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...
ACEN Investments HK Ltd. (ACEN HK) and PT Barito Wind Energy (Barito Wind), two firms specializing in renewable energy, have signed a sale and purchase agreement (SPA) with UPC Renewables Asia Pacific Holdings to acquire wind development assets in Indonesia. In a disclosure to the Philippine...
Ayala-led ACEN Corporation has firmed up a deal with the Asian Development Bank (ADB) and Bank of the Philippine Islands (BPI) to raise P11 billion worth of sustainability-linked term loan facility that will partly bankroll the company’s solar projects. The loan, according to ACEN, will carry...
ACEN Renewables International Pte. Ltd (ACRI), a subsidiary of Ayala-led ACEN Corporation, has sealed AU$75 million green term loan facility with HSBC, which it will funnel into its expansion for renewable energy (RE) projects in Australia. According to the company, “the green term loan will...
DUBAI, UAE – Ayala-led ACEN Corporation is batting for viable ‘replacement cash flow’ that will satisfy its shareholders on the planned accelerated retirement of its 246-megawatt South Luzon Thermal Energy Corp (SLTEC) coal plant. In an interview at the COP28 side events, ACEN President and...
DUBAI, UAE – Ayala-controlled ACEN Corporation, which has been expanding its investment foothold across foreign markets, is batting for capacity auction that will primarily delve with integrated renewable and energy storage system (IRESS) as prospective replacement for capacities that shall be...
DUBAI, UAE -- The South Luzon Thermal Energy Corp (SLTEC) generating asset of Ayala-led ACEN Corporation is catching the attention of the world, as this has been tapped as a ‘candidate plant’ for transition credits that will potentially showcase to the world that earlier retirement or phaseout...
LANDBANK President and CEO, Lynette V. Ortiz (front row, right), and ACEN President and CEO, Eric Francia (front row, left), lead the signing of a ₱20-Billion loan agreement to fund ACEN’s general corporate requirements and investments in renewable energy projects on 29 November 2023 in Makati...
