ACEN expands solar capacity
MANILA, Philippines — AC Energy Corp. (ACEN) is expanding its solar capacity with a partnership with the Singapore unit of German ib vogt.
ACEN firms up sale of 2 power barges
MANILA, Philippines — AC Energy Corp. (ACEN) has firmed up the sale of two of its aging diesel-fired power barges to SPC Island Power Corp.
ACEN in acquisition binge, buys out partners in RE projects
AC Energy Corp. (Acen) is buying out more assets from partner UPC Group, with P5.6 billion worth of transactions related to the latter’s interest in three wind farms in the Philippines.
ACEN secures P13.7 billion funding for Batangas power plant
ACEN Corp. has secured up to P13.7-billion in energy transition financing with the Bank of Philippine Islands (BPI) and Rizal Commercial Banking Corp. (RCBC) for its 2×135-megawatt (MW) coal-fired power plant in Calaca, Batangas.
ACEN spending up to P70 billion this year as earnings grow
MANILA, Philippines — ACEN Corp. is preparing to spend P50 billion to P70 billion in capital expenditures this year to continue growing its renewable energy portfolio.
ACEN’s Batangas coal plant to shift to clean technology
ACEN Corp., the energy platform of the Ayala Group, is set to pursue the Energy Transition Mechanism (ETM) to convert its 2×135-megawatt (MW) coal-fired power plant in Calaca, Batangas to cleaner technology.
ACEN’s Visayas power plants: Leading the way in renewable energy
From the Negros region to Guimaras Province, ACEN’s four renewable energy plants in Visayas provide a peek into the sustainable ecosystem that the company aims to embody throughout the Philippines. These wind and solar plants have proven to be a significant contributor in the expansion of the company’s renewables footprint, while exhibiting excellence in operational […]
Act on all pending solar project applications, DoE urged
Sen. Sherwin Gatchalian, chairman of the Senate Committee on Energy, today called on the Department of Energy to immediately act on all pending solar project applications, emphasizing that a mechanism is already in place that streamlines the permitting process for both foreign and domestic investors.
ADB grants $250-M loan for Philippines’ climate change efforts
Manila-based multilateral lender Asian Development Bank (ADB) on Tuesday said it has approved a $250 million policy-based loan aimed at supporting the Philippine government’s climate change adaptation and mitigation efforts.
ADB studying feasibility of acquiring, retiring coal plants in PHL
THE Asian Development Bank (ADB) said it is in the final stages of conducting pre-feasibility studies on coal plant acquisition and retirement in three Southeast Asian countries, including the Philippines.