ACEN and Citicore deliver commercial operations of their 72 MW solar farm Construction of an additional 44 MW second phase is already in full swing The additional capacity helps accelerate the energy transition as ACEN targets to achieve 20 GW of attributable renewables capacity by 2030 29 August 2022 – The 72 MW Arayat-Mexico Solar…
18 August 2022 – ACEN announced today that it and its subsidiary, ACEN Australia, and DBS Bank Australia, executed a Common Provisions Agreement and a Facility Agreement for a AUD 100 million green long-term revolving loan facility. The loan will provide capital financing for ACEN’s eligible green assets in Australia as part of its strategic…
25% growth in second quarter 2022 net income to ₱1.8 billion with the recovery of Philippine operations 11% growth in attributable output to 2,482 GWh with increased operating capacity from Vietnam wind farms and India solar plants Renewables reach 3,400 MW in total attributable capacity 9 August 2022 – ACEN today reports its consolidated net…
The ACEN Board of Directors through its Executive Committee approved the corporate vision and strategy targeting 20 GW of attributable renewables capacity by 2030. This represents 6x growth from 3.4 GW of renewables capacity today, or a 25% compounded annual growth rate up to the end of the decade. ACEN currently has 18 GW of…
ACEN, the Ayala Group’s listed energy platform, approved the divestment of all its shares in its wholly owned subsidiary, South Luzon Thermal Energy Corporation (“SLTEC”), through energy transition financing. The 244 MW coal plant in Calaca, Batangas, is the only coal plant under ACEN’s portfolio. Subject to regulatory approval, the shares will be acquired by ETM Philippines Holdings, Inc. (“EPHI”) and The Insular Life Assurance Company, Ltd. (“InLife”) for an aggregate value of ₱3.7 billion.
Amihan Renewable Energy Corp. (Capa Wind) is the fourth wind farm project of ACEN in Ilocos Norte Capa Wind provided the lowest winning bid for wind supply at a flat rate of ₱3.8583/kWh for 20 years under the first round of GEAP The 70 MW wind farm will generate and supply clean power to more…
Why is the Energy Transition a powerful move in creating a sustainable future?
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…
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