SM Geothermal Unit Secures Contract in Philippine Renewable Energy Auction
Philippine Geothermal Production Co. Inc. (PGPC), a unit of SM Investments Corp., has won a contract in the government's fifth round of renewable energy project auctions (OCSCP-5), signaling its contribution to expanding the nation's renewable energy supply.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- First Gen Rejects Lopez Majority's Claims on Hydropower Deal, Cites Misunderstanding
First Gen Corp. has refuted new allegations from the Lopez majority regarding its investment in a hydropower business, labeling the claims as erroneous and malicious, stemming from a misunderstanding of M&A transactions.
- Philippines Accelerates Renewable Energy Transition with International Support for Energy Security
Amidst an energy crisis triggered by the Middle East conflict, the Philippines is accelerating its transition to solar and wind power. Japan's MUFG Bank is supporting Filipino companies' ESG goals through financing, while the Asian Development Bank (ADB) is promoting initiatives to foster clean energy transition across the region.
- Citicore Renewable Energy Eyes Over 2 GW New Capacity by 2027 Amid Expansion Drive
Despite market headwinds, Citicore Renewable Energy Corp. (CREC) of the Philippines is aggressively expanding, targeting over 2.2 gigawatts (GW) of new capacity to come online by 2027. The company emphasizes its contribution to national energy independence and economic growth.
- CREIT Poised for New Solar Asset Acquisitions Amid Economic Opportunities
Citicore Energy REIT Corp. (CREIT), the Philippines' first renewable energy REIT, is preparing to acquire new solar assets, capitalizing on expansion opportunities within the domestic economy. The company aims to further invest in the renewable energy sector.