Revenues rose 29% to ₱7.4 billion, but short-term headwinds led to a 68% decline in net income New strategic partnerships to boost long-term capacity toward aspiration to become largest renewables player in the region 11 May 2022 – ACEN, the listed energy platform of the Ayala Group, disclosed today that its consolidated revenues for the…
Why is the Energy Transition a powerful move in creating a sustainable future?
26 April 2022 – ACEN, the Ayala group’s listed energy platform, announced the board approval on the company’s plans to enter the United States renewable energy market through a newly formed strategic partnership with UPC Solar & Wind Investments LLC (UPC) and Pivot Power Management (PPM) to pursue opportunities to acquire operating wind projects in…
Achieving our 5,000 MW target requires strength and stamina, and at this morning’s Annual Stockholders’ Meeting, our Chairman, Fernando Zobel de Ayala, spoke about ACEN’s notable initiatives to strengthen its balance sheet and augment its cash position. “In 2021, ACEN successfully raised around ₱48 billion. In January of the same year, we completed our stock…
During ACEN’s recent Annual Stockholders’ Meeting, our CEO, Eric Francia, talked about the company’s resilience to keep the lights on and build new capacity, notwithstanding the limitations and challenging conditions. These vigorous efforts resulted in a robust performance for the year – a net income of ₱5.3 billion representing a 22% growth versus the previous…
ACEN, the Ayala group’s listed energy platform, successfully signed an Amended and Restated Omnibus Loan and Security Agreement for its wholly-owned subsidiary, South Luzon Thermal Energy Corporation (SLTEC) with Bank of Philippine Islands and Rizal Commercial Banking Corporation as lenders.
• In less than a year after breaking ground, the 72 MW Arayat-Mexico solar farm started to export power to the grid • A critical addition to the Luzon grid, in time for the resurgence in power demand • 105 GWh of renewable energy to be produced annually can power 45,000 households March 31, 2022…
New joint venture will develop large scale solar projects in the Asia Pacific region ACEN expects to invest up to US$ 200 million in equity investment in addition to debt funding 1,000 MW of renewables capacity at the minimum is set to be developed in the coming years, with potential for further expansion 4 April…
ACEN successfully registered its first batch of customers to the Green Energy Option Program (GEOP) Energy will be sourced from ACEN’s portfolio of operating solar and geothermal plants in the Philippines ACEN leverages on the government’s enabling policies to help realize the full potential of renewables in the country March 29, 2022 – ACEN,…
ACEN and CleanTech finalize agreements for solar farm joint venture The joint venture will proceed to begin construction of the 133 MW solar and transmission line in Lal-lo, Cagayan to help accelerate the country’s renewables growth The project is scheduled to be operational by early 2023, and will generate clean energy to supply to approximately…
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