Philippines

CREC launches IPO on Philippine Stock Exchange

It has a market capitalisation of around $411.5m.

ACEN Corporation commits $148.4m to Giga Ace 8

It subscribed to more shares of Giga Ace 8 to fund its solar project. 

First Gen needs $9b to boost RE capacity

The company has to increase its capacity by almost four times to reach 13 GW by 2030.

Alternergy raises $340.7m funding for RE projects

It is developing two wind farms and a solar farm that are targeted to start by 2025.

Philippines to receive $500m in CIF funding to accelerate coal plant retirements

Coal-fired plants accounted for 44% of the country’s installed capacity.

First Gen sets $1.27b capex for 2024

The funding focus will be hydropower and other renewable energy projects.

Tokyo Gas to acquire 20% stake in First Gen LNG

They are developing the Interim Offshore Terminal Project in the Philippines.

Philippines DOE and US partner to enhance energy workforce and promote renewables

The US will support the implementation of the Civil Nuclear Cooperation Agreement.

AboitizPower finalises 15.6% stake acquisition in STEAG State Power

This brings the company’s total equity interest to 85%.

REDC's net income rises 32% in Q1 on hydropower success

Its power generation reached 28.9 kWh from 19.5 kWh in Q1 2023.

AboitizPower’s net income rises 4% YoY in Q1

The company increased its capital expenditure this year by over two-fold.

SEC greenlights EDC’s $172.8b green bond offering

This is the second tranche of the EDC Fixed Rate ASEAN Green Bonds.

Acciona Energia acquires 80% share in Philippines’ Freya Renewables

This will add 880 MW of projects to the company’s portfolio.

ACEN’s net income surges 34% YoY in Q1

The company has reached its 2025 5 GW renewables capacity target during the period.