New collaboration supports “rapid but careful” energy transition 04 November 2022 – Today, at the UN Climate Change Conference (COP26), Laurence Tubiana, CEO of our partner the European Climate Foundation, introduced an exciting new collaboration: the Coal Asset Transition Accelerator (CATA). We are proud to support this initiative, which aims to speed up a fair…
ACEN, the Ayala Group’s listed energy platform, approved the divestment of all its shares in its wholly owned subsidiary, South Luzon Thermal Energy Corporation (“SLTEC”), through energy transition financing. The 244 MW coal plant in Calaca, Batangas, is the only coal plant under ACEN’s portfolio. Subject to regulatory approval, the shares will be acquired by ETM Philippines Holdings, Inc. (“EPHI”) and The Insular Life Assurance Company, Ltd. (“InLife”) for an aggregate value of ₱3.7 billion.
ACEN, the Ayala group’s listed energy platform, successfully signed an Amended and Restated Omnibus Loan and Security Agreement for its wholly-owned subsidiary, South Luzon Thermal Energy Corporation (SLTEC) with Bank of Philippine Islands and Rizal Commercial Banking Corporation as lenders.
Businesses, investors, academics, civil, and social representatives collaborate to develop resources to advance social equity while meeting environmental goals.
November 4, 2021, Glasgow — Today, at the UN Climate Change Conference (COP26), RMI, Climate Smart Ventures, the Carbon Trust and the International Network of Energy Transition Think Tanks (INETT) announced the Coal Asset Transition Accelerator (CATA), a first-of-its-kind platform that will use finance to accelerate the coal transition globally. CATA comes at a crucial moment….
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