ACEN
ACEN, the listed energy platform of the Ayala Group, has over 3,800 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia. Its renewable share of capacity is at 87%, among the highest in the region.
See below for the Latest ACEN News, Analysis, Profit Results, Share Price Information, and Commentary.
Philippines’ ACEN net income climbs 25% in Q2
Its net income stood at P1.8b during the quarter.
ACEN green lights final tranche of energy transition financing
The company will divest its shares in SLTEC for P3.7b.
ACEN to offer Peso-denominate green bonds
The proceeds from the $177.8m bonds will be used for its three solar projects.
ACEN to issue P30b bonds to fund RE projects
Initial proceeds will fund the Arayat-Mexico Solar Power expansion project amongst others.
ACEN, ENEX cancel property-for-share swap agreement
The companies cited challenging economic conditions for the cancellation.
ACEN, Power Factors partner for 5,000MW RE development in Southeast Asia
The company has set a net zero target by 2050.
ACEN Australia begins 50MW battery storage development
This will be connected to the New England Solar Farm in New South Wales.
ACEN, Puri Usaha Group form JV for RE projects in Indonesia
The Surgayen platform intends to work on the cross-border project between Indonesia and Singapore.
Philippines’ ACEN net income falls 68% YoY to $7.7m in Q1
This is due to the higher costs of purchased power in the spot market.
Philippines’ ACEN to enter US renewable energy market
It has partnered with UPC Solar & Wind Investments and Pivot Power Management.
ACEN signs $262.8m loan agreement for SLTEC
Proceeds of equity redemption will be reinvested into renewable energy projects.
Arayat-Mexico solar farm to export power to the Luzon grid
This is in time for the demand surge during the Philippines’ summer season.
ACEN, ib vogt to establish asset platform for solar projects in Asia
The platform has a minimum operation capacity of 1,000MW.
ACEN, CleanTech form JV for 133MW solar farm in the Philippines
The project is expected to be operational by early 2023.
Philippines’ ACEN net income jumps 22% YoY to $101.6m in 2021
It plans to invest around $1.1b to expand its renewables portfolio.
ACEN turns on Philippines’ first hybrid solar, energy storage facility
The Alaminos Solar and Storage hybrid facility has a 40MW capacity.
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