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Senator Migz Zubiri has lauded the Philippines’ rise to the second spot in BloombergNEF Climatescope’s 2024 rankings for “the most attractive emerging markets for renewable energy investment,” a glaring proof of the nation’s growing commitment to renewable energy. “This is a fantastic development built on our whole-of-government approach towards increased usage of renewable energy, led […]
The Department of Trade and Industry (DTI) lauded the Philippines’ rise to second place in the global ranking of the most attractive emerging renewable energy (RE) investment markets, based on the 2024 Climatescope report released by BloombergNEF. This achievement marks a significant leap forward for the country, which ranked fourth in the previous year. The […]
The Philippines, through the Department of Environment and Natural Resources (DENR), continues to make significant advances in building a favorable investment climate for the renewable energy industry and nature-based solutions initiatives as part of the Philippines’ contribution to global climate action. DENR Secretary Maria Antonia Yulo Loyzaga shared the Department’s initiatives in creating an enabling […]
As prices of oil spike and production are choked by war and politics, Senate President Migz Zubiri said fossil-fuel dependent Philippines should tap its large renewable energy potentials, such as solar, hydro and wind, to lower electricity costs and tame inflation. “If we can tap into the country’s vast potential of renewable energy, especially solar, […]
The Technological Institute of the Philippines (T.I.P.) is working with Aboitiz Power Corporation (AboitizPower) to provide an environment for the small and large scale testing of one of its ongoing Battery Energy Storage System (BESS) projects. The deal was initiated in April 2022 but was formalized only last January 16, 2023 by virtue of a research collaboration […]
The House Committee on Energy resumed deliberation on House Bill 295, authored by Bacolod City Representative Greg Gasataya, which seeks to provide incentives for the construction, operation and development of Renewable Energy (RE) storage facilities. Committee vice-chairperson and LPGMA Party-list Representative Allan Ty presided over the meeting. “The bill intends to provide access to and […]
Cagayan de Oro City 2nd District Representative Rufus Rodriguez pushed for the passage of a bill establishing the Philippine Renewable Energy Corp. (PREC) that would focus on the development of renewable energy (RE) sources in the country. Under his House Bill No. 4205, Rodriguez said Congress needs to enact measures that would help ensure a […]
A lawmaker urged the incoming administration of President-elect Ferdinand Marcos Jr. to ask Norway to develop the West Philippine Sea as a source of clean and renewable offshore wind energy. Makati City Representative Luis Campos Jr. said offshore wind farms in the West Philippine Sea would be consistent with the long-term plans to develop the […]
To encourage large power consumers to invest in the electricity sector and develop the use of indigenous and renewable energy (RE) resources, Senator Win Gatchalian proposed the removal of the 100-kilowatt size limit in the installation of power generation facilities under the net metering program through Senate Bill No. 2219. Removing the 100-kilowatt cap will […]
Senator Win Gatchalian is optimistic that Senate Bill 363, or the proposed framework for the Waste-to-Energy Act, will soon get the thumbs up from senators. At the sidelines of the recetly-held Forum on Renewable Energy and Waste-to-Energy jointly hosted by the PPP Center and the Asian Development Bank (ADB), Gatchalian said consultations with some stakeholders […]