You are here: Home » Geography » Philippines
Philippines
More News and Commentary
IEEFA
PV Tech: Masdar has signed an agreement with Malaysian state-owned energy firm Petronas to explore the development of large-scale solar projects in Asia and the Middle East. A new memorandum of understanding will see the two companies work together to participate in solar and wind opportunities for utilities as well as commercial and industrial customers, […]
IEEFA
Power Magazine: Floating energy storage systems are being developed for use in areas wanting to increase their use of renewable energy, but with constraints on the land available that could be used for solar and wind farms or land-based energy storage. Southeast Asia is one area ready to utilize such installations. The technology group Wärtsilä […]
IEEFA
NHK News: The governor of the Japan Bank for International Cooperation has said that the government-owned financial institution will stop funding new coal-fired power plant projects overseas. The comment Tuesday by Maeda Tadashi comes amid growing opposition to the use of coal and the role of banks in financing them. He said, “The trend now […]
Sam Reynolds
LNG importers will bear climate-related risks of exporting countries, threatening energy security and electricity costs
The Texas energy crisis has become world news. During last week’s extreme winter weather, surging electricity demand collided with falling generation, forcing the state’s grid operator to implement rolling blackouts. In many cases, blackouts lasted for over 24 hours, causing fuel and electricity supply shortages and disruptions throughout the gas supply chain. At least 4.5 […]
IEEFA
The Philippine Star: Solar Philippines submitted a project description for scoping to the Department of Environment and Natural Resources-Environmental Management Bureau (DENR-EMB) for its Batangas 3 Solar Baseload Plant in Nasugbu, Batangas. The company’s proposed project has a capacity of 2,000 megawatt-peak (MWp) photovoltaic (PV) solar power plant and 6,000 megawatt-hours (MWh) battery energy storage […]
IEEFA
Manila Bulletin: Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power projects in the Philippines. That came as a daring statement from RCBC President and CEO Eugene S. Acevedo, the first bank chief executive to do so following last month’s coal moratorium declaration by […]
Press Release and Sara Jane Ahmed
Shift from diesel to renewables can save electric coops P1.4-1.7 billion over next decade
3 December 2020 (IEEFA Philippines): The record-breaking disasters in the Philippines this year highlight the potential for renewable energy to power small island and isolated power grids and save the country up to P13.5 billion per year, and electric cooperatives an additional P1.4 to P1.7 billion over the next decade, finds a new report from […]
Clark Williams-Derry and Seth Feaster
Bear market for coal, new financial pressures push world’s largest coal company towards default
Just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months. Coal bankruptcies in the United States have become increasingly common. Cheap gas and renewable power have steadily replaced coal in the […]
Press Release, Sara Jane Ahmed and Melissa Brown
Policymakers and industry leaders ready to embrace new energy technologies
3 November 2020 (IEEFA Philippines): The Department of Energy’s call for a moratorium on greenfield coal power plants marks a clear break with past policies and comes as the Philippines prioritizes the need for more resilient, flexible and lower cost alternatives to fossil fuel baseload power, finds a new report from the Institute for Energy […]
Tim Buckley
The writing is on the wall for coal, and now globally significant financial institutions are starting to shun high risk oil and gas projects
What started as a trickle is turning into a rush for the exit as countries, financial institutions and companies commit to quitting coal – and increasingly oil and gas as well. 2020 to-date has seen 56 global banks, insurers, pension funds and asset managers announce new or expanded coal exit policies – 143 globally significant […]
IEEFA Philippines: NPC-SPUG shift can drive savings to P13.5 billion per year
Shift from diesel to renewables can save electric coops P1.4-1.7 billion over next decade3 December 2020 (IEEFA Philippines): The record-breaking disasters in the Philippines this year highlight the potential for renewable energy to power small island and isolated power grids and save the country up to P13.5 billion per year, and electric cooperatives an additional P1.4 to P1.7 billion over the next decade, finds a new report from […]