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WEBDOE estimates USD 80.70 billion needed for energy investments. The Department of Energy (DOE) said a USD 80.70 billion investment package is needed by the Philippines between now and 2028 to meet its reliable.. Business.
Coal is not a cheap energy solution for PH— First Gen
WEB16 hours ago · This price volatility undermines the belief that coal is always a cheap energy source. The Philippines, which imports more than 80% of its coal requirements, has become the most coal-dependent country in Southeast Asia, with 61.9% of its electricity generated from coal in 2023. Vega added that coal causes environmental harm, noting that it is ...
DOE eyes 3,309MW capacity boost in 2024 | Power Philippines
WEBFeb 14, 2024 · Power Philippines News. on February 14, 2024 at 1:50 pm. The Department of Energy (DOE) anticipates a significant capacity addition of 3,309 megawatts in the country this year, including 334 megawatts from battery energy storage systems (BESS). Primarily, the Luzon grid will witness a surge in renewable energy (RE) technologies, dominated by ...
New SEC Guidelines to aid in growth of power sector
WEB1 day ago · on October 8, 2024 at 10:37 am. The Securities and Exchange Commission (SEC) is preparing to launch a set of guidelines early next year aimed at stimulating further growth in the country’s power sector. The initiative, titled Securing and Expanding Capital for PowerGen Operators and Wholesale Electricity and Retail Services (SEC POWERS), will ...
DOE, DENR sign agreement to fast-track offshore wind projects
WEB2 days ago · on October 7, 2024 at 10:09 am. The Department of Energy (DOE) has signed a Memorandum of Agreement (MOA) with the Department of Environment and Natural Resources (DENR) to facilitate the use of offshore areas covered by offshore wind energy service contracts, including auxiliary zones, for the exploration, utilization, and development of ...
98% of Philippine firms have set sustainability goals, says …
WEB17 hours ago · on October 9, 2024 at 11:05 am. A recent survey conducted by French multinational firm Schneider Electric reveals that the vast majority of Philippine firms have adopted sustainability as a key agenda, with 98% setting sustainability targets. In a report by GMA News Online, Schneider Electric quoted the …
12K households to benefit from DOE’s microgrid auction
WEBon July 15, 2024 at 10:28 am. The Department of Energy (DOE) is set to initiate another round of the competitive selection process (CSP) to develop microgrid systems aimed at electrifying remote areas of the country. This initiative is expected to benefit approximately 12,212 households. In a report by the Philippine Star, the DOE said it will ...
DOE to endorse 21 projects to NGCP for study - Power Philippines
WEBon January 17, 2024 at 2:13 pm. The Department of Energy (DOE) is endorsing 21 power projects for a system impact study (SIS) to be conducted by the National Grid Corporation of the Philippines (NGCP). The Manila Standard reported that the last batch produced 175 projects, generating almost 40,000 megawatts (MW) by the end of 2023.
DOE: 4,000 MW power projects will come online this year
WEBon April 25, 2024 at 3:53 pm. In an attempt to amplify the country’s energy infrastructure and strengthen the power supply, the Department of Energy (DOE) announces that around 4,164.92 megawatts (MW) of power projects, which is a mix of renewable and conventional sources, will come online this year. “We call upon the LGUs and other ...
Energy companies establish offshore wind organization
WEBon December 14, 2023 at 2:00 pm. Six major energy companies have joined forces to establish the Philippine-based offshore wind industry organization now known as Pilipinas Offshore Wind Energy Resource Inc. (POWER). In a report by Philippine Star, the organization, founded by ACEN Corporation, Blue …