ACEN’s landmark Energy Transition Mechanism, the first ETM deal in the world, allows the company to move closer toward its commitment to 100% renewables generation by 2025, with a goal of reaching 20 GW of renewables capacity by 2030. "ACEN continues to blaze the trail for energy transition in the Asia Pacific. As the company has successfully divested its coal asset, ACEN commits to a just energy transition. We have established mechanisms to ensure that stakeholder interests, especially those of the people and communities of SLTEC, are effectively addressed." Read more
ACEN continues to expand its portfolio within its key markets, fortifying its presence with the full acquisition of the Australia platform and new solar and wind farms under construction in the Philippines, Australia,Indonesia, and India.
|As of January 2024. Refers to gross capacity of owned assets, multiplied by ACEN’s effective economic ownership.
Does not include leased units.
|Includes rooftop solar; NEFIN capacity as of 31 December 2023
CHICAGO, Jan. 23, 2024 – UPC Power Solutions, a joint venture between ACEN, PivotGen and UPC Solar & Wind Investments, announced today the completion of its purchase agreement with EDF Renewables North America. The closing of this agreement involves the purchase of the lessee interests in the 38 MW Chestnut Flats operating wind project located...Learn more
13 December 2023 – ACEN, the Ayala group’s listed energy platform, announced today that it has signed an PhP11 billion sustainability-linked loan facility with the Asian Development Bank (ADB) and the Bank of the Philippine Islands (BPI). The loan, which includes a partial credit guarantee by ADB, underscores ACEN’s integrated sustainability approach and commitment to...Learn more
Dubai, December 5, 2023 – ACEN announced the launch of its Just Energy Transition (JET) Roadmap for the 246 MW South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant at the 2023 United Nations Climate Change Conference in Dubai, UAE. The initiative builds on the momentum generated by ACEN’s Energy Transition Mechanism (ETM), the world’s...Learn more
Fresh from a successful run at COP28, ACEN bolsters its commitment to renewable energy by joining the prestigious PPCA The induction underscores the transformative power of coal to renewable energy transition for a sustainable and inclusive economic and societal landscape ACEN’s pioneering Energy Transition Mechanism, the world’s first market-based model, lauded as a benchmark in...Learn more
ACEN, the listed energy platform of the Ayala group, announced its partnership with The Rockefeller Foundation’s Coal to Clean Credit Initiative (CCCI) and the Monetary Authority of Singapore (MAS) to explore a major step towards accelerating the phase-out of coal plants in line with the Paris Agreement.Learn more
ACEN is the first energy company in Southeast Asia to announce its Net Zero roadmap that includes near-term scope 1, 2 and 3 greenhouse gas (GHG) emissions reduction targets, aligned with a 1.5°C pathway for the power sector.Learn more
Full completion of the world’s first market-based Energy Transition Mechanism (ETM) transaction, which will enable the early retirement of the 246 MW SLTEC coal plant and its transition to cleaner technologyLearn more
Businesses, investors, academics, civil, and social representatives collaborate to develop resources to advance social equity while meeting environmental goals.Learn more
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