While everyone was focused on the ongoing COP27 in Sharm El-Sheikh, a breakthrough in energy transition financing happened in Asia on November 8 with the completion of the first-ever energy transition mechanism (ETM) by a small power plant in the Philippines that can be the model for other private sector ETM transactions.
Today, our CEO, Eric Francia, talked to Bloomberg about the early retirement of our SLTEC coal plant, the tremendous demand of green financing among investors, and ACEN’s renewable energy developments in the region. #RenewableEnergy #EnergyTransition [Watch full interview]
ACEN President and CEO, Eric Francia, sat down with CNBC Asia’s Squawk Box anchors Martin Soong and Sri Jegarajah to talk about the strong support of investors to ACEN’s ASEAN green bond issuance, how the fresh capital will support the company’s renewable energy investments across the region, and the ESG initiatives that are embedded in…
ACEN shares its success story as a future maker together with SAP 21 September 2022 — MANILA, Philippines — The call for concerted efforts to ensure a sustainable future continues to generate significant strides as people and organizations become more aware of its importance. Nowadays, for instance, more and more companies are joining the sustainability…
The distinction spans twelve of ACEN’s power plants in the Philippines Highlights compliance by ACEN’s Retail Electricity Supply group of applicable DOE regulations on the RCOA program In leading the energy transition, ACEN commits to efficient and transparent energy market service while ensuring reliable and sustainable power supply 28 September 2022 – In a recent…
ACEN has issued its maiden peso ASEAN Fixed-Rate Green Bonds, now listed on the PDEx The ₱10.0-billion ASEAN Green Bond due 2027 has a fixed interest rate of 6.0526% per annum for a five-year tenor The Green Bonds were 8.6 times oversubscribed, reflecting strong participation from leading institutional investors Sustainalytics provided a second-party opinion; PhilRatings…
21 September 2022 – ACEN, the listed energy platform of the Ayala Group, was recognized as the Most Outstanding Company in the Philippines in the energy sector of the recently concluded Asiamoney 2022 Asia’s Outstanding Companies Poll. This is the second consecutive year that ACEN received the accolade. The poll acknowledges publicly listed companies in the…
19 September 2022 – ACEN Australia and MUFG, Sydney Branch executed a Facility Agreement and an Accession Letter (to include MUFG as a Lender under the Common Provisions Agreement) for an up to AUD 140 million green long-term loan facility. As part of ACEN’s strategic aspiration to grow its renewables capacity to 20 GW by…
ACEN receives SEC Order of Registration and Permit to Offer Securities for Sale for its issuance of ₱10-billion Green Bonds The maiden peso Green Bond issuance boosts the number of available sustainable investments in the Philippine debt capital markets Proceeds from the bonds will be used for three major solar farms with a total gross…
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