Philippines

SPNEC to complete share swap with Solar Philippines by end-2022

The company wants to complete the private placements to increase public float.

Philippines’ First Gen net income drops 13% in H1

This is despite a 21% growth in revenue. 

ACEN aims to reach 20GW of renewables capacity by 2030

This is six times higher than the current 3.4GW renewables capacity.

Philippines’ ACEN net income climbs 25% in Q2

Its net income stood at P1.8b during the quarter.

Philippines’ AboitizPower to explore 3,000MW offshore wind power

The country only has a capacity of 443MW onshore win, as of 2020.

Philippines’ SMC Global Power lists P40b bonds

This will allow the company to provide reliable power supply.

SMIC’s Philippine Geothermal Production Company acquisition gets green light

The consideration paid for the acquisition was around $284.8m.

Philippine-based PXP Energy narrows loss in Q2

The company’s core net loss amounted to P645,000, down from P16.6m in the previous year. 

ACEN green lights final tranche of energy transition financing

The company will divest its shares in SLTEC for P3.7b. 

Philippines’ Meralco core income climbs 15% in first half

The company recorded a net income of P12.1b during the period.

Philippines is 3rd largest geothermal market globally: Fitch

Its installed capacity is estimated at 1,928MW in 2021.

ACEN to offer Peso-denominate green bonds

The proceeds from the $177.8m bonds will be used for its three solar projects.

ACEN to issue P30b bonds to fund RE projects

Initial proceeds will fund the Arayat-Mexico Solar Power expansion project amongst others.

Philippines’ energy dep’t generates 1,966.93MW RE in auction

The first auction round posted a 98.3% success rate.

Nickel Asia unit, Shell partner to develop RE in the Philippines

The joint venture plans to add 1GW capacity by 2028.