Abo and Penaranda Law firm

Energy Law

sustainable finance

Promoting Sustainable Finance in the Philippines

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

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

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

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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