The ACEN Board of Directors through its Executive Committee approved the corporate vision and strategy targeting 20 GW of attributable renewables capacity by 2030. This represents 6x growth from 3.4 GW of renewables capacity today, or a 25% compounded annual growth rate up to the end of the decade. ACEN currently has 18 GW of…
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.
Amihan Renewable Energy Corp. (Capa Wind) is the fourth wind farm project of ACEN in Ilocos Norte Capa Wind provided the lowest winning bid for wind supply at a flat rate of ₱3.8583/kWh for 20 years under the first round of GEAP The 70 MW wind farm will generate and supply clean power to more…
30 June 2022 – ACEN’s operating power plants in the Philippines were recently awarded the prestigious Integrated Management System (IMS) certification as verified by DQS Certification Philippines, Inc., one of the leading certification bodies for management systems worldwide. Nine of ACEN’s operating plants have passed the IMS certification for:• ISO 9001:2015 (Quality Management System)• ISO…
ACEN signed a new agreement with Polyfoam-RGC, makers of Uratex, to power its plants The power supply will include renewable energy sourced from ACEN’s portfolio of operating and upcoming wind, solar and geothermal plants The latest in ACEN’s string of initiatives to support businesses on their path to carbon neutrality 12 June 2022 – ACEN, Ayala…
Battery Energy Storage System (BESS) project will help firm up Australia’s transition to a clean energy future The hybrid solar farm will be one of the country’s largest renewable energy facilities New England Solar Farm will help reduce greenhouse gas emissions by up to 1.5 million metric tons of CO2 per year, and support more…
New joint venture will develop large scale solar, battery energy storage system and green hydrogen projects in Indonesia The joint venture entity will develop projects spanning the BBK islands as well as the East Nusa Tenggara province The partnership is the latest in ACEN’s string of initiatives to expand its renewable energy generation capacity in…
Revenues rose 29% to ₱7.4 billion, but short-term headwinds led to a 68% decline in net income New strategic partnerships to boost long-term capacity toward aspiration to become largest renewables player in the region 11 May 2022 – ACEN, the listed energy platform of the Ayala Group, disclosed today that its consolidated revenues for the…
26 April 2022 – ACEN, the Ayala group’s listed energy platform, announced the board approval on the company’s plans to enter the United States renewable energy market through a newly formed strategic partnership with UPC Solar & Wind Investments LLC (UPC) and Pivot Power Management (PPM) to pursue opportunities to acquire operating wind projects in…
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.
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