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.
10 November 2022 – Renewables developer ACEN Australia has executed key contracts and announced that a final investment decision on the 400 MW (520 MWdc) Stubbo Solar project has been made, allowing the project to fully proceed. This follows on from the signing of the connection agreement with Lumea and execution of a PV module…
8 November 2022 – ACEN, the listed energy platform of the Ayala group, today reports that its consolidated net income for the third quarter of 2022 rose 23% YoY to PhP1.9 billion. This brings net income booked from January to September to PhP4.1 billion, down just 4% from the same period last year, as strong…
Full completion of the world’s first market-based Energy Transition Mechanism (ETM) transaction, which will enable the early retirement of the 246 MW SLTEC coal plant and its transition to cleaner technology
New collaboration supports “rapid but careful” energy transition 04 November 2022 – Today, at the UN Climate Change Conference (COP26), Laurence Tubiana, CEO of our partner the European Climate Foundation, introduced an exciting new collaboration: the Coal Asset Transition Accelerator (CATA). We are proud to support this initiative, which aims to speed up a fair…
28 October 2022 – Renewables developer ACEN and the CEFC have joined forces to develop large-scale clean energy assets across Australia, powered by a $75 million CEFC investment that will accelerate an 8 GW clean energy portfolio that includes solar, wind, battery and pumped hydro. The CEFC finance is part of an ACEN Australia debt…
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…
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