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Sunday, June 16, 2024

Energy

DOE streamlines approval process for RE projects

The Department of Energy (DOE) said it simplified the application process for renewable energy (RE) development to help establish greater ease of doing business in the energy sector and meet the renewable energy targets. The DOE said, however, that to facilitate the transition, the Energy Virtual One-Stop Shop (EVOSS) System would undergo enhancements for five months from the effectivity of the new guidelines or starting June 25, 2024. It said the...

First Gen awards LNG contract to Tokyo Gas

First Gen Corp. of the Lopez Group said Thursday it awarded a...

Alternergy secures P5.3-b RCBC loan for Alabat wind farm

Alternergy Holdings Corp. (Alternergy) said Thursday its unit Alabat Wind Power Corp....

ERC approves staggered payment for DU purchases at WESM

The Energy Regulatory Commission (ERC) on Thursday approved the staggered payment of...

LATEST Energy

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Renewable capacity rose 4% to 8,255 MW in 2022

The Department of Energy said Wednesday total installed renewable energy capacity increased 4 percent to 8,255 megawatts in 2022 from 7,914 megawatts in 2021,...

Google, Microsoft top expectations in first quarter as AI rivalry heats up

By Glenn Chapman SAN FRANCISCO, United States—Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion,...

EV demand rises, to impact energy industry, IEA says

Paris, France—Sales of electric vehicles are booming and are expected to account for nearly one in five cars sold this year, according to a...

Higher power demand lifts spot market prices

The Independent Electricity Market Operator of the Philippines said Tuesday electricity demand increased in April amid higher temperature, resulting in slightly higher prices at...

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