News
Jollibee shifts 99% of commissary needs to geothermal power from First Gen
8+ hour, 16+ min ago (273+ words) MANILA, Philippines "Jollibee Group is going big to reduce its greenhouse gas emissions, with 99 percent of the power needs of its food production hubs now sourced from geothermal energy. For this move, the group tapped Lopez-led First Gen Corp. for…...
SMIC expands renewables business with geothermal power
5+ mon, 2+ week ago (329+ words) MANILA, Philippines " Sy family-led SM Investments Corp. (SMIC) is ramping up its renewables efforts as it eyes more opportunities outside geothermal and solar power sources. The parent firm of the SM Group said on Tuesday that it has begun exploring…...
First Gen’s P50-B gas deal to fund geothermal power
5+ mon, 2+ week ago (376+ words) First Gen Corp.s P50-billion gas deal with Prime Infrastructure Capital Inc. will give a major funding boost to its geothermal power business. This, as the firm hopes to hit 13,000 megawatts (MW) of renewable energy by 2030. Carlos Lorenzo Vega, the…...
EDC eyes additional geothermal power in Mindanao
6+ mon, 1+ day ago (313+ words) Energy Development Corp. (EDC) is looking at expanding its geothermal power operations in Mindanao with an additional capacity of up to 120 megawatts (MW), a top official said. Jerome Cainglet, EDC president and chief operating officer, said the company has an…...
EDC eyes $540-M boost to geothermal power plant fleet
6+ mon, 1+ week ago (362+ words) Lopez-led Energy Development Corp. (EDC) may have to shell out around $540 million to increase the capacity of its Bacon-Manito (Bac-Man) geothermal field in the Bicol region. In an interview with reporters, Jerome Cainglet, EDC president and chief operating officer, said…...
EDC fires up new P7-B geothermal power plant
6+ mon, 1+ week ago (386+ words) SORSOGON CITY " Lopez-led Energy Development Corp. (EDC) is boosting its dominance in the geothermal power with the activation of a new P7-billion facility in this city. EDC " a subsidiary of First Gen focused on geothermal, hydro, wind, and solar projects…...
DOE pushes for 2025 launch of geothermal de-risking
8+ mon, 6+ day ago (277+ words) MANILA, Philippines " The Department of Energy (DOE) remains keen on launching a multi-million dollar facility meant to de-risk projects for geothermal companies. This, despite the planned changes in the DOE's leadership mid-year. Mylene Capongcol, director of the DOE's Renewable Energy…...
First Gen takes over Pi Energy for P1B
8+ mon, 3+ week ago (349+ words) MANILA, Philippines - First Gen Corp. has taken control of affiliate renewable energy solutions producer Pi Energy through a P1-billion acquisition deal. Based on a disclosure on Monday, First Gen ... MANILA, Philippines " First Gen Corp. has taken control of affiliate renewable…...
Over 11,000 MW of clean energy seen powering Philippines
9+ mon, 14+ hour ago (627+ words) MANILA, Philippines " The Philippine government's push for more renewables is taking shape, with more than 11,000 megawatts (MW) of clean energy capacity expected to be online by MANILA, Philippines " The Philippine government's push for more renewables is taking shape, with more…...
First Gen seals renewable energy deal for Zambales factories
9+ mon, 2+ week ago (386+ words) MANILA, Philippines " First Gen Corp. has locked in the deal to power the local manufacturing plants of Japanese multinational firm Sanyo Denki Co. with renewable energy. In a statement on MANILA, Philippines " First Gen Corp. has locked in the deal…...