While many other power plants fail to deliver during this year’s El Nino-stricken weather temperatures, solar plants have been thriving as ‘powerhouse solution’ in shielding consumers from the wrath of unwanted blackouts or power service interruptions. Rotational brownouts would typically...
Leaning on the robust power generating assets of its various subsidiaries, Aboitiz Equity Ventures (AEV) has sustained its lead as the country’s biggest power producer with total installed capacity of 5,745.221 megawatts, according to data released by the Energy Regulatory Commission. Inching...
Ayala-led ACEN Corporation has clinched ‘B’ rating from CDP, a non-profit global entity which is authoritatively handling the disclosure platform for climate change impacts of investors, corporates and even government instrumentalities like cities and states. According to the company, its new...
To reduce the electricity demand sourced from higher emission intensity, ACEN Corp.’s wholly owned subsidiary in Australia partnered with SmartestEnergy to offtake renewable electricity generated from the New England Solar project in New South Wales. The Ayala-led energy firm disclosed on...
Ayala-led energy platform ACEN Corp. reported a drop in last year’s net income due to non-cash items in 2022. In a disclosure to the Philippine Stock Exchange on Tuesday, Mar. 12, ACE said its net income totaled P7.4 billion from January to December 2023, 43 percent lower than in 2022 including...
Ayala-led ACEN Australia inked a deal with Marubeni Asian Power Singapore to develop a battery energy storage system (BESS) in New South Wales, Australia. In a disclosure to the Philippine Stock Exchange on Tuesday, Mar. 5, ACEN said the company and Marubeni are set to produce 200 megawatts (MW)...
(From left) Sheila Mina, AVP for Commercial Operations, ACEN; Dobbin Tan, Treasurer, Xavier School Nuvali; Fr. Aristotle C. Dy, SJ, PhD, President, Xavier School Nuvali; Miguel de Jesus, COO, Philippine Operations, ACEN; and Tony Valdez, SVP, Market Transformation, ACEN. ACEN Renewable Energy...
Ayala-led ACEN Corp., through its joint-venture company UPC Power Solutions LLC, announced the successful acquisition of a renewable asset in Pennsylvania, United States. In a disclosure to the Philippine Stock Exchange on Wednesday, Jan. 24, ACEN said that UPC Power Solutions has completed...
The renewable energy unit of ACEN Corp. and Barito Renewables have completed the acquisition of wind projects under development in Indonesia. ACEN told the Philippine Stock Exchange that the acquisition, carried out through its subsidiary ACEN Renewables International, and PT Barito Wind Energy,...
Ayala-led ACEN Corp. is injecting more capital into its six subsidiaries to bolster the development of renewable energy (RE) projects in the country. ACEN, in its filings with the Philippine Stock Exchange, said that it has entered into agreements for the purchase of unissued shares in Giga Ace 6,...
ACEN Renewable Energy Solutions (ACEN RES), the retail electricity arm of ACEN, has garnered international recognition for its innovative marketing campaign launched earlier this year. Its hero video, "Fireflies," has won the prestigious Gold Award in the Stevie International Business Awards for...
The Belenos Energy Corp., a wholly owned subsidiary of ACEN Corp., signed an agreement for the acquisition of shares in companies that provide solar power to telecom towers and industrial facilities. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 27, ACEN said that Belenos has...
