COP28: ACEN CEO outlines support for workers affected by energy transition
Our CEO Eric Francia explained ACEN’s long-term plans and support for our workforce who will be part of the coal-to-clean energy transition, at the #COP28 Philippine Pavilion
COP28: ACEN, The Rockefeller Foundation and Monetary Authority of Singapore partner to pilot the use of Transition Credits for the early retirement of coal plants
ACEN, the listed energy platform of the Ayala group, announced its partnership with The Rockefeller Foundation’s Coal to Clean Credit Initiative (CCCI) and the Monetary Authority of Singapore (MAS) to explore a major step towards accelerating the phase-out of coal plants in line with the Paris Agreement.
COP28 Leadership Interviews: ACEN’s energy transition journey
ACEN is the renewable energy platform of the Ayala group. In 2019, Ayala acquired a listed energy platform and thereafter infused its Philippine renewable operating assets and development pipeline. The combination resulted in 532MW of generation portfolio in the Philippines, consisting of a 246MW Coal fired power plants (CFPP), 134MW of various diesel plants, and 152MW…
COP28: ACEN announces membership with Powering Past Coal Alliance (PPCA)
A global alliance to transform energy. At the #COP28, we joined the Powering Past Coal Alliance (PPCA), a growing coalition of countries, businesses and organizations committed to advance the transition away from unabated coal to clean energy. Read more: https://bit.ly/ACEN_PPCA
COP28: ACEN CEO identifies challenges in coal-to-clean energy transition
In the #COP28 energy session co-hosted by the Department of Energy Philippines and the Asian Development Bank, our CEO Eric Francia joined a discussion exploring the prospects and hurdles in executing the energy transition in our country. Speaking for the private sector, Eric said that scaling up renewables needs significant capital from ESG-focused investors and…
CATA’s coal transition journey
At COP26 we announced the Coal Asset Transition Accelerator, or CATA, a philanthropically funded initiative designed to help meet these needs with a particular focus on the role of finance. CATA’s three core partners, the Carbon Trust, Climate Smart Ventures and RMI, aim to drive collaboration and accelerate the development of Coal Transition Mechanisms (CTMs)…
COP28: ACEN CEO on the role of Transition Credits in expediting early coal retirement
At the recent #COP28, our CEO Eric Francia highlighted how Transition Credits can help close the gap in efficiently utilizing the grid in order to supply clean and affordable electricity to the consumers. He also underscored that while pioneering early coal retirement is a tall order, it has to be done in a just and…
COP28: Energy Usec. Fuentebella lauds ACEN for pioneering early coal retirement
#COP28: “The Philippine Department of Energy strongly applauds ACEN in pioneering the voluntary retirement of its 246 MW SLTEC coal plant. This is consistent with our view that it must be voluntary and must make business sense in a power sector like the Philippines that is privately-owned, market driven and un-subsidized,” said Department of Energy…
COP28: ACEN CEO Eric Francia on the role of transition credits in early coal retirement
#COP28: Our CEO Eric Francia, in a discourse with other Coal to Clean Credit Initiative panelists, pointed out that lost generation from early coal phasedown needs to be replaced by clean, reliable, dispatchable and affordable energy so as not to disturb the grid.
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