Banks expect to continue lending to coal-fired power projects as the Philippines shifts to cleaner and renewable energy sources by 2040, pending developments in an Asian Development Bank (ADB) program funding the energy transition, a senior banker said. “There’s a current initiative from the (ADB) for the energy transition. That’s something that the banks haven’t […]
Tag: renewable
Soluna Launches Curtailment Assessment Service for Clean Power Producers
NEW YORK, NY, Nov 29, 2021 – (ACN Newswire via SEAPRWire.com) – Soluna Holdings, Inc. (Nasdaq: SLNH) (formerly Mechanical Technology), a developer of green data centers for cryptocurrency mining and other intensive computing, announced today that it is now offering a custom estimating service for clean energy power plant owners and developers looking to reduce […]
Spot prices on WESM fall to P5.17 per kWh
THE average spot price of electricity on the wholesale electricity spot market (WESM) fell to P5.17 per kilowatt-hour (kWh) in November from P6.75 a month earlier, as supply increased while demand was stable, the market operator said Friday. The Independent Electricity Market Operator of the Philippines (IEMOP) added in its second market report for the […]
Infocus International Brings Back Renewable Energy Power Purchase Agreements Online Workshop
Singapore, Nov 25, 2021 – (ACN Newswire via SEAPRWire.com) – Back by popular demand, Infocus International Group, a global business intelligence provider of strategic information and professional services, has announced the new date for the Renewable Energy Power Purchase Agreements (RE PPAs) online workshop which will be commencing live on 19 January 2022. Unlike past […]
One Meralco allots P76B for renewable energy projects
ONE Meralco, the group of companies led by Manila Electric Co. (Meralco), is allocating an estimated P76 billion for renewable energy projects to transition to cleaner energy in 10 years. Jaime T. Azurin, president and chief executive officer of Meralco unit Meralco PowerGen Corp. (MGen), made the statement in his speech at the Conference of […]
Hatten Land Forms Renewable Energy JV with Nestcon Berhad; Solar Panels at Melaka’s Largest Mall will provide Solar Power for Digital and Blockchain Activities
SINGAPORE & MELAKA, MALAYSIA, Nov 10, 2021 – (ACN Newswire via SEAPRWire.com) – Hatten Land Limited announced today it will form a joint-venture company (“JVC”) with Bursa-listed Nestcon Berhad (“Nestcon”) to pursue renewable energy activities including installing over 6,000 solar panels on the roof of Melaka’s largest mall. SGX Catalist-listed Hatten Land (the “Company”, and […]
Hitachi Rail to Receive 100% Renewable Electricity from ScottishPower
TOKYO, Nov 5, 2021 – (JCN Newswire via SEAPRWire.com) – With COP26 underway, two Principal Partners for one of the most important climate summits in recent history have come together to agree a new renewable energy deal. Hitachi Rail has agreed a contract with ScottishPower, part of the Iberdrola Group, for the supply of 100% […]
Candidates push renewable energy
A labor leader on Thursday vowed to scrutinize the national budget if he becomes President to ensure that government funds are used for social services amid a coronavirus pandemic. Leodegario “Ka Leody” de Guzman, who is running under the Partido Lakas ng Masa, also pledged to support local farmers and fishermen to ensure food security. He would also realign infrastructure funds to help government […]
ADB approves renewable, low-carbon energy policy
THE ASIAN Development Bank (ADB) said it approved a new energy policy which aims to support its member countries in their transition to renewable and low-carbon energy sources. “Energy is central to inclusive socioeconomic development, but the expansion of energy systems has come at the cost of harmful impacts on our climate and environment,” ADB […]
Hitachi ABB Power Grids Consortium Awarded Major Contract
Switzerland, Oct 6, 2021 – (JCN Newswire via SEAPRWire.com) – Hitachi ABB Power Grids today announced that it is the lead in a consortium that has been awarded a major contract worth several hundreds of millions of US dollars from the Saudi Electricity Company and the Egyptian Electricity Transmission Company. The award is for the […]
NTT DOCOMO Commits to Carbon Neutrality by 2030, Aiming to Achieve Effectively Zero Greenhouse Gas Emissions
TOKYO, Sep 29, 2021 – (JCN Newswire via SEAPRWire.com) – NTT DOCOMO has announced its commitment to reduce the greenhouse gas emissions arising from its business activities effectively to zero by 2030. In order to help society as a whole achieve carbon neutrality, DOCOMO will roll out a new ecosystem called “Caboneu TM” in conjunction […]
Fujitsu Sources 100% of Energy Needs for Global HQ from Renewables
TOKYO, Sep 24, 2021 – (JCN Newswire via SEAPRWire.com) – Based on its medium- and long-term environmental vision, the “Fujitsu Climate and Energy Vision,” Fujitsu Limited demonstrated its commitment to contributing to the realization of a carbon-neutral society and adaptation to climate change with a pledge to source 100% of its energy needs for its […]
Eisai to Join The Global Environmental Initiative “RE100”
TOKYO, Sep 14, 2021 – (JCN Newswire via SEAPRWire.com) – Eisai Co., Ltd. announced today that it has joined “RE100”, the global environmental initiative that aims to shift the electricity used in business activities to 100% renewable electricity. RE100 is an initiative committed to shifting the electricity used in business activities to 100% renewable energy […]
Mooring Solutions Specialist Mooreast Asia Acquires Significantly Larger New Singapore Facility as it Prepares to Expand into Mooring Systems for Floating Wind Farms
Mooreast’s upgraded water-front facility at 51 Shipyard Road SINGAPORE, Sept 9, 2021 – (ACN Newswire) – Mooring solutions specialist Mooreast Asia Pte. Ltd. (“Mooreast”) said today that it has completed the acquisition of an upgraded water-front facility in Singapore that will more than double its capacity as it embarks on its strategic shift towards offshore renewable energy, particularly floating […]
New investment in RE tops P221 billion
NEW renewable energy (RE) investment between 2009 and 2020 amounted to P221.35 billion, the Department of Energy (DoE) said Wednesday, noting a growing interest in clean power since the enactment of the RE Law. “Between 2009 to 2020, we saw the addition of about 2,339 MW (megawatts) of RE capacity installations which translate to estimated […]
NEA ahead of target electrification pace in first half
THE NATIONAL Electrification Administration (NEA) said Tuesday that it has brought power to a total of 590 rural villages or more than half of its 2021 target during the six months ending June. The majority of this year’s “energized” sitios are located in Mindanao. “For the first semester of the current year, the NEA has […]
Consumer groups file complaint alleging negligence against Energy Secretary
Six electricity consumers on Friday filed a complaint with the Ombudsman against Department of Energy (DoE) Secretary Alfonso G. Cusi, alleging that the government official has neglected his duties. “In his five years in office, Respondent Cusi has not issued a single policy to curb the yearly unplanned outages that have caused red or yellow alerts since 2016,” a copy of the complaint obtained […]
Energy department to hold public consultations on new rules for green energy auction this month
THE ENERGY department plans to hold a public consultation on the green energy auction program (GEAP) this month, ahead of revisions to the rules and framework governing the program. The Department of Energy (DoE) had originally planned to hold consultations in June. “We are changing the framework of the GEAP… By July, we’ll be doing […]
AC Energy investors take profit after sustained increase
MARKET players cashed in last week on AC Energy Corp. after sustained uptrend seen the previous weeks. A total of 144.49-million AC Energy shares worth P1.21 billion exchanged hands from June 21 to 25, data from the Philippine Stock Exchange (PSE) showed, making the firm the third most actively traded issue last week in the […]
DoE weighing green energy auction delay beyond June
By Angelica Y. Yang, Reporter THE Department of Energy (DoE) is considering delaying the first round of the green energy auction (GEA), with the auction committee continuing to compile data, an official said last week, noting that any new findings may have an impact on the design of the offer. The department had announced earlier […]