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…
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…
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