21 January 2023 – ACEN, the listed energy platform of the Ayala group, received the prestigious Three Golden Arrow Award from the Institute of Corporate Directors during the 2022 Golden Arrow Awards Night held recently at Sheraton Manila Hotel in Pasay City. The Golden Arrow Award, a testament to ACEN’s solid governance framework, is given…
12-hour duration renewable energy storage project proposed within NSW’s Central-West Orana Renewable Energy Zone If found viable and constructed, the pumped hydro energy storage project will complement renewable energy projects, providing energy when the sun isn’t shining and when the wind isn’t blowing Calling for community and stakeholder inputs in the new year to help…
Financing package will support the two companies’ first wind project and second joint venture in Vietnam, the 88 MW Ninh Thuan Wind development An addition to ACEN’s portfolio of operating wind projects in Vietnam with an aggregate capacity of 420 MW ACEN’s strong relationship with lenders proved significant in its renewables scale up across the…
Engineering, Procurement and Construction (EPC) contract for the 520 MWdc (400 MWac) Stubbo Solar project awarded to PCL Construction, with Notice to Proceed already having been issued Construction of the site access has recently commenced, with construction of main project works expected to start in 2023 Stubbo Solar is expected to create up to 400…
ACEN secures AU$~600 million debt financing for the development of existing and additional pipeline of renewable energy projects in Australia A leader in sustainable finance, the latest fundraising initiative underlines the strength of ACEN’s banking relationships in the region ACEN is at the forefront of decarbonization efforts in the Asia Pacific as it works toward…
December 2022 – In 2021, ACEN announced its commitment to achieve Net Zero greenhouse gas emissions by 2050. This involves the transition of the company’s generation portfolio to 100% renewable energy by 2025, and the early retirement of the remaining coal plant that forms part of its retail electricity initiatives by 2040.
While everyone was focused on the ongoing COP27 in Sharm El-Sheikh, a breakthrough in energy transition financing happened in Asia on November 8 with the completion of the first-ever energy transition mechanism (ETM) by a small power plant in the Philippines that can be the model for other private sector ETM transactions.
10 November 2022 – Renewables developer ACEN Australia has executed key contracts and announced that a final investment decision on the 400 MW (520 MWdc) Stubbo Solar project has been made, allowing the project to fully proceed. This follows on from the signing of the connection agreement with Lumea and execution of a PV module…
8 November 2022 – ACEN, the listed energy platform of the Ayala group, today reports that its consolidated net income for the third quarter of 2022 rose 23% YoY to PhP1.9 billion. This brings net income booked from January to September to PhP4.1 billion, down just 4% from the same period last year, as strong…
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 technology
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