Manila, the Philippines, 16 August 2024 – ACEN, GenZero and Keppel Ltd. (Keppel) have signed a Memorandum of Understanding (MOU) to jointly explore the origination and utilisation of Transition Credits (TCs) to accelerate the retirement of the South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant (CFPP) in Batangas, the Philippines, and replace it with…
New analysis led by RMI assesses the climate impact of closing a Philippines coal plant 10 years early and replacing it with renewable energy, via the Coal to Clean Crediting Initiative (CCCI) SINGAPORE | 17 April 2024 — ACEN Corporation and The Rockefeller Foundation announced today that the first Coal to Clean Credit Initiative (CCCI)…
At the #COP28 Presidency main event, ACEN CEO Eric Francia emphasized the need to accelerate the retirement of coal plants and to deliver this in a just and responsible manner.
“The Energy Transition Mechanism can be done in a market-based, driven by the private sector – so that we can move faster,” he said.
The esteemed panel joined him on stage: Ravi Menon, Monetary Authority of Singapore managing director, F. Cleo Kawawaki, Asian Development Bank principal director, and Darmawan Prasodjo, PLN CEO and Elizabeth Yee, Rockefeller Foundation EVP-Programs as moderator
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…
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…
Our CEO Eric Francia explained ACEN’s long-term plans and support for our workforce who will be part of the coal-to-clean energy transition, at the #COP28 Philippine Pavilion
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.
ACEN is the renewable energy platform of the Ayala group. In 2019, Ayala acquired a listed energy platform and thereafter infused its Philippine renewable operating assets and development pipeline. The combination resulted in 532MW of generation portfolio in the Philippines, consisting of a 246MW Coal fired power plants (CFPP), 134MW of various diesel plants, and 152MW…
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