08 May 2025 – ACEN, the renewable energy arm of the Ayala group, recorded consolidated net income of ₱1.95 billion for the first quarter of 2025, 28 percent lower year-on-year. Attributable renewables output across ACEN’s portfolio grew 3 percent overall to 1,680 GWh, supported by generation from new plants operationalized in 2024, as well as…
SINGAPORE | May 7, 2025 ― The Rockefeller Foundation announced its latest efforts to accelerate access to clean, affordable energy in vulnerable communities living near coal-fired power plants in developing countries, as part of its Coal to Clean Credit Initiative (CCCI). During Ecosperity Week in Singapore, the Foundation’s partner ACEN Corporation, announced a new collaboration with GenZero,…
7 May 2025 — Mitsubishi Corporation (Mitsubishi) and its subsidiary, Diamond Generating Asia, Limited (DGA), have joined ACEN, GenZero, and Keppel Ltd. (Keppel) in exploring a potential collaboration, through a pioneering effort that leverages the Transition Credits mechanism, for the early retirement and replacing the generation output of a 246 MW coal-fired power plant in…
Singapore, 6 May, 2025 – A major breakthrough in carbon markets and climate finance was unveiled today at the Ecosperity conference with the launch of the first-ever carbon crediting methodology designed to enable the early retirement of coal power plants and their replacement with renewable energy. The methodology was developed under the Coal to Clean Credit…
By Gabrielle See | Eco-Business Verra, the world’s largest carbon credits certifier, has finalised a methodology for generating a novel class of carbon credits from retiring coal plants early and replacing them with renewables, also known as transition credits. The new rules, which had undergone two rounds of public consultation since 2023, quantify the emissions reductions from early…
WASHINGTON May 6, 2025 — Verra has launched a cutting-edge methodology that enables the early retirement of coal-fired power plants and supports their replacement with new renewable energy. This paves the way for the clean generation of high-integrity transition credits, while ensuring that this transition is just, delivering social and economic support to affected workers and…
A responsible energy transition must remain at the core of global efforts to meet growing electricity demand. In a sit-down interview with Salve Duplito and Ron Cruz on ANC’s Business Outlook, our CEO Eric Francia stressed that while expanding energy capacity is urgent, it cannot come at the expense of decarbonization. “The danger of just…
How will ACEN power up its next phase of growth? On One News’ Money Talks with Cathy Yang, our CFO and chief strategy officer Jonathan Back explained ACEN’s ₱30 billion stock rights offering (SRO) and how it can raise fresh capital to fuel our renewables expansion plans across the Philippines, Australia, Vietnam and India. Jonathan…
15 April 2025, Sydney, Australia – ACEN Australia has completed the AUD750 million portfolio debt financing of its operating renewables assets and financing for new projects in Australia, cementing the company’s position as a long-term investor in Australia’s clean economy. The transaction supports the financing of ACEN Australia’s near-complete 520 MWdc (400 MWac) Stubbo Solar…
7 April 2025 – The Sleep Specialist Uratex, the Philippines’ leading sleep specialist and foam and mattress manufacturer, has significantly amplified its commitment to sustainability by transitioning four additional facilities to 100% renewable energy through ACEN RES, the retail electricity arm of the Ayala group. This achievement was celebrated with the unveiling of the “Powered…
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