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…
15 December 2023 – PT Barito Wind Energy (Barito Wind), a subsidiary of Barito Renewables, and ACEN Renewables International, through its subsidiary, ACEN Investments HK Limited (ACEN HK), announced today the signing of a Sale and Purchase Agreement (SPA) with UPC Renewables Asia Pacific Holdings for the acquisition of late-stage wind development assets in Indonesia….
ACEN, the listed energy platform of the Ayala group, announced its partnership with The Rockefeller Foundation’s Coal to Clean Credit Initiative (CCCI) and the Monetary Authority of Singapore (MAS) to explore a major step towards accelerating the phase-out of coal plants in line with the Paris Agreement.
ACEN is the renewable energy platform of the Ayala group. In 2019, Ayala acquired a listed energy platform and thereafter infused its Philippine renewable operating assets and development pipeline. The combination resulted in 532MW of generation portfolio in the Philippines, consisting of a 246MW Coal fired power plants (CFPP), 134MW of various diesel plants, and 152MW…
By Eric Francia MANILA, Philippines — The beginning of a year typically ushers renewed hope, and I believe that there is much to be hopeful for. The recently concluded COP28 held in Dubai signaled the “beginning of the end” for the fossil fuel era. For the first time ever, signatories of the United Nations Framework…
Powered by a pioneering, strategic mindset in corporate management and commitment to excellence in financial leadership, ACEN Chief Finance Officer Cora Dizon has been conferred with the ING-FINEX 2023 CFO of the Year Award. Dizon brought ACEN, the listed energy platform of the Ayala Group, to new heights through strategic finance initiatives since joining the…
15 November 2023 – ACEN’s collaborative Energy Transition Mechanism (ETM) transaction continues to earn international accolades, most recently as the Asia Pacific Emerging Energy Deal of the Year awarded by Proximo, a global publication for project, infrastructure and energy finance, during the 2022 Deal of the Year Awards. The award is given to a market-leading…
Core operating earnings up 2x in 9M 2023 Consolidated revenues up 13% to ₱28.6 billion Attributable EBITDA up 21% to ₱14.1 billion Attributable renewables output up 27% to 3,174 GWh 9 November 2023 – ACEN (PSE: ACEN), the energy platform of the Ayala group, today reports that consolidated revenues for January to September 2023 increased…
A partnership to lay the groundwork for potential renewable energy ventures on Yindjibarndi land in Western Australia Initial focus to explore possibilities for a solar plant catering to Rio Tinto’s energy needs An ambitious initial goal of 750 MW renewable energy capacity sourced from wind, solar and battery storage is set by the company for…
16 October 2023 – ACEN, the listed energy platform of the Ayala group, and Mapúa University are working together to build a skilled local workforce through the ACEN Cadetship Program, providing opportunities to fresh graduates and newly licensed engineers to work in the renewables sector. The partnership, marked by a recent signing ceremony at the…
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