Philippine National Bank (PNB) has approved a P3-billion project finance facility for the construction of an 82-megawatt-peak (MWp) solar power plant in Isabela province awarded under the government’s Green Energy Auction Program. The financing was extended to Linglingay Power Corp., a wholly owned subsidiary of Hexa Philippines Holdings, Inc., for a ground-mounted solar power plant … Read more
Norwegian offshore wind and maritime companies are eyeing opportunities in the Philippines, holding talks with government officials and industry players as the country seeks foreign expertise to help build its emerging offshore wind industry. A 10-company Norwegian delegation met with officials from the Department of Energy (DOE), including Energy Secretary Sharon Garin and senior department … Read more
Philippine renewable energy projects worth P344.62 billion secured certification under the government’s Green Lane initiative in the first five months of 2026, accounting for nearly all strategic investments approved during the period as the country accelerates its clean energy transition. The Department of Energy (DOE) said 13 renewable energy projects were certified under the expedited … Read more
South Korean energy companies have signed an agreement to explore the development of up to 1,000 megawatts (MW) of renewable energy projects in Occidental Mindoro and other off-grid Philippine provinces, as the island grapples with daily power outages and heavy reliance on diesel generation. A memorandum of understanding (MoU) was signed between Occidental Mindoro Governor … Read more
Bago Negros Energy Corp. has broken ground on a 150-megawatt wind power project in Bago City, Negros Occidental, the first wind development of its kind in the Negros Island Region. The project, with an initial cost of 9.78 billion pesos, will involve the construction and operation of 23 wind turbine generators across seven barangays. It … Read more
A 25-kilowatt community solar power project integrated with a solar-powered water desalination system has been commissioned on Matabas Island in Negros Occidental, bringing electricity and clean water services to about 150 households in the off-grid community. The initiative, known as the REPower Matabas Project, was launched to mark World Oceans Day and is being implemented … Read more
The Asian Development Bank (ADB) is working with the Philippine government to develop a pipeline of energy projects aimed at accelerating renewable energy deployment, improving energy efficiency and cutting diesel use in off-grid communities, BusinessWorld reported. Citing ADB Country Director for the Philippines Andrew Jeffries, the report said the multilateral lender is identifying priority projects … Read more
The Philippines’ Department of Energy said it has begun assessing energy facilities in Sarangani and nearby areas after a magnitude 7.8 earthquake struck the area. The DOE, through its Task Force on Energy Resiliency, said it had activated coordination with electric cooperatives, distribution utilities and oil industry stakeholders following President Ferdinand Marcos Jr.’s directive to … Read more
For property developers, electricity is no longer just another monthly bill. Cathay Land Inc., the real estate arm of the Cathay Group of Companies, has partnered with COREnergy to place 46 electricity connection points across its industrial and residential developments under the Retail Aggregation Program, a government initiative that allows eligible customers to pool power … Read more
Philippine-listed renewable energy firm Repower Energy Development Corporation said it is acquiring a hydropower plant in Eastern Samar in a deal valued at P3.925 billion, marking a major expansion of its operating portfolio in the Visayas. In a disclosure, the company said it, together with other entities, signed a share purchase agreement on May 28 … Read more