Collaboration to provide training and support to local farmers, enhancing the market value of their produce Partnership to optimize responsible land use by growing suitable crops within ACEN’s renewable energy projects in the Philippines Launch of the Agro-Circularity in Renewable Energy (ACRE) program to advance ACEN’s agro-circular economy efforts within host farming communities 21 June…
8 May 2024 – ACEN, the listed energy platform of the Ayala group, today reports that its consolidated net income rose 34 percent to Php2.7 billion for the first quarter of 2024. The significant uplift in the company’s financial performance comes on the back of a 49 percent rise in attributable renewable energy output. Financial…
ERIC FRANCIA PRESIDENT’S REPORT ACEN CORPORATION | 2024 ANNUAL STOCKHOLDERS’ MEETING April 24, 2024 Fellow shareholders, my colleagues on the board and management, good morning to all of you. 2023 saw some reprieve from the global energy crisis, with fuel prices coming off from historic highs. With that said, energy demand continues to grow, and…
DELFIN LAZARO CHAIRMAN’S MESSAGE ACEN CORPORATION | 2024 ANNUAL STOCKHOLDERS’ MEETING April 24, 2024 Dear fellow shareholders, We are pleased to report that 2023 turned out to be another strong year for your company. We saw significant growth in financial performance and added over 700 MW of attributable renewables capacity in 2023. With over 4.7…
New analysis led by RMI assesses the climate impact of closing a Philippines coal plant 10 years early and replacing it with renewable energy, via the Coal to Clean Crediting Initiative (CCCI) SINGAPORE | 17 April 2024 — ACEN Corporation and The Rockefeller Foundation announced today that the first Coal to Clean Credit Initiative (CCCI)…
15 April 2024 – ACEN, through its subsidiary ACEN Renewables International (ACRI), has signed a US$150 million green term loan facility with Sumitomo Mitsui Banking Corporation Singapore Branch (SMBC). This strategic financial move is in line with ACEN’s ongoing efforts to finance investments in renewable power projects across the region. The green term loan, with a…
26 March 2024 – ACEN, through its Palauig Solar projects, demonstrated its unwavering support to education and community development after donating a total of ₱29 million to fund the construction of 14 classrooms in Rofulo M. Landa High School – extension campus in Brgy. Bulawen, Palauig, Zambales. ACEN president and CEO Eric Francia joined Zambales…
20 March 2024 – ACEN RES, the retail electricity supply unit of the Ayala group, has forged a strategic partnership with Philippine telecommunications leader PLDT Inc. (PLDT), committing to power 33 of PLDT’s facilities nationwide with 100% renewable energy. This initiative is a concrete step in PLDT’s decarbonization journey, aligning with global efforts to mitigate…
Power Purchase Agreement (PPA) to offtake renewable electricity generated from Stage 1 of ACEN Australia’s New England Solar project in NSW The eight-year agreement provides SmartestEnergy with an offtake of 25% of the output of the 400 MW Stage 1 project Through the partnership, electricity consumption can be reduced that could otherwise be sourced at…
Reported net income decreased 43 percent due to a significant reduction in non-cash items from 2022 Taking out the impact of non-cash items, ACEN’s profitability increased 150 percent year over year, driven by a threefold growth in core operating earnings Attributable EBITDA grew 31 percent to ₱18.8 billion with growth in capacity across multiple markets…
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