Philippines

AboitizPower’s earnings down 4% to $302.48m in H1

Depreciation of its coal plant assets impacted income negatively.

AboitizPower’s earnings down 4% to $302.48m in H1

Depreciation of its coal plant assets impacted income negatively.

ACEN taps Singaporean firms to advance retirement of coal-fired plant in PH

Transition credits will be used to decommission the Ayala firm’s Batangas coal plant.

Citicore’s profit slips 21% to $4.73m in H1

Meanwhile, revenue was up 13% thanks to higher electricity sales.

ACEN sets eyes on quadrupling renewables for cleaner energy by 2030

It is also seeing growth opportunities in other sectors such as energy storage.

ACEN’s net income jumps 49% to $107.1m in H1 2024

Improved selling in the wholesale electricity market boosted gains.

Citicore’s net income up 9% to $15.47m in 2023

Thanks to higher revenues driven by the sale of electricity.

RATCH Group’s PH solar plant goes online

It has a 10-year PPA with an Aboitiz unit.

PH to resume reserve market early-August

Adjustments to the WESM will be made for this.

PH to rollout energy scorecard for climate resilience

The final scorecard for electric cooperatives will be out in September.

How the Philippines plans to achieve 100% electrification by 2028

More than 2 million households still live without electricity.

Meralco’s core net income jumps 21% in H1

Thanks to higher sales volumes of the distribution utility.