To bring its planned 18,000 megawatts of renewable energy (RE) ventures into fruition, Ayala-led ACEN Corporation is penciling in a mammoth $18 billion, approximately P900 billion, capital outlay for the targeted solar and wind farm installations in Asian markets. ACEN President and CEO Eric T....
Ayala-led ACEN Corporation is ramping up its renewable energy (RE) portfolio investments portfolio target across Asian markets to 18,000 megawatts (MW), a mammoth 13,000MW expansion from its original development plan of 5,000MW through year 2025, making it the biggest capacity build-up by a power...
Ayala-led ACEN Corporation has inked P13.7 billion omnibus loan and security agreement with Bank of the Philippine Islands (BPI) and Rizal Commercial Banking Corporation (RCBC) as energy transition mechanism (ETM) funding for its 244-megawatt South Luzon Thermal Energy Corporation’s (SLTEC) coal...
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...
