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…
PT&T Corp. (PSE:PTT) assumes a pivotal role in strengthening ACEN’s (PSE:ACEN) cybersecurity as its Infra Security Team initiates the IBM Security implementation project to support the Information and Event Management (SIEM). Utilizing a diverse set of tools for information security, the team prioritizes the enhancement of its security posture. In collaboration with industry leaders IBM…
ACEN Corp. said Monday said it issued corporate guarantees to Philippine National Bank and Rizal Commercial Banking Corp. which lent $320 million to ACEN Cayman, one of its international units. ACEN said in a disclosure to the Philippine Stock Exchange it issued corporate guarantees in support of ACEN Cayman to PNB for $140 million and…
13 December 2023 – ACEN, the Ayala group’s listed energy platform, announced today that it has signed an PhP11 billion sustainability-linked loan facility with the Asian Development Bank (ADB) and the Bank of the Philippine Islands (BPI). The loan, which includes a partial credit guarantee by ADB, underscores ACEN’s integrated sustainability approach and commitment to…
Leveraging on sustainable finance to help accelerate the company’s renewables expansion in the region New renewable energy projects to boost Australia’s renewables sector, supporting the country’s green transition ACEN’s growing pipeline in Australia includes solar, wind, battery, and pumped hydro projects 12 December 2023 – ACEN, through its subsidiary ACEN Renewables International Pte. Ltd (ACRI),…
This is the first green term loan facility of ACRI to support ACEN’s renewables growth MUFG has been supportive of ACEN’s renewable energy expansion in key regions including Australia 07 December 2023 –ACEN Renewables International Pte. Ltd (ACRI), a subsidiary of ACEN CORPORATION (ACEN) based in Singapore, has signed its first US$100 million green term…
Dubai, December 5, 2023 – ACEN announced the launch of its Just Energy Transition (JET) Roadmap for the 246 MW South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant at the 2023 United Nations Climate Change Conference in Dubai, UAE. The initiative builds on the momentum generated by ACEN’s Energy Transition Mechanism (ETM), the world’s…
Fresh from a successful run at COP28, ACEN bolsters its commitment to renewable energy by joining the prestigious PPCA The induction underscores the transformative power of coal to renewable energy transition for a sustainable and inclusive economic and societal landscape ACEN’s pioneering Energy Transition Mechanism, the world’s first market-based model, lauded as a benchmark in…
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