Power Purchase Agreement (PPA) to offtake renewable electricity generated from Stage 1 of ACEN Australia’s New England Solar project in NSW The eight-year agreement provides SmartestEnergy with an offtake of 25% of the output of the 400 MW Stage 1 project Through the partnership, electricity consumption can be reduced that could otherwise be sourced at…
Reported net income decreased 43 percent due to a significant reduction in non-cash items from 2022 Taking out the impact of non-cash items, ACEN’s profitability increased 150 percent year over year, driven by a threefold growth in core operating earnings Attributable EBITDA grew 31 percent to ₱18.8 billion with growth in capacity across multiple markets…
Enables the development and construction of BrightNight’s 1 GWac Philippines renewables portfolio with an estimated capital deployment of US$1.2 billion over the next five years Marks BrightNight’s second partnership with ACEN in the Asia Pacific region in the past 12 months 8 March 2024, Manila, Philippines & West Palm Beach, U.S – ACEN, the leading…
ACEN secures a “B” rating from CDP for its climate change disclosure, two levels up from last year’s score This signifies the company’s strong environmental accountability to its stakeholders, helping it assess, identify and manage environmental risks amid a growing renewables portfolio The improvement in ACEN’s CDP score is underpinned by its sustainability milestones, including…
4 March 2024 – ACEN, through its subsidiary, ACEN Australia, announced today that it has signed a cooperation agreement with Australian-owned ZEN Energy Retail (ZEN Energy) to advance the Power Purchase Agreement documentation for an offtake of up to 220 MW of ACEN Australia’s New England Solar project. Representing up to 52% of the output…
Partnership to develop a 400 MWh Battery Energy Storage System (BESS) Strengthens ACEN Australia and Marubeni’s position to expand in Australia and support the country’s energy transition 04 March 2024, Melbourne, Australia – ACEN Australia (of the Ayala Group) and Marubeni Asian Power Singapore signed a Cooperation Agreement for the joint development of a 200…
1 March 2024 – ACEN Renewable Energy Solutions (ACEN RES), the retail electricity unit of ACEN, recently partnered with Xavier School Nuvali to fully transition the educational institution to 100% renewable energy. This strategic collaboration aligns with ACEN’s goal of supporting Philippine schools in their journey toward carbon neutrality and marks a significant milestone in the…
The IES audit certifies ACEN’s trading platform as 100% compliant to the legal and operational requirements of WESM’s market participant interface ACEN is the first energy company in the Philippines to receive a software compliance certification from IES The certification establishes ACEN’s credibility as a key player in the Philippine electricity market 1 March 2024…
27 February 2024 – ACEN, through its subsidiary, ACEN Australia, announced today that it has secured a total of AUD 150 million green term loan from the Australia and New Zealand Banking Group Limited (ANZ) and Westpac Banking Corporation (Westpac). Each bank is providing a facility limit of AUD 75 million with a four-year tenor….
CHICAGO, Jan. 23, 2024 – UPC Power Solutions, a joint venture between ACEN, PivotGen and UPC Solar & Wind Investments, announced today the completion of its purchase agreement with EDF Renewables North America. The closing of this agreement involves the purchase of the lessee interests in the 38 MW Chestnut Flats operating wind project located…
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