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Fitch sees stable energy security in PH amid slower coal power growth

ABS-CBN News
Posted at Jan 15 11:48 AM

The Philippines will have stable energy security over the decade with the 20 gigawatts of new power projects in the pipeline, despite slower growth of coal power projects, an analyst from Fitch Solutions said on Friday. Read more »

Green day: Is a ‘greener economy’ within the Philippines’ reach?

Mikael Angelo S. Francisco
Posted at Dec 06 08:39 AM

Mikael Angelo Francisco writes about the overall picture of green jobs (and the transition to a greener economy) in the Philippines as part of the Southeast Asian Climate Journalism Program. He talks about what has been done so far, as well as the challenges that are hindering progress in achieving the goals set by the Green Jobs Act of 2016. Dr. Rene Ofreneo was his main and sole interviewee for this article. Read more »

Vivant sees 'total' business recovery in 2022, eyes investing up to P3-B in Cebu project

ABS-CBN News
Posted at Dec 01 12:46 PM

Power firm Vivant Corp. said on Tuesday it expects total business recovery by 2022 as the effects of the pandemic is seen to stretch until the third to fourth quarter of next year. Read more »

AC Energy raises $300-M from 'green bonds', proceeds to pay off debt, fund projects

ABS-CBN News
Posted at Nov 27 03:34 PM

Newly renamed AC Energy and Infrastructure Corp. said Friday it raised $300 million from its dollar-denominated green bonds issue to partly refinance maturing debt and fund renewable energy projects.   Read more »

First Philippine Holdings CEO says destructive storms point to climate crisis

ABS-CBN News
Updated as of Nov 24 12:13 PM

MANILA - The head of one of the country’s biggest renewable energy companies on Monday said the storms that recently devastated the country point to a climate crisis. Read more »

Going Beyond Sustainability: Speech of Federico Lopez for the MAP Management Man of the Year 2020 award

Federico Lopez, Chairman and CEO, First Philippine Holdings Corp
Posted at Nov 23 07:56 PM

The COVID-19 pandemic is just a mere “fire drill” for what’s coming and demonstrates the scale at which things need to change. Read more »

'No regrets' in ditching coal for clean energy, says First Gen CEO

Art Fuentes and Bruce Rodriguez, ABS-CBN News
Updated as of Nov 24 12:29 PM

The Lopez Group has no misgivings about its decision to keep coal-fired power plants out of its portfolio, and instead invest in renewable energy, a scion of the Lopez family said on Monday.  Read more »

Filipino wins global prize for invention that makes renewable energy from spoiled crops

RHIA GRANA
Updated as of Nov 20 08:45 AM

Meet James Dyson Award’s first ever Sustainability winner, electrical engineering student Carvey Ehren Maigue from MAPUA University   Read more »

San Miguel says building 200MW solar farm to power Bulacan airport project

ABS-CBN News
Posted at Nov 18 04:18 PM

San Miguel Corp (SMC) will develop a 200-megawatt solar plant with battery energy storage capacity in Bulacan to help power its New Manila International Airport project there.   Read more »

Alsons sets P3 billion commercial paper offering to fund first renewable energy project

ABS-CBN News
Posted at Nov 17 05:27 PM

Power firm Alsons Consolidated Resources Inc (ACR) is set to raise P3 billion from an offering of commercial paper to fund their first renewable energy project, it told the stock exchange on Tuesday.   Read more »

Singaporean fund GIC to acquire 17.5 pct stake in AC Energy for P20-B

ABS-CBN News
Posted at Nov 12 05:45 PM

AC Energy on Thursday said Singapore-based fund GIC Private Limited will acquire a 17.5 percent stake in the company for P20 billion, a transaction in line with AC Energy's expansion to international markets. Read more »

First Gen says LNG projects pushing through despite drop in Jan-Sept recurring income

ABS-CBN News
Posted at Nov 12 12:49 PM

Clean energy provider First Gen Corporation (First Gen) is pushing through with its liquefied natural gas (LNG) development despite a decline in recurring net income from January to September this year, the company said.   Read more »

Toshiba to end coal power plant construction, shift to renewables

Kyodo News
Posted at Nov 11 02:43 PM

Toshiba Corp. said Wednesday it would stop taking new construction orders for coal-fired power plants as it makes a strategic shift to cleaner, renewable energy.   Read more »

Ayala Corp's energy unit building second solar farm in India

ABS-CBN News
Posted at Oct 19 03:37 PM

AC Energy said it is expanding its renewables business in India with the development of the 70 MWp (megawatts peak) Paryapt Solar plant through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia Pacific. Read more »

AC Energy joint venture firm divests stake in Australia’s Infigen Energy

ABS-CBN News
Posted at Sep 10 09:48 AM

AC Energy on Thursday said its joint venture firm with UPC Renewables Group has divested its holdings in Australia’s Infigen Energy.   Read more »

AC Energy to develop 2 new solar plants in Central Luzon

ABS-CBN News
Posted at Aug 19 09:45 AM

AC Energy said Wednesday it would develop 2 new solar plants in Central Luzon to expand its capacity of up to 150 MW.  Read more »

Europe’s big oil companies are turning electric

Stanley Reed, The New York Times
Posted at Aug 18 11:17 AM

This may turn out to be the year that oil giants, especially in Europe, started looking more like electric companies.   Read more »

Nuclear power? Environmental group urges Duterte gov't to focus on renewable energy

ABS-CBN News
Posted at Jul 29 06:21 PM

Harnessing nuclear energy opens the Philippines to several dangers, non-government organization Greenpeace said, noting that the Philippines should fast track the adoption of renewable energy instead. Read more »

Renewables now EU's biggest source of electricity: study

Agence France-Presse
Posted at Jul 22 04:24 PM

Renewable energy sources such as the wind and the sun overtook fossil fuels as the European Union's main generators of electricity in the first half of this year, according to a new report published on Wednesday. Read more »

Apple pledges to be fully carbon neutral by 2030

Agence France-Presse
Posted at Jul 21 09:53 PM

The tech giant, which is already carbon neutral for its corporate operations, said the move would mean no climate impact for all its devices sold. Read more »