Thursday, May 7, 2026
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Tag: GEAP

DOE to terminate non-performing projects, forfeit bonds

The Department of Energy (DOE) assured that stalled power generation capacities will not be allowed to block the country’s clean energy transition, hence nonperforming...

ACCIONA secures 20-year PH power supply contract

ACCIONA Energía, the largest 100-percent renewable energy company with no fossil legacy, said Wednesday it was awarded a 20-year power supply contract for the...

CREC’s net income rose 28% to P966 million in Q3

Citicore Renewable Energy Corp. (CREC) on Monday announced a 28-percent increase in net income to P966 million in the third quarter of 2025, led...

CREC wins big in Green Energy Auction with 1.2 GW of capacity

Citicore Renewable Energy Corp. (CREC), a leading pure renewable energy company in the Philippines, was one of the largest winners in the government's Green...

First Gen seeks support for geothermal projects

SINGAPORE—First Gen Corp. is seeking increased government support for geothermal investments to help the Philippines reclaim its position as the world’s second-largest geothermal producer. Jay...

Philippines’ liberalized foreign ownership draws 75 renewable energy projects

The liberalization of the Philippines' foreign ownership rule in the energy sector has attracted 75 renewable energy projects with a total potential capacity of...

RE auctions to bring down power prices

Electricity prices are seen to significantly go down once the Department of Energy completes the five rounds of Green Energy Auction Program (GEAP), the...

Middle East crisis seen as RE catalyst in PH

The Middle East crisis presents an opportunity for renewable energy and enhanced energy security, the Philippine Solar and Storage Energy Alliance (PSSEA) said Tuesday. The...

Solar developers warn vs. delay in 4th round of GEAP

The Philippine Solar and Storage Energy Alliance (PSSEA) said over the weekend investors eagerly await the holding of the next auction for floating, rooftop...

ERC to release pricing system for third GEAP

The Energy Regulatory Commission (ERC) said it approved the price determination mechanism (PDM) for the third round of the Green Energy Auction Program (GEA...

Developers seek ‘correct’ price signals for next green energy auctions

Renewable energy developers asked the government to come out with the “correct price signals” for the incoming Green Energy Auction Program (GEAP) 3 and...

Danish firm CIP investing $30m to join RE auction

Danish company Copenhagen Infrastructure Partners (CIP) is investing $30 million in preparation for joining the Green Energy Auction Program (GEAP) for large wind projects...
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