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...
AC Energy Solar, a subsidiary of Ayala-led ACEN Corporation, and its foreign partner UPC Renewables will be constructing the proposed 420-megawatt peak (or 320MWac) Masaya solar farm project in Khandwa district in the state of Madhya Pradesh, India that will command an investment of $220 million....
Razon-led Prime Strategic Holdings Inc., via its subsidiary MORE Power Barge Inc. (MPBI), had paid P126 million in cash to ACEN Corporation of the Ayala group for the acquisition of the latter’s 32-megawatt Power Barge 101 in Iloilo. According to the Ayala energy firm, the payment was turned over...
Ayala-led ACEN Corporation is fast tracking the completion of its 60-megawatt Lac Hoa and Hoa Dong wind farm project in Vietnam with targeted commercial operation in the first quarter of this year. According to the Ayala firm, the project is its partnership with UPC Renewables “and will feature...
ACE Enexor Inc. (ACEX), the oil and gas unit of the Ayala group, has inked a deed of assignment with parent firm ACEN Corporation for the former’s issuance of shares of stocks to effect the transfer of the latter’s thermal assets to the subsidiary. The equity shares and facilities to be...
Ayala energy firm ACEN Corporation has inked subscription agreements for P14-billion worth of shares purchase in two subsidiaries to bankroll the development of its greenfield solar and wind projects in Luzon. For the solar venture, ACEN signed a subscription deal with its subsidiary Santa Cruz...
