FINWIRES · TerminalLIVE
FINWIRES

PetroEnergy Resources Unit Secures ECC for Capiz Solar Project

By

PetroEnergy Resources' unit EcoSolar Energy has received an Environmental Compliance Certificate (ECC) for the 98.2-megawatt Panitan Solar project in Capiz, Philippines.

The approval was issued by the Department of Environment and Natural Resources, according to a Tuesday Philippines Exchange filing.

EcoSolar, under PetroGreen Energy, is a joint venture involving PetroEnergy.

The solar project is targeted to begin operations by end-2028 and is expected to support renewable energy expansion in the Visayas while generating jobs and local economic activity, the filing said.

Related Articles

Asia

Filinvest Land Lists PHP9 Billion Bonds on Philippine Bourse

Filinvest Land (PSE:FLI) has listed its fixed-rate bonds worth 9 billion Philippine pesos on the Philippine Dealing & Exchange on Tuesday, according to a same-day Philippines Exchange filing.The issuance carries Series E three-year bonds due 2029 with a coupon rate of 7.3993% per annum.It marks the third tranche of the company's 35 billion pesos shelf-registered bond program, following earlier issuances in 2023 and 2025.

$PSE:FLI
Asia

Lianxiang Smart Home Experiences Unusual Stock Movement

Zhejiang Lianxiang Smart Home (SHA:603272) said it experienced an unusual stock movement over three consecutive trading days, but its operations are still normal, according to a Shanghai bourse filing on Tuesday.Huaneng's closing price between May 28 and June 1 was over 12%, indicating abnormal stock fluctuation.The company said it has no significant announcement or undisclosed information that could have affected its stock price, but it faces delisting after incurring losses in 2025.The Chinese decoration enterprise's shares rose nearly 2% during the midday trade.

$SHA:603272
Asia

Market Chatter: Taiwan Moves to Secure LNG Supplies as Middle East Tensions Persist

Taiwan has concluded liquefied natural gas (LNG) shipping schedules for June to August and is making winter procurement arrangements, amid Middle East tensions, state news agency CNA reported, citing Premier Cho Jung-tai's Cabinet meeting address.Cho said the government has reviewed supplies of energy, agricultural inputs, and petrochemical feedstocks and confirmed overall domestic supply remains stable with prices gradually normalizing, according to the report.He added that LNG shipping plans for summer have been set, and winter procurement planning is underway, while industrial gas prices will rise by 5% in June, but residential and power-related rates will remain unchanged. The government will continue price-stabilization measures and inspections to prevent unreasonable price increases and maintain market stability, CNA said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^TWII