Ayala-led AC Energy Corporation (ACEN) is eyeing to fetch $400 million in gross proceeds from its issuance of senior guaranteed undated green bonds with non-callable 3.5-year fixed-for-life or non-deferrable term. ACEN Logo In a media statement, the Ayala firm emphasized that the green bonds had...
I grew up a child of the energy industry in the 80s when Mindanao was frontier lands for electrification. I understood from a very young age how precious electricity was because where I lived, not everyone had it. And yet four decades on, still, not everyone has it. The Philippines fell short in...
Ayala-led AC Energy Corporation (ACEN) is eyeing to cement a partnership with German firm ib vogt for the installation of at least 300 megawatts (MWdc) of solar power projects in the country. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala energy company specified that the...
Citicore Power, via its subsidiary Citicore Renewable Energy Corporation, is concretizing food-renewable energy (RE) nexus on its agro-solar ventures, an investment paradigm seen to debunk claims that solar farm developments could be gobbling up farmlands needed for food production. Citicore...
Ayala-led firm AC Energy Corporation (ACEN) is injecting more than P12 billion worth of funding to ongoing as well as programmed renewable energy (RE) projects in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala energy company indicated that it will be funneling...
The net income of Ayala-led firm AC Energy Corporation (ACEN) posted a modest 5.0-percent growth to P2.7 billion in the first half of the year, inclusive of earnings from international operations – and that’s coming from a leaner P2.6 billion in the same period last year. Consolidated revenues...
Listed firm Aboitiz Power Corporation had cast capital outlay of P190 billion that it will funnel to diverse renewable energy (RE) projects and up for implementation within a period of 10 years. For that scale of spending on greenfield projects, the company emphasized that its RE capacity under its...
The ambitious solar-powered irrigation systems (SPIS) of former Agriculture Secretary Emmanuel Piñol is finally coming to fruition, with Mindanao’s first set of SPIS now up for commissioning. Piñol, who is now the chairperson of Mindanao Development Authority (MinDA), said the first local...
Global Business Power Corporation (GBP) of businessman Manuel V. Pangilinan’s conglomerate, will be building a 115-megawatt peak (MWp) solar power facility in Rizal that it targets to bring on commercial stream next year. The power project to be sited in the town of Baras, according to the...
Filipino firm Citicore Power Inc. has finished the installation of solar rooftops that will provide the electricity needs of at least eight (8) buildings in the domain of the Authority of the Freeport Area of Bataan (AFAB), an economic zone north of Manila. The completed portion of the project has...
Solar project developers are batting for 3 to 5-year moratorium on land conversion requirement stating the 6-8 month permitting period is a major ‘choke point’ causing delays on their project rollouts. In a recently concluded Asian Solar Summit, Salvador Antonio Castro Jr., president and CEO of...
Solar Philippines is eyeing to develop a 500-megawatt solar project, which it is lining up to help solve the country’s power supply shortages. The proposed project will be under corporate vehicle Solar Philippines Nueva Ecija Corporation, but there is no definite timeframe given yet on its...
