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...
Listed firm Basic Energy Corporation (BEC) will jumpstart the development of its proposed 50-megawatt wind farm project in Mabini, Batangas following its board’s approval of initial budget allocation of P31 million for the venture. “The wind resource assessment (WRA) for the Mabini wind power...
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...
A major project of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) of the Department of Science and Technology (DOST) seeking to save lives during a typhoon was among the country’s innovations unveiled during the second leg of the 6th National Research...
Yuchengco-led PetroEnergy Resources Corporation (PERC) said its nine-month net income increased by 30 percent to P544 million from P417 million in the same period last year. From that scale of profitability, the energy firm’s net income went up by a significant 60 percent to P323 million from the...
(PIXABAY) The northeasterly surface wind flow prevailing over extreme northern Luzon may continue to bring partly cloudy skies with isolated rains over most of the country in the next 24 hours, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said on...
(PIXABAY) The northeasterly surface wind flow, or the initial blast of the northeast monsoon or "amihan," persists over the extreme portion of northern Luzon. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said partly cloudy to cloudy skies with isolated...
(PIXABAY) The northeasterly surface wind flow prevailing over extreme northern Luzon may bring cloudy skies with light rains over Batanes and Babuyan Islands in the next 24 hours, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said on Monday, Oct. 18....
Ayala-led AC Energy Corporation (ACEN) has built up its fresh capital flow to US$1.0 billion, after raising US$400 million new proceeds from its green bonds offering. ACEN Logo The company said it will use the proceeds of its latest capital raising activity to finance its new renewable energy (RE)...
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...
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...
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...
