower net income climbs by 32% in 2022

Its net income stood at P27.5b (US$497.7b).

ACEN net income reaches US$236m in 2022

This is up from US$94.9m in 2021.

Meralco core net income up 10% YoY in 2022

Its energy sales were boosted by the recovery of business and public confidence.

AboitizPower, EPI closes power supply deal

EPI will be providing solar power capacity to AboitizPower’s retail electricity companies.

AboitizPower leads PH-Japan Consortium to explore renewable energy development

The consortium includes Kawasaki Heavy Industries, IKS, and Amber Kinetics. 

What could dampen natural gas uptake in the Philippines

The country seeks to increase gas-fired generation capacity to 24.3 GW under the reference scenario.

The Philippines may soon rely on LNG import

The country has been sourcing gas from the local Malampaya gas field.

AboitizPower, JERA partner to explore greener fuels in the Philippines

The two companies will be assessing the feasibility of ammonia co-fired power generation. 

Philippines’ SPNEC to complete stock rights offering for share-swap deal

This will enable its share swap agreement with Solar Philippines Power Project Holdings, Inc. (SP). 

Philippines considers nuclear as a solution to potential baseload power crisis

But amendments to energy laws are needed, DOST-PNRI Director Carlo Arcilla said.

Citicore Energy REIT gets greenlight to sell ASEAN Green Bond

The proceeds will fund rooftop solar development. 

ACEN's successful ETM deal marks a new era for coal divestment

The ETM transaction will enable the early retirement of the South Luzon Thermal Energy Corp. Power Plant. 

ACEN to add 300 MW solar capacity in Palauig project

This is in support of the Philippines target to generate 35% of its power from renewable energy.