Ayala-led ACEN Corporation had secured $150 million green term loan to bankroll the development of its pipelined renewable energy (RE) projects in the Asia Pacific region. The credit facility will have a five-year repayment period; and this was availed of via its subsidiary ACEN Renewables...
Ayala-led ACEN Corporation has inked a contract with subsidiary ENEX Energy Corporation (ENEX) for the agreed shares subscription covering 177,544,011 non-voting preferred shares of the latter to be issued at a par value of P1.00 per share. According to ACEN, the shares will be issued from ENEX’s...
ACEN Corporation of the Ayala group and multilateral lending firm Asian Development Bank (ADB) have solidified their partnership in the “green power revolution” sphere, as the latter has switched on its renewable energy (RE) supply sourcing to the Ayala firm. The bank will procure 100 percent...
The renewable energy (RE) solutions arm of Ayala-led ACEN Corporation has cornered a power supply deal to provide RE-generated power to manufacturing firm Valerie Products Manufacturing Inc. (VSO), which produces automotive and appliance parts. According to the Ayala firm, ACEN Renewable Energy...
From left: PLDT Vice President and Sector Head for Property and Facilities, Leo Gonzales; PLDT First Vice President, Chief Sustainability Officer, and Head of Investor Relations, Melissa Vergel de Dios; ACEN SVP for Market Transformation, Tony Valdez; and ACEN VP for Commercial Operations and Head...
As the National Teachers College (NTC) commemorates its near century-long dedication to education, the institution takes another pioneering step toward a sustainable future by transitioning to 100 percent renewable energy. This significant achievement was made possible through a strategic...
Generation output boosted by the commercial operations of new solar and wind farms had prompted 27% rise in the net income of Ayala-led ACEN Corporation in the first quarter to P2.7 billion versus P2.0 billion in the same period last year. That escalation in profitability, the company emphasized,...
Ayala-led ACEN Corporation will be rolling out $1.6 billion worth of capital for 1,600 megawatts (1.6 gigawatts) of greenfield renewable energy (RE) projects that it will be advancing at its home base in the Philippines, as well as in India and Australia. In a media briefing, ACEN President and CEO...
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...
