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)…
15 April 2024 – ACEN, through its subsidiary ACEN Renewables International (ACRI), has signed a US$150 million green term loan facility with Sumitomo Mitsui Banking Corporation Singapore Branch (SMBC). This strategic financial move is in line with ACEN’s ongoing efforts to finance investments in renewable power projects across the region. The green term loan, with a…
26 March 2024 – ACEN, through its Palauig Solar projects, demonstrated its unwavering support to education and community development after donating a total of ₱29 million to fund the construction of 14 classrooms in Rofulo M. Landa High School – extension campus in Brgy. Bulawen, Palauig, Zambales. ACEN president and CEO Eric Francia joined Zambales…
20 March 2024 – ACEN RES, the retail electricity supply unit of the Ayala group, has forged a strategic partnership with Philippine telecommunications leader PLDT Inc. (PLDT), committing to power 33 of PLDT’s facilities nationwide with 100% renewable energy. This initiative is a concrete step in PLDT’s decarbonization journey, aligning with global efforts to mitigate…
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…
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