Ayala-led ACEN Corporation will avail of energy transition mechanism (ETM) refinancing for its 270-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant to prepare for its eventual phaseout. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala company indicated...
Ayala-led ACEN Corporation and its German partner ib vogt are gearing up for solar project installations across Asian markets that will reach aggregate capacity of 1,000 megawatts. For that joint venture, the Ayala firm indicated that it will be infusing $200 million as equity investment while the...
The power supply for Luzon grid during the summer months will be reinforced as the joint venture of Ayala-led ACEN Corporation and Citicore Renewable Energy Corporation already started injecting the capacity of their 72-megawatt Arayat-Mexico solar farm venture in Pampanga province. The project...
Ayala-led AC Energy has been ramping up its offer to qualified customers who will choose renewable energy (RE) technologies in meeting their electricity needs. The company said it is now reinforcing team efforts into enlisting customers under the Green Energy Option Program (GEOP), a policy that...
Ayala-led ACEN Corporation and its subsidiary ACE Endevor Inc. have cemented partnership with Filipino firm CleanTech Renewable Energy 4 Corporation (CleanTech) for their 133-megawatt solar farm in Lal-lo, Cagayan province. The new solar facility is targeted for commercial stream early next year...
HSBC Philippines has issued its first sustainable commercial letter of credit (LC) to partly bankroll the 160-megawatt Balaoi and Caunayan wind farm facility of Ayala-led ACEN Corporation in Pagudpud, Ilocos Norte – which at its completion will stand as the biggest wind facility to be ever...
To prop funding for its robust investment pipeline, Ayala-led ACEN Corporation will be tapping P30.5 billion in additional loans. As disclosed to the Philippine Stock Exchange (PSE), the targeted loan procurements approved by the board of directors of ACEN in their regular meeting last March 8 will...
Having logged consolidated net income growth hitting P5.3 billion last year, Ayala-led energy firm ACEN Corporation will also be on its massive-scale capital spending to the tune of P55.5 billion this 2022 for its expansion projects in the Philippines as well as offshore markets. The firm’s...
Ayala-led energy firm ACEN Corporation has switched on its 40-megawatt Alaminos hybrid energy storage facility in Laguna, positioned as a support technology for its solar-generated power capacity that will be delivered to off-takers. The facility is touted as the first hybrid solar and energy...
Ayala-led ACEN Corporation is acquiring P2.0 billion-worth of additional shares in its subsidiary Buendia Christiana Holdings Corporation (BCHC), which is into landbanking for sites that it will be utilizing for renewable energy projects. In a disclosure to the Philippine Stock Exchange (PSE), ACEN...
Ayala-led ACEN Corporation will be increasing its stake by more than 13 percent in subsidiary ACE Enexor Inc. (ACEX) with the transfer of at least five assets of the former that had been valued at P3.39 billion. In the deed of assignment inked by the parties, ACEN effectively transferred its rights...
Ayala-led ACEN Corporation has inked a $165 million deal with Thai firm Super Energy Corporation Public Company Ltd. (SUPER) for joint development and ownership of solar projects in Vietnam and expansion targets in the ASEAN region. ACEN’s wholly-owned subsidiary AC Energy Vietnam Investments...
