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Brix Lelis
Brix Lelis
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Budget for RE development program hiked to P155 million
by Brix Lelis - January 19, 2025 - 12:00am
The Marcos administration has ramped up funding for the country’s renewable energy development program this year, fueling the ambitious push toward cleaner, more sustainable power.
Davao Light eyes renewal of permit to operate
by Brix Lelis - January 19, 2025 - 12:00am
Aboitiz-owned Davao Light and Power Co. Inc. is seeking regulatory approval for the renewal of its certificate of public convenience and necessity, which is set to expire this year.
RCBC backs Alternergy’s P1.4 billion Bataan solar farm
by Brix Lelis - January 18, 2025 - 12:00am
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is extending a P1-billion loan to Alternergy Holdings Corp. to partially fund its 28-megawatt (MW) peak solar farm in Hermosa, Bataan.
ACEN, partner power renewable energy project in India
by Brix Lelis - January 18, 2025 - 12:00am
Ayala-led ACEN Corp. and US-based BrightNight have started the commissioning of the first phase of their hybrid renewable energy project in India, moving a step closer to commercial operations.
P2 per liter pump price hike looms
by Brix Lelis - January 18, 2025 - 12:00am
Major fuel price hikes are expected next week amid concerns that tougher sanctions on the Russian oil industry could tighten supply in the global oil market.
MGen, Vena Energy seal 550-MW solar project deal
by Brix Lelis - January 17, 2025 - 12:00am
Meralco PowerGen Corp. of tycoon Manuel V. Pangilinan has completed its investment agreement with Singapore-based Vena Energy for the construction of a massive solar farm in Pangasinan.
MGen, Vena Energy seal 550-MW solar project deal
by Brix Lelis - January 17, 2025 - 12:00am
Meralco PowerGen Corp. of tycoon Manuel V. Pangilinan has completed its investment agreement with Singapore-based Vena Energy for the construction of a massive solar farm in Pangasinan.
DMCI Power posts record sales, to switch on first RE venture in March
by Brix Lelis - January 17, 2025 - 12:00am
Consunji-led DMCI Power Corp. is on track to make its foray into the renewable energy business with the target operation of a 12-megawatt wind farm in Antique by March.
UAE firm commits $15 billion investment in RE sector
by Brix Lelis - January 17, 2025 - 12:00am
Emirati state-owned firm Masdar is entering the Philippine renewable energy market with a committed investment of $15 billion (about P878 billion) to develop green projects across the country.
Aboitiz unit to build solar facility for Republic Cement
by Brix Lelis - January 15, 2025 - 12:00am
Aboitiz Upgrade Solar Inc. is constructing a solar facility in Bulacan to supply clean power to cement maker Republic Cement & Building Materials Inc..
Semirara hits record coal sales in 2024
by Brix Lelis - January 15, 2025 - 12:00am
Semirara Mining and Power Corp., chaired by tycoon Isidro Consunji, shattered records in coal sales volume last year, fueled by stronger demand from both China and the domestic market.
DOE exec laments financing gap in renewable energy development
by Brix Lelis - January 14, 2025 - 12:00am
Lowering capital costs for renewable energy development is critical in achieving a just energy transition for the Philippines, a senior energy official said, urging global support to close the financing gap.
Meralco rates down in January
by Brix Lelis - January 14, 2025 - 12:00am
Power utility giant Manila Electric Co. is lowering its power rate by P0.2189 per kilowatt-hour this month, bringing the overall rate to P11.7428 kWh from December’s P11.9617 per kWh.
DOE: Over 6,800 MW projects to boost power supply this year
by Brix Lelis - January 13, 2025 - 12:00am
The Philippines is in a much better power situation in 2025.
Aboitiz unit seeks ERC approval for P895 million transmission facility
by Brix Lelis - January 13, 2025 - 12:00am
A subsidiary of Aboitiz Power Corp. is seeking regulatory approval to build and operate a transmission facility worth P895.6 million that will connect its floating solar project in Zambales into the Luzon grid.
Raslag supplies clean power to Team Energy
by Brix Lelis - January 12, 2025 - 12:00am
Raslag Corp., the renewable energy arm of the Nepomuceno Group, is supplying clean power to Japanese-controlled Team Energy Corp. through its solar farm in Pampanga.
Indonesia’s Pertamina buys 20 percent of CREC for $115 million
by Brix Lelis - January 11, 2025 - 12:00am
Citicore Renewable Energy Corp. (CREC), chaired by tycoon Edgar Saavedra, has sealed a $115-million (P6.7 billion) investment from Indonesia’s state-owned energy firm Pertamina.
Fuel prices up again next week
by Brix Lelis - January 11, 2025 - 12:00am
Motorists should brace for another round of fuel price hikes next week amid strong consumer demand and low oil supply in the global market.
CBK privatization to push through in April
by Brix Lelis - January 10, 2025 - 12:00am
The auction for the privatization of a massive hydropower complex in Laguna has been moved to April this year, with the delay blamed on the earlier suspension of the country’s chief energy regulator.
Lower Meralco rates expected this month
by Brix Lelis - January 10, 2025 - 12:00am
Power distribution giant Manila Electric Co. has indicated a possible decline in the overall electricity rate this month due to the decrease in generation costs.
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