Philippines
CREC launches IPO on Philippine Stock Exchange
It has a market capitalisation of around $411.5m.
ACEN Corporation commits $148.4m to Giga Ace 8
It subscribed to more shares of Giga Ace 8 to fund its solar project.
First Gen needs $9b to boost RE capacity
The company has to increase its capacity by almost four times to reach 13 GW by 2030.
Alternergy raises $340.7m funding for RE projects
It is developing two wind farms and a solar farm that are targeted to start by 2025.
Philippines to receive $500m in CIF funding to accelerate coal plant retirements
Coal-fired plants accounted for 44% of the country’s installed capacity.
First Gen sets $1.27b capex for 2024
The funding focus will be hydropower and other renewable energy projects.
Alternergy bags $34.2m loan for wind projects
BDO Unibank is the lender.
Alternergy secures $137.4m loan for Tanay wind project
The lenders are BPI and Security Bank.
Tokyo Gas to acquire 20% stake in First Gen LNG
They are developing the Interim Offshore Terminal Project in the Philippines.
Philippines DOE and US partner to enhance energy workforce and promote renewables
The US will support the implementation of the Civil Nuclear Cooperation Agreement.
AboitizPower finalises 15.6% stake acquisition in STEAG State Power
This brings the company’s total equity interest to 85%.
REDC's net income rises 32% in Q1 on hydropower success
Its power generation reached 28.9 kWh from 19.5 kWh in Q1 2023.
AboitizPower’s net income rises 4% YoY in Q1
The company increased its capital expenditure this year by over two-fold.
SEC greenlights EDC’s $172.8b green bond offering
This is the second tranche of the EDC Fixed Rate ASEAN Green Bonds.
Acciona Energia acquires 80% share in Philippines’ Freya Renewables
This will add 880 MW of projects to the company’s portfolio.
ACEN’s net income surges 34% YoY in Q1
The company has reached its 2025 5 GW renewables capacity target during the period.
Coro Energy to develop 100 MW onshore wind farm in the Philippines
This is the company’s second wind energy service contract in the country
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