First Gen

First Gen Holdings delayed exercising a **P23.5-billion Lopez family clause** for 60 days before the Lopez family initiated legal action. The dispute stems from a corporate governance conflict involving control rights and shareholder agreements. The company’s board and the Lopez family are now engaged in a public feud over governance and asset management decisions. This escalation follows a prolonged standoff over strategic directions and shareholder protections.

May 2026RAPPLERNews article

First Gen Corp. anticipates improved financial results in 2026 driven by its geothermal energy drilling projects. The company highlights investments in geothermal exploration as a key growth driver. Executives express confidence in the sector’s potential despite broader market uncertainties.

Mar 2026INQUIRER.netNews article

First Gen Corp. is developing a **P2.1-billion utility-scale solar plant in Batangas**, its first such project beyond geothermal energy. The initiative expands the company’s renewable energy portfolio in the Philippines. Construction has officially begun, signaling a shift toward solar power.

Mar 2026INQUIRER.netNews article

First Gen Corp. invests over ₱200 billion to expand its geothermal energy portfolio in the Philippines. The company rebrands to emphasize its focus on sustainable energy transition goals. This move strengthens its position as a key player in the country’s renewable energy sector.

Mar 2026BILYONARYO BusinessNews article