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…
Year-on-year growth supported by operationalization of solar and wind farms across ACEN’s markets, tempered slightly by seasonal resource declines Renewables output grew 42 percent to 2,908 GWh Core attributable EBITDA increased 27 percent to ₱10.1 billion Attributable renewables capacity at ~4,800 MW, 69 percent of which is already fully or partially operational 8 August 2024…
6 August 2024 – The iconic RCBC Plaza in Makati sets a new standard for sustainable office buildings in the country by transitioning to 100% renewable energy through a partnership with ACEN Renewable Energy Solutions (ACEN RES), the retail electricity unit of the Ayala group. This move marks a significant leap forward for RCBC Plaza,…
4 July 2024 – ACEN, through its subsidiary ACEN Renewables International Pte. Ltd., has secured a five-year syndicated green term loan and revolving credit facility amounting to US$150 million. A consortium of leading international financial institutions well-received the transaction, which further solidified the market’s trust and confidence in ACEN’s robust renewable energy pipeline across the region. CTBC Bank…
1 July 2024 – The Asian Development Bank (ADB) has signed a landmark agreement with the Ayala group’s ACEN Renewable Energy Solutions (ACEN RES) to power its headquarters in Mandaluyong with 100% renewable energy. Under the agreement, ACEN RES will power ADB’s facilities with renewable energy from ACEN’s portfolio of renewable energy sources such as…
Collaboration to provide training and support to local farmers, enhancing the market value of their produce Partnership to optimize responsible land use by growing suitable crops within ACEN’s renewable energy projects in the Philippines Launch of the Agro-Circularity in Renewable Energy (ACRE) program to advance ACEN’s agro-circular economy efforts within host farming communities 21 June…
8 May 2024 – ACEN, the listed energy platform of the Ayala group, today reports that its consolidated net income rose 34 percent to Php2.7 billion for the first quarter of 2024. The significant uplift in the company’s financial performance comes on the back of a 49 percent rise in attributable renewable energy output. Financial…
ERIC FRANCIA PRESIDENT’S REPORT ACEN CORPORATION | 2024 ANNUAL STOCKHOLDERS’ MEETING April 24, 2024 Fellow shareholders, my colleagues on the board and management, good morning to all of you. 2023 saw some reprieve from the global energy crisis, with fuel prices coming off from historic highs. With that said, energy demand continues to grow, and…
DELFIN LAZARO CHAIRMAN’S MESSAGE ACEN CORPORATION | 2024 ANNUAL STOCKHOLDERS’ MEETING April 24, 2024 Dear fellow shareholders, We are pleased to report that 2023 turned out to be another strong year for your company. We saw significant growth in financial performance and added over 700 MW of attributable renewables capacity in 2023. With over 4.7…
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)…
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