Ayala-led ACEN Corporation, through its wholly-owned subsidiary ACEN Australia, has secured access to the Central West-Orana Renewable Energy Zone (CWO REZ) for its wind, solar, and battery storage projects in New South Wales, which will connect to a transmission infrastructure. In a disclosure...
SINGAPORE —Energy transition trailblazer ACEN Corporation of the Ayala group will schedule a study to dissect and assess options for the ‘asset repurposing’ of its 246-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal plant. The plant will be retired by 2030, way ahead of its...
Growth may be easing this year for ACEN Corp., but the Ayala-led renewable energy (RE) firm expects to be propelled into acceleration by 2026, as several of its projects begin contributing. In a briefing with reporters, Jonathan Back, chief finance officer and chief strategy officer of ACEN,...
ENEX Energy Corporation, an Ayala-led ACEN Corporation subsidiary, is actively working to unlock the full potential of its two key assets: a clean energy power plant in Batangas and an offshore oil and gas project in the West Philippine Sea. During the Annual Stockholders’ Meeting on Wednesday,...
To fuel expansion and bolster its finances, ACEN Corp., Ayala Corp.’s renewable energy (RE) unit, plans to raise fresh capital through a stock rights offering (SRO). In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, April 23, ACEN announced the approval to issue up to ₱30...
Ayala-led ACEN Corp.’s Australia unit announced that it has secured financing for its operating renewable assets and new projects from several international banks. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, April 15, the company said ACEN Australia secured a 750 million...
Following the first-quarter 2025 launch of retail aggregation switches, the Energy Regulatory Commission (ERC) announced a partnership between both Ayala-led ACEN Corp. and Bank of the Philippine Islands (BPI) for the latter to switch its facilities to the retail aggregation program (RAP). This...
Ayala-led ACEN Corporation announced that its retail electricity unit has successfully switched four more Uratex Group facilities to 100 percent renewable energy (RE). In a disclosure to the Philippine Stock Exchange on Monday, April 7, ACEN RES revealed that Uratex's operations in...
To support the growth of renewable energy (RE) technologies in the country, Ayala-led ACEN Corp. believes that the ideal ratio of battery storage to solar capacity should be between 30 and 40 percent. In an ambush interview last week, Eric Francia, president and chief executive officer of ACEN,...
Despite President Donald Trump’s recent executive order (EO) to withdraw the United States (US) from the Paris Agreement, energy stakeholders in the Philippines believe his current policies will have minimal impact on renewable energy (RE) growth in Asia. During the Renewable Energy Forum 2025 on...
Ayala-led ACEN Corp. announced that its subsidiaries, ACEN Global Development Group Inc. and GIGA ACE 6 (GA6), have secured an omnibus loan and security agreement (OLSA) for Quezon North wind project. In a disclosure to the Philippine Stock Exchange on Monday, March 31, the power firm said it and...
The energy sector has traditionally been a man’s world, but women didn’t just knock on the door, they entered the room and are changing the leadership spectrum in this arena. As the month-long tribute to women's impact winds down, my focus is on three female leaders I’ve interviewed in the...
