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'PHL must tap renewable energy sources'

'PHL must tap renewable energy sources'
businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.

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DOE underscores role of energy in sustainable economic development

TAGUIG CITY, Jan. 22 The Department of Energy (DOE) underscored the crucial role of energy in spurring sustainable economic development in the country during today’s Philippine Energy Independence Council (PEIC)-European Chamber of Commerce of the Philippines virtual forum on energy transition.
With the theme, “Philippine Energy Transition: A Race through Economic Disruption, Technology Shifts and Innovation”, the forum featured discussions on how providing greater energy opportunities for the Filipino people could help the country attain energy independence and security.
“There will always be a strong interrelationship between energy and economic development. Ensuring that we have sufficient, stable, and accessible energy supply and services to support progress, particularly our economic recovery efforts amid the COVID-19 pandemic, entails strong collaboration among all our energy stakeholders,” Energy Secretary Alfonso G. Cusi said in his keynote message de ....

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Energy to remain affordable amid transition to renewable sources —DOE

Energy to remain affordable amid transition to renewable sources DOE
By TED CORDERO, GMA News
Published January 21, 2021 6:52pm
The Department of Energy (DOE) said the cost of electricity will still be affordable as the country plans a shift towards renewable energy (RE) sources.
“We are anticipating a shift in our power generation mix, again from one that is coal-centered, to one where renewable energy, natural gas, and other emerging sustainable energy technologies make up two-thirds of our total generation by year 2040,” Energy Secretary Alfonso Cusi said in an online forum organized by the Philippine Energy Independence Council (PEIC) and European Chamber of Commerce of the Philippines (ECCP), Energy ....

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AC Energy approves nearly P11B in funding for solar, wind projects

December 18, 2020 | 12:08 am
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AYALA-led AC Energy Philippines, Inc. (ACEN) has approved a total of P10.81 billion in funding for a solar energy project and a wind farm, the firm told the local bourse on Thursday.
Its board of directors greenlit the financing of a solar plant project in Arayat and Mexico, Pampanga, through a secured loan, which would cover 100% of the project cost at P3.33 billion.
The firm also authorized the P7.48-billion funding of a wind farm project in Pagudpud, Ilocos Norte. This would take up 70% of the total project cost.
ACEN also approved the preparatory works needed for the planned follow-on offering, and a special audit of the company’s increase in authorized capital stock with multidisciplinary professional services firm SyCip Gorres Velayo & Co. ....

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