Friday, 10 July 2026
Nasdaq +1.30%
Subscribe NowSupport Us

Daily TribuneDaily TribuneDaily Tribune

Daily TribuneDaily TribuneDaily Tribune
Subscribe
Friday, 10 July 2026
Nasdaq +1.30%
  • News
  • Commentary
  • Business
  • Life
  • Show
  • Sports
  • Global Goals
Partner feature
Daily TribuneDaily Tribune

The Philippines' leading digital newspaper.

News
  • Headlines
  • Page three
  • Metro
  • Nation
  • Dyaryo Tirada
  • Obituary (Remember Me)
Commentary
  • Columnists
  • Opinion
  • Editorial
  • Scuttlebutt
  • Letter to the Editor
Business
  • Shipping
  • Portraits
  • Pep
  • Business Advisories
  • Technology (Tech Talks)
Life
  • Show
  • Food & Drink
  • Getaways
  • Arts & Culture
  • Social Set
  • Spaces
  • Fashion & Beauty
  • The Edit
  • Top Form
  • Next Gen
  • Sacred Space
  • Project Larawan
  • Snaps
Sports
  • Hoops
  • Volley
  • Golf
  • Goal
  • Boxing
  • Tennis
  • Esports
  • Blast

Company

  • About
  • Contact
  • Advertise
  • Privacy
  • Subscribe
  • Support Us

© 2026 Daily Tribune · tribune.net.ph · Powered by Quintype

BUSINESS

DOE maps out policies to spur RE surge

Maria Bernadette Romero·5 December 2025, 2:56 pm

Share

Department of Energy
Partner feature

In driving the country toward a greener future, the Department of Energy (DOE) is eyeing to develop more policies to support private energy companies in fast-tracking the Philippine Energy Plan 2023-2050, which targets a 50 percent renewable share in the nation’s power mix by 2040.

Energy Secretary Sharon S. Garin, who recently visited the Makiling-Banahaw (MakBan) Geothermal Power Facility and Cleanergy Center of Aboitiz Renewables, Inc., the renewable energy arm of Aboitiz Power Corp., said the agency will pursue public-private energy partnerships to advance the industry.

“The government is not just here to regulate. We are here to enable, partner with, and support you every step of the way.

 Together, we’ll continue to craft policies, create platforms, and build partnerships that lead us to achieve our energy goals,” Garin said Friday. 

Hosted by AboitizPower President and CEO Danel Aboitiz and Aboitiz Renewables executives led by President Jimmy Villaroman, Secretary Garin toured the facility and received briefings on the company’s renewable energy portfolio and project pipeline.

The 338.8-megawatt MakBan facility, one of the country’s largest and oldest geothermal plants, has been delivering reliable power to Luzon for over four decades. 

Nearby, a battery energy storage system (BESS) project in Bay, Laguna is under construction and is set to become the Philippines’ first-ever BESS and geothermal hybrid system.

“To the Aboitiz Renewables team, partners, and the host communities, congratulations on the continuing and thriving partnership you are showing in the operation of these geothermal power plants and innovative projects,” Garin said.

“May this inspire continued collaboration between the government, host communities, and the private sector in advancing clean and green energy for all Filipinos.”

The Philippines is currently the third-largest geothermal power producer globally after the United States and Indonesia, having been the second-largest until 2018. 

“We believe that renewables are not just a necessary part of the future — they are the future,” Villaroman said. “For us, every kilowatt we deliver is a contribution to our customers, to the power system, and to a more sustainable and resilient Philippines.”

Aboitiz Renewables operates a growing portfolio of geothermal, hydroelectric, solar, and BESS projects nationwide.

Share

Google Preferred Sources

Get more Daily Tribune stories in your search results

Add Daily Tribune as a preferred source on Google Search.

Add to Google
Partner feature

Suggested Articles

BOC is P11 B ahead of target collection for 2026—Nepomuceno
BUSINESS

BOC is P11 B ahead of target collection for 2026—Nepomuceno

Customs Commissioner Ariel Nepomuceno said the bureau is now ahead by P11 billion of its target collection for the year…

Raffy Ayeng·10 July 2026

After P2-B investment, Gokongwei joins PhilWeb board
BUSINESS

After P2-B investment, Gokongwei joins PhilWeb board

Lance Y. Gokongwei has taken a bigger role at listed PhilWeb Corp., joining its board of directors just months after…

Maria Bernadette Romero·10 July 2026

ADB, IMF slash 2026 Philippine growth forecasts
BUSINESS

ADB, IMF slash 2026 Philippine growth forecasts

The Asian Development Bank (ADB) has further downgraded the economic outlook for its host country, the Philippines,…

Toby Magsaysay·10 July 2026

ERC says no 12% cap on utility returns
BUSINESS

ERC says no 12% cap on utility returns

The Energy Regulatory Commission (ERC) on Friday rejected allegations that it unlawfully allowed Manila Electric Co.…

Maria Bernadette Romero·10 July 2026

AbaCore monetizes portfolio to spur growth
BUSINESS

AbaCore monetizes portfolio to spur growth

Listed AbaCore Capital Holdings Inc. is racing to monetize its portfolio of strategic assets amid a shift from an…

Maria Bernadette Romero·10 July 2026

GoTyme tops 10 million users
BUSINESS

GoTyme tops 10 million users

GoTyme Bank has surpassed 10 million users and accumulated more than P53 billion in deposits just over three years…

Toby Magsaysay·10 July 2026