Ayala-led ACEN Corp. reported an increase in its net income for last year on the back of growing renewable energy (RE) output. In a disclosure to the Philippine Stock Exchange on Wednesday, March 12, ACEN reported a 27 percent rise in net income to ₱9.36 billion from January to December 2024,...
Ayala-led ACEN Corp. has approved an investment in Australia’s battery energy storage system (BESS) asset. In a disclosure to the Philippine Stock Exchange on Tuesday, March 11, ACEN announced the approval of an investment in the 400 megawatt-hour (MWh) New England Storage System (BESS) project...
HOUSTON – Global CEOs, policymakers, and industry leaders are once again gathering at the annual CERAWeek in Texas, and if there’s ever a time to raise an eyebrow and clutch your coffee tighter, it’s now. With the Trump administration’s sharp ‘detour’ plowing through global energy...
Ayala-led ACEN Renewables International Pte. Ltd. (ACRI) and its joint venture with Singapore’s solar platform ib vogt Pte. Ltd. announced that their investments in Malaysian solar photovoltaic (PV) projects are nearing completion. In a disclosure to the Philippine Stock Exchange on...
By RENEE VIVIENNE ALAPIT Energy is central to the climate change problem and essential to its resolution. Energy production, which includes burning fossil fuels to produce heat and electricity, is mainly responsible for the greenhouse gases that cover the Earth and trap solar heat. The most...
Ayala-led retail electricity unit ACEN Renewable Energy Solutions (ACEN RES) has entered into its first retail aggregation program (RAP) deal with Filipino-Chinese school Philippine Cultural College (PCC). In a statement on Wednesday, Feb. 19, ACEN RES said it partnered with PCC through RAP, a...
Ayala-led ACEN Corporation has received an "A-" rating for its climate actions from the global non-profit Carbon Disclosure Project (CDP). The CDP assessment evaluates corporate environmental transparency and performance related to climate change, deforestation, and water security. Jonathan Back,...
Ayala-led ACEN Corp. announced Tuesday, Feb. 4, that it has increased its stake in its subsidiary, Belenos Energy Corporation, to bolster its renewable energy (RE) portfolio. In a disclosure to the Philippine Stock Exchange, ACEN said it signed a subscription agreement worth ₱392 million to...
China Banking Corporation (Chinabank) has partnered with ACEN Renewable Energy Solutions (ACEN RES), a subsidiary of the Ayala Group, to transition its two main facilities to clean energy. In a statement, the bank said the move is intended to reduce its carbon emissions and contribute to the...
Ayala-led ACEN Corporation, in partnership with US-based renewable energy firm BrightNight, announced the commissioning of the first phase of its Optima Maharashtra hybrid project in India. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Jan. 17, ACEN stated that the 153-megawatt...
As the year nears its close, Ayala-led ACEN Corporation anticipates a strong performance in 2024, driven by increased energy capacity and new projects. In a briefing, Eric Francia, ACEN president and chief executive officer expressed optimism for the year's overall performance, citing "more...
Ayala-led ACEN Corporation has set a target of adding 1.2 gigawatts (GW) of operational capacity by 2025. In a briefing on Monday, Dec. 16, Eric Francia, ACEN president and chief executive officer, stated that the company is on track with its pipeline projects, which are set to come online next...
