Ayala-led ACEN Corporation has partnered with US firm BrightNight for 1,200-megawatt (1.2-gigawatt) renewable energy portfolio buildup that will be installed in the Indian energy market. In a statement to the media Monday, March 13, the Ayala firm indicated that the equity to be injected by the...
Ayala-led ACEN Corporation (ACEN), via its subsidiary AC Renewables International (ACRI), has completed acquisition of the equity previously held by its partner-firm UPC Renewables Asia Pacific Holdings in their Australian development platform for renewable energy (RE) projects. According to the...
Listed firm ACEN Corporation has formally declared the start of construction of its 60-megawatt solar farm development in Pangasinan this year and is targeting to bring this commercially on-line within a span of several months. The greenfield installation will beef up the company’s portfolio that...
Ayala-led ACEN Corporation will be acquiring five percent, equivalent to 500 million shares, in listed firm SP New Energy Corporation (SPNEC), a subsidiary of Leviste-founded Solar Philippines, as prepayment to a loan it extended to the latter for a solar farm development in Central Luzon. In a...
Ayala-led ACEN Corporation reported that its feasibility study on the proposed Phoenix pumped hydro project in Australia has been progressing, raising hopes for eventual commercial development of a large scale hydro facility in that energy market. The Phoenix pumped hydro venture of ACEN Australia...
Ayala’s energy listed firm ACEN Corporation and its Vietnamese firm-partner BIM Group secured $107-million project financing from the Asian Development Bank (ADB) and other lenders for the 88-megawatt Ninh Thuan wind farm venture in South Central Vietnam. This greenfield installation, according...
Ayala firm ACEN Corporation has awarded to Canadian firm PCL Construction the $800 million engineering, procurement and construction (EPC) contract for its 520-megawatt (dc) Stubbo solar farm project in Australia. The project sponsor-firm said “PCL has been engaged to deliver all aspects of the...
ACEN secures AU$277-M loan for Australia projects Ayala-led ACEN Corporation has secured AU$277-million syndicated loan to continuously bankroll its utility-scale renewable energy (RE) projects in the Australian energy market. The syndicated loan has been sourced from the Bank of China in Manila...
Ayala-led ACEN Corporation further boosts its domestic solar capacity portfolio with the new acquisition of a 60-megawatt solar farm project in Pangasinan province. The company said it just signed recently a deal for the sale and purchase of the interests of two shareholders (the Sungrow Power...
The nine-month income of ACEN Corporation, the energy investment arm of the Ayala group with domestic and offshore market-operations, declined slightly to P5.35 billion this year from a heftier P6.37 billion in the same period in 2021. Data submitted to the Philippine Stock Exchange (PSE) showed...
Ayala-led ACEN Corporation has secured 100 million Australian dollars (roughly $69 million in US dollars) green loan from the DBS Bank of Australia to partly bankroll its renewable energy (RE) ventures in that market. “The loan will provide capital financing for ACEN’s eligible green assets in...
Ayala-led ACEN Corporation has ramped up its renewable energy (RE) installations pipeline to 20,000 megawatts (20-gigawatt) over the next eight years or until 2030. Labeling the new investment trajectory as the Ayala firm’s ‘bold aspiration’, it was emphasized that the investment growth plan...
