Meralco PowerGen Corp. (MGen) has signified its interest to develop offshore wind power projects and team up with foreign investors. “Yes, we are very interested in offshore wind. These are huge investments. These are huge tracks of offshore wind that is available in the Philippines. We are seriously looking at…
ACE Enexor Inc. is in active discussions with potential partners about oil drilling in Service Contract 55 (SC55) offshore west Palawan. “We’re focusing a lot right now in terms of derisking it and looking for partners. We’re actively talking with them in different stages. Some of them have initially approached,…
Power firms are heeding the call of the Department of Energy (DOE) to explore opportunities in the country’s offshore wind industry following last week’s release of the Philippines Offshore Wind Roadmap, which is seen to bring in as much as 40 gigawatts (GW) of offshore wind installations by 2050. San…
AC Energy Corp. (ACEN) has sold its power barge for P39.2 million to SPC Power Corp. ACEN and SPC executed on April 19 the deed of absolute sale for the power barge, a 4x8MW oil-fired diesel power barge and is currently decommissioned in Lapu Lapu City. “With the sale of…
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