First Gen says government support key to advancing geothermal development - BusinessWorld - BusinessWorld Online

Published December 31, 2025

First Gen Highlights Importance of Government Support for Geothermal Development

First Gen Corporation has emphasized the critical role of government backing in the advancement of geothermal energy projects in the Philippines. This assertion was made during the company’s recent presentation at the Philippine Geothermal Energy Summit 2023, where industry leaders gathered to discuss the future of geothermal energy in the country.

As the largest producer of renewable energy in the Philippines, First Gen has been at the forefront of geothermal development, operating several geothermal power plants across the nation. The company’s geothermal facilities contribute significantly to the country’s energy mix, providing clean and reliable energy to meet the growing demand.

Government Initiatives and Support

First Gen’s executives noted that the Philippine government’s initiatives are vital for enhancing geothermal energy production. They highlighted the need for regulatory frameworks that support exploration and development activities. This includes policies that facilitate the issuance of exploration permits and streamline the approval processes for geothermal projects.

During the summit, First Gen’s President and COO, Francis Giles B. Puno, pointed out that the government’s support can help accelerate investments in the geothermal sector. He underscored the importance of creating an environment conducive to investment, which would ultimately lead to increased geothermal capacity and energy security for the country.

Geothermal Energy Potential in the Philippines

The Philippines is recognized as one of the world’s top producers of geothermal energy, ranking third globally in installed capacity. The country has an estimated geothermal potential of around 4,000 megawatts (MW), with only about 1,900 MW currently developed. This indicates significant room for growth in the geothermal sector, which can be harnessed with the right government support and investment.

First Gen has been proactive in expanding its geothermal portfolio. The company operates the 1,200 MW Leyte Geothermal Production Field, which is a key contributor to the country’s renewable energy supply. Additionally, First Gen is involved in ongoing exploration activities to identify new geothermal resources that could further enhance its energy offerings.

Challenges Facing Geothermal Development

Despite its potential, the geothermal sector in the Philippines faces several challenges that must be addressed to unlock further development. First Gen’s executives pointed out that lengthy permitting processes and regulatory uncertainties can deter potential investors. They called for the government to simplify these processes and provide clearer guidelines to facilitate faster project approvals.

Moreover, the initial capital investment required for geothermal projects is substantial, which can be a barrier for new entrants into the market. First Gen advocates for financial incentives and support mechanisms that can help lower the financial risks associated with geothermal exploration and development.

Collaboration with Stakeholders

First Gen believes that collaboration among various stakeholders is essential for the growth of the geothermal sector. This includes partnerships between the government, private sector, and local communities. Engaging with local communities is particularly important, as it helps to address any concerns and ensures that the benefits of geothermal projects are shared equitably.

The company has demonstrated its commitment to community engagement through various initiatives aimed at promoting sustainable development and enhancing the livelihoods of local residents. These efforts include providing job opportunities, supporting education, and investing in local infrastructure.

Future Outlook for Geothermal Energy

Looking ahead, First Gen remains optimistic about the future of geothermal energy in the Philippines. The company is committed to increasing its renewable energy capacity and believes that with the right government support, the geothermal sector can play a pivotal role in the country’s energy transition.

The Philippine government has set ambitious targets for renewable energy, aiming for a 35% share of renewables in the energy mix by 2030 and 50% by 2040. Achieving these targets will require significant investments in geothermal and other renewable energy sources. First Gen is well-positioned to contribute to these goals, leveraging its expertise and experience in the geothermal sector.

Conclusion

In conclusion, First Gen Corporation has reiterated the importance of government support in advancing geothermal development in the Philippines. By addressing regulatory challenges, fostering collaboration among stakeholders, and investing in local communities, the country can unlock the full potential of its geothermal resources. With a strong commitment to renewable energy, First Gen aims to lead the way in the sustainable development of geothermal energy, ultimately contributing to a cleaner and more secure energy future for the Philippines.

Sources

• https://news.google.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?oc=5

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• None

EDF deal offers glimmer of hope for stalled Asian offshore wind giant - Recharge News

Published December 31, 2025

EDF Agreement Provides Renewed Optimism for Delayed Asian Offshore Wind Project

The offshore wind sector in Asia has faced numerous challenges, but a recent agreement involving EDF Renewables has sparked renewed optimism for one of the region's significant offshore wind projects that has been stalled. This development comes at a time when the demand for renewable energy sources is on the rise, and countries are increasingly looking to offshore wind as a viable solution to meet their energy needs.

EDF Renewables has entered into a partnership with the company behind the offshore wind project, which has been delayed for several years due to various regulatory and financial hurdles. The agreement signifies a critical step forward in the project’s development timeline, offering a glimmer of hope for a sector that has seen considerable setbacks in recent times.

Background on the Offshore Wind Project

The offshore wind project in question is located in a region that has been identified as having substantial wind resources, making it an ideal candidate for wind energy generation. Originally slated for development several years ago, the project has encountered several obstacles, including regulatory delays, financing challenges, and competition from other energy sources.

Despite these challenges, the project has remained a focal point for energy planners in the region, who recognize the potential benefits of harnessing offshore wind energy. The project aims to contribute significantly to the local grid and help meet the increasing energy demands of the surrounding communities.

Details of the EDF Agreement

The agreement between EDF Renewables and the project developers outlines a comprehensive framework for moving forward with the stalled offshore wind project. Key components of the agreement include financial commitments, timelines for development, and collaborative efforts to navigate regulatory requirements.

EDF’s involvement is particularly noteworthy given the company’s extensive experience in renewable energy projects worldwide. With a portfolio that includes numerous successful offshore wind farms, EDF brings valuable expertise to the table, which is expected to facilitate the project’s advancement.

As part of the agreement, EDF will also provide technical support and project management services, leveraging its global network to ensure that the project adheres to best practices in offshore wind development. This support is anticipated to streamline processes and address potential challenges more effectively.

Implications for the Offshore Wind Sector in Asia

The EDF agreement is expected to have broader implications for the offshore wind sector across Asia. As countries in the region continue to set ambitious renewable energy targets, successful projects like this one can serve as a model for future developments. The collaboration between EDF and the project developers may inspire other stakeholders to pursue similar partnerships, potentially accelerating the growth of offshore wind in Asia.

Moreover, the successful execution of this project could lead to increased investor confidence in the Asian offshore wind market. A well-executed project has the potential to attract further investments, which are crucial for the expansion of renewable energy infrastructure in the region.

Challenges Ahead

While the EDF agreement brings renewed hope, several challenges remain that need to be addressed for the project to move forward successfully. Regulatory approvals are often a significant hurdle in the development of offshore wind projects, and navigating these requirements will be crucial for the timely realization of the project.

Additionally, securing financing remains a critical factor. While EDF’s involvement may enhance the project’s credibility, attracting sufficient investment will be essential to cover the substantial costs associated with offshore wind development. Stakeholders will need to work collaboratively to create a financial structure that supports the project’s long-term viability.

Conclusion

The recent agreement between EDF Renewables and the developers of the stalled offshore wind project marks a significant milestone in the Asian renewable energy landscape. As the project moves forward, it has the potential to not only contribute to local energy needs but also serve as a catalyst for the growth of the offshore wind sector in the region. With continued collaboration and commitment from all parties involved, the dream of harnessing offshore wind energy in Asia may soon become a reality.

As the global energy landscape continues to evolve, the successful execution of this project will be closely watched by industry experts and stakeholders alike. The lessons learned from this endeavor could pave the way for future offshore wind projects in Asia, further solidifying the region's commitment to renewable energy and sustainability.

Sources

• https://news.google.com/rss/articles/CBMixAFBVV95cUxOX3lWbUcwcUZna1lmemo5RG11Z3NkTjJ3SnpGNXJFRGg3MENIZXh5N3hPZnU1OFFwZ0hJeEVGZnY2M095WHdUelFiWlZrRUJ4SGE0QWZfWTF2eVNjQUpmRlVSdDRjTXllR2VQZFliQUtJclRLbFNiekNma242c2x2US1zYV9ZUFo4QnBUM09Zb0xERThfeFZhdDJzT1VXYVFnWWJ5QWxEeVlDNEZUWmpQNmdDc2RVaC1HdDJ1TzRiX2U5ODhY?oc=5

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• None

Builder Kajima leaves Japan wind farm project as costs rise - Nikkei Asia

Published December 31, 2025

Builder Kajima Exits Japanese Wind Farm Project Amid Rising Costs

Japanese construction firm Kajima Corporation has officially withdrawn from a significant wind farm project in Japan, citing escalating costs as the primary reason for its departure. This decision comes as the renewable energy sector faces various challenges, including supply chain disruptions and increasing material costs, which have affected project viability across the industry.

The wind farm project, located in the Akita Prefecture, was initially part of a larger effort to boost Japan's renewable energy capacity. Kajima had been collaborating with other stakeholders, including local governments and energy companies, to develop this renewable energy source. However, as expenses continued to rise, the project became less economically feasible for the firm.

In a statement released to the media, Kajima indicated that the financial implications of continuing with the project were untenable. The company emphasized its commitment to sustainable energy but acknowledged that the current economic environment posed significant hurdles. The firm has been involved in various renewable energy projects across Japan and has been a proponent of the country's transition to greener energy sources.

Japan has set ambitious goals for increasing its reliance on renewable energy, aiming to generate 36-38% of its electricity from renewable sources by 2030. Wind energy plays a crucial role in this strategy, and the government has been actively promoting the development of offshore and onshore wind farms. However, the recent withdrawal of Kajima highlights the difficulties faced by the industry in achieving these targets.

The Akita wind farm project was expected to contribute significantly to Japan's renewable energy output. The development was part of a broader initiative to harness the country's wind resources, especially in coastal areas where wind conditions are favorable. Despite the withdrawal of Kajima, other companies may still pursue the project, although the path forward may require additional investment and strategic planning.

Industry analysts have pointed out that the challenges faced by Kajima are not isolated. Many construction and energy firms in Japan are grappling with similar issues, including rising material costs and labor shortages. The COVID-19 pandemic has exacerbated these challenges, leading to delays and increased expenses for ongoing projects. As a result, some companies are reevaluating their commitments to large-scale renewable energy initiatives.

The Japanese government has been aware of these challenges and is working on measures to support the renewable energy sector. Initiatives include financial incentives for renewable energy projects and regulatory reforms aimed at streamlining the approval process for new developments. However, the effectiveness of these measures remains to be seen, especially in light of the current economic climate.

As Kajima steps back from the Akita wind farm project, the company remains focused on its other business ventures, including construction and infrastructure development. Kajima has a long history in the construction industry and has been involved in numerous high-profile projects both domestically and internationally. The firm continues to explore opportunities in renewable energy, although it may take a more cautious approach moving forward.

The withdrawal of Kajima from the Akita wind farm project serves as a reminder of the complexities involved in the transition to renewable energy. As the industry evolves, companies will need to navigate a landscape marked by fluctuating costs and shifting market dynamics. The future of renewable energy in Japan will depend on the ability of stakeholders to adapt to these challenges while remaining committed to sustainability goals.

In conclusion, the exit of Kajima from the Akita wind farm project underscores the ongoing difficulties faced by the renewable energy sector in Japan. As costs continue to rise and economic uncertainties persist, the industry must find innovative solutions to ensure the successful implementation of renewable energy initiatives. The commitment to a sustainable energy future remains strong, but achieving ambitious targets will require collaboration, investment, and strategic planning from all stakeholders involved.

Sources

• https://news.google.com/rss/articles/CBMioAFBVV95cUxNNGVPNFZoVHB0ZnBvU0trQWJ0Z185Z3FXTC1CNUkyY3BkbklzUVlBMEQ5Z0hPb3U5UTJwbVZYWnppanl1SGlSU0RpZDJmR2M0ZUZwUGJxejF3UDJXdkl2WnF2VlozS3RTWjBGd2FfV3ZIczNUMWkzVUFwVzFPamJFVVF2RDd1VVd2ZnM0LU5zLXFkV1ZzRUp1b0x0eG9GSXg1?oc=5

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• None