ACEN set to commence construction of 60 MW Pangasinan solar project
Renewables ramp up in the Philippines for ACEN continues as another solar development is underway, with completion expected by 2024
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ACEN adds 300 MW renewables capacity in Palauig Solar
Construction is underway for another large-scale solar plant of ACEN in Palauig, Zambales With one of the highest irradiance zones in the Philippines, ACEN aims to harness Zambales’ growth potential for clean energy ACEN aims to support the country’s target of reaching 35% renewable energy share in the power generation mix by 2030 24 January 2023 –…
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ACEN recognized for best-in-class governance standards at 2022 ACGS Golden Arrow Awards
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…
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ACEN Australia welcomes NSW Government support for long duration renewable energy storage facility
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…
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ACEN and BIM Group’s Vietnam wind farm gets US$107 million financing boost
Financing package will support the two companies’ first wind project and second joint venture in Vietnam, the 88 MW Ninh Thuan Wind development An addition to ACEN’s portfolio of operating wind projects in Vietnam with an aggregate capacity of 420 MW ACEN’s strong relationship with lenders proved significant in its renewables scale up across the…
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ACEN Australia appoints PCL as EPC contractor and issues Notice to Proceed for 520MWdc (400MWac) Stubbo Solar Project
Engineering, Procurement and Construction (EPC) contract for the 520 MWdc (400 MWac) Stubbo Solar project awarded to PCL Construction, with Notice to Proceed already having been issued Construction of the site access has recently commenced, with construction of main project works expected to start in 2023 Stubbo Solar is expected to create up to 400…
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ACEN secures its largest syndicated green term loan facility for Australia platform
ACEN secures AU$~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…
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ACEN’s Net Zero progress
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.
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How ACEN convinced cautious investors to invest in its SLTEC coal plant
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.
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ACEN Australia presses GO on Stubbo Solar Project
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…
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