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Energy Law

NGCP

NGCP’s Review of the Revised Transmission Rules: Legal Implications and Future Regulatory Directions

Energy Law /

Regulatory Framework and Franchise Considerations The approval of the Energy Regulatory Commission (ERC) of the revised implementing rules governing transmission development marks a significant policy shift in the Philippine power sector. The new framework permits other entities besides the National Grid Corporation of the Philippines (NGCP) to fund and construct specific transmission assets that are […]

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Sustainable Finance Philippines

On the Rise: Sustainable Finance in the Philippines

Energy Law, Environmental Law /

Understanding Sustainable Finance           One of the leading vital tools in the world that contributes to economic growth while addressing climate change is sustainable finance. According to the European Commission, the primary executive branch of the European Union, sustainable finance takes into consideration the environmental, social and governance (ESG) factors creating investment decisions to ensure

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sustainable finance

Promoting Sustainable Finance in the Philippines

Energy Law, Environmental Law /

The Potential of Green Investments for Economic Recovery in the Philippines The Bangko Sentral ng Pilipinas recognizes the importance of sustainability objectives and views green investments as a way to achieve economic recovery. The pandemic presents an opportunity to expand investments in green projects and activities. Green stimulus measures offer new jobs from renewable energy,

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Department of Energy Supports One Hundred Percent Foreign Ownership for Renewable Energy Projects

Energy Law /

By the year 2030, the Department of Energy (DOE) aims to attain a thirty-five percent (35%) share of renewable energy in the country’s energy mix. The DOE foresees this positive attainment by supporting one-hundred percent (100%) foreign ownership in renewable energy projects. This is pursuant to DOE’s Department Circular No. 2022-11-0034 which amended Section 19

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renewable energy

Renewable Energy Companies may now be 100% Foreign Owned

Energy Law, Environmental Law /

The long-standing restriction on the exploration, development, and utilization of inexhaustible renewable energy sources is expected to be relaxed according to the Department of Justice (DOJ). Under Section 2, Article XII of the Philippine Constitution, the exploration, development, and utilization of natural resources shall be under the complete control and supervision of the State. The

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green energy auction

The Department of Energy’s Green Energy Auction Program paves the way for a Greener Energy Sector

Energy Law, Environmental Law /

On 03 November 2021, the Department of Energy (“DOE”) issued the Revised Guidelines for the Green Energy Auction Program in the Philippines (“GEAP Guidelines”).[1] The GEAP Guidelines establish the framework to facilitate the selection of eligible renewable energy plants through a competitive process or auction. It also provides for the principles observed in the conduct

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