Alternergy Holdings Corp. (ALTER) will soon return to the market to raise around P15 billion to bankroll remaining renewable power projects in its pipeline in line with its target to reach 500 megawatts by 2026.
Alternergy Holdings Corp. reported a significant financial boost, with its net income jumping 239 percent to P130 million by the close of its fiscal year.
PLDT Inc. and its wireless arm, Smart Communications Inc., are making a major environmental shift by switching 24 of their facilities in Greater Metro Manila to 100 percent renewable energy.
The Ayala Group announced that six Healthway Medical Network facilities are transitioning to renewable energy through a partnership with ACEN Renewable Energy Solutions. These facilities will be powered by ACEN’s wind, solar, and geothermal energy sources.
Tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. is making major moves in the renewable energy space, with 13 of its projects gaining national significance status from the Department of Energy.
PLDT Inc. and Smart Communications Inc., in collaboration with First Gen Corp., are switching six of their critical network facilities in Mindanao to 100 percent renewable energy.
Manuel V. Pangilinan-led Manila Electric Co. is partnering with global investment fund Actis, which will acquire a 40 percent stake in the Terra Solar project for $600 million (P34 billion), marking the largest foreign direct investment in a greenfield infrastructure project in the Philippines.