EDC to tap new ASEAN green bonds for expansion goals

Originally published on powerphilippines.com In an attempt to generate Php 10 billion to finance the company’s expansion goals,  the Energy Development Corporation (EDC) will tap new ASEAN green bonds. The proposed second round issuance would include Php 10 billion fixed-rate bonds that would still be subjected to the approval of the Securities and Exchange Commission […]

EDC planning to drill new geothermal wells

Originally published on manilatimes.net GEOTHERMAL company Energy Development Corp. (EDC), a subsidiary of listed renewable energy (RE) firm First Gen Corp., said Monday that it was planning to spend about $1 billion (approximately P56.8 billion) over the next three years to drill more geothermal wells to expand capacity. This was announced by EDC Vice Chairman […]

EDC bags Ceneco power supply deal

Originally published on businessmirror.com.ph Energy Development Corp. (EDC) won the tender to supply baseload power to Central Negros Electric Cooperative (Ceneco), one of the biggest electric cooperatives in the Visayas region. EDC, a subsidiary of First Gen Corp., will supply 20 megawatts (MW) to Ceneco for 10 years. It will commence in the last quarter […]

First Balfour, EDC sign contract to build energy storage

Originally published on manilastandard.net First Balfour Inc. signed a contract with Energy Development Corp. (EDC) for its battery energy storage system (BESS) facilities with a combined capacity of 40 megawatts (MW). First Balfour, the Lopez Group’s engineering and construction arm, said in a statement the project involves three standalone BESS projects co-located with EDC’s existing […]

Igniting a Career-Ready Future with EDC-SIKAT Scholar Graduates

The transition from a controlled environment such as college to a competitive and dynamic professional realm is a critical and challenging path that every student must face upon graduation. In an ever-evolving job market where hiring managers prioritize adaptable and versatile individuals, the pressure is on for college graduates to step up and show that […]

Net Zero Carbon Alliance urges climate action for PH business industry

MANILA, PHILIPPINES, September 25, 2023 – While much of the global economy has committed to reaching net-zero emissions, a closer look has yet to be done on how Philippine businesses can take concrete actions and veer away from potential greenwash, according to the Net Zero Carbon Alliance (NZCA), a pioneering consortium of Philippine enterprises committed […]

Net Zero Carbon Alliance Conference: Seeing net zero through Philippine lens

There should be no doubt that climate change is real – in fact, over 97% of climate scientists agree. And as it stands, one of the major causes of this harmful phenomenon are burning fossil fuels such as coal, oil, and gas. The Philippines alone has emitted approximately 146.5 million tons of carbon dioxide from […]

Renewables options needed in the Philippines despite grid limitations: clean energy advocates

Originally published on eco-business.com The country’s latest green energy auction might have been hampered by issues with transmission lines, but experts say this should not stop businesses from expanding their renewables use. Battery storage could be a solution. Energy Development Corp’s 3.6MW binary geothermal power plant in Kidapawan City, Cotabato in Mindanao. Image: EDC The Philippines’ lack […]

Road to Net Zero

Originally published on malaya.com.ph First Gen Corporation supplies a reliable source of clean power to distribution utilities and qualified businesses from its 100% renewable power arm, Energy Development Corporation. THE pursuit of Net Zero journeys must be executed in crucial phases to achieve the goal of zero greenhouse gases (GHG) emission by as early as […]

Multisectoral consortium seeks carbon neutrality by 2050

Originally published on pna.gov.ph Some 20 private sector members of the Net Zero Carbon Alliance (NZCA) on Friday vowed to work together to attain carbon neutrality by 2050 by using a portal that will track the performance of each partner based on their carbon emissions and to fight the growing climate change threat. “Today, we […]