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...
Insular Life (InLife) has inked an agreement with a subsidiary of ACEN Corporation for P1.0 billion worth of investment in the preferred shares of South Luzon Thermal Energy Corporation (SLTEC), the corporate vehicle of the Ayala group that is retiring its coal plant via the energy transition...
Ayala-led ACEN Corporation has inked a deal with European industrial giant Siemens Gamesa Renewable Energy Technology (SGRE) for the procurement of wind turbines to be deployed to its 70-megawatt wind farm project in Ilocos Norte. According to the Ayala company, Siemens Gamesa will supply and...
With a greenlight from its board of directors, Ayala-led ACEN Corporation has agreed to advance P1.139 billion loan to its partner firm Natures Renewable Energy Development Corporation (NAREDCO), a wholly owned subsidiary of Filipino-led CleanTech Global Renewables Inc., to start construction of...
ACEN Corporation, the energy investment arm of the Ayala group, will be issuing P30-billion worth of debt securities to bankroll its array of renewable energy projects. In a disclosure to the Philippine Stock Exchange (PSE), the company indicated that it will file an application with the Securities...
Polyfoam-RGC International Corporation, the maker of sought-after Uratex mattresses and foam products, has renewed its power supply agreement (PSA) with ACEN Corporation, the energy company of the Ayala group. According to the Ayala firm, it will be supplying renewable energy-generated power...
