Philippines
AboitizPower’s earnings down 4% to $302.48m in H1
AboitizPower’s earnings down 4% to $302.48m in H1
Depreciation of its coal plant assets impacted income negatively.
ACEN taps Singaporean firms to advance retirement of coal-fired plant in PH
Transition credits will be used to decommission the Ayala firm’s Batangas coal plant.
Citicore’s profit slips 21% to $4.73m in H1
Meanwhile, revenue was up 13% thanks to higher electricity sales.
PH endorses $5.8b offshore wind projects for green lane status
Operations will start in six years.
First Gen’s earnings down 10% to $150m in H1
Blame it on its geothermal business.
ACEN sets eyes on quadrupling renewables for cleaner energy by 2030
It is also seeing growth opportunities in other sectors such as energy storage.
PH grants ‘green lane’ status to Acciona Energia for 150 MW solar project
This is being developed in Cebu.
ACEN’s net income jumps 49% to $107.1m in H1 2024
Improved selling in the wholesale electricity market boosted gains.
Citicore’s net income up 9% to $15.47m in 2023
Thanks to higher revenues driven by the sale of electricity.
RATCH Group’s PH solar plant goes online
It has a 10-year PPA with an Aboitiz unit.
PH to resume reserve market early-August
Adjustments to the WESM will be made for this.
Alternergy breaks ground for 28-MW Solana solar project
This will be completed in 2025.
PH to rollout energy scorecard for climate resilience
The final scorecard for electric cooperatives will be out in September.
ACEN acquires 60% stake in 500-MW wind project developer
A $1.25m loan was also executed.
PH eyes RE and storage systems through Q4 green energy auction
LNG technologies will also be covered.
How the Philippines plans to achieve 100% electrification by 2028
More than 2 million households still live without electricity.
Meralco’s core net income jumps 21% in H1
Thanks to higher sales volumes of the distribution utility.
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