Ayala-led ACEN Corporation has partnered with Indonesian firm Puri Usaha Group for investment in Suryagen Capital Pte. Ltd., which has a business platform in renewable energy (RE) projects development in Indonesia. In a statement to the media, the Ayala firm noted that the new joint venture “will...
The board of directors of Ayala-led ACEN Corporation has approved the company’s plan to secure additional P6 billion loan for the programmed projects that will underpin its targeted portfolio growth. The company has not given details yet on the loan procurement, including the banks that shall be...
Ayala-led ACEN Corporation income dipped 68 percent to P405 million in the first quarter this year versus P829.32 million in the same period last year, owing to higher cost in securing replacement power for its customers. The Ayala firm attributed the earnings drop to “short term headwinds” as...
Ayala-led ACEN Corporation will be developing offshore wind power projects in the Philippine energy market as well as in Vietnam, according to company Chief Development Officer Jose Maria Zabaleta. “Offshore wind is one of the technologies we’re currently exploring. We have identified possible...
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...
