ACEN reports 43% profit decline in 2023
- March 13, 2024
Ayala-led ACEN Corporation reports a decline in the firm’s net income for 2023 at Php 7.4 billion. This represents a 43% reduction compared to the figures from 2022. In a report by...
Ayala-led ACEN Corporation reports a decline in the firm’s net income for 2023 at Php 7.4 billion. This represents a 43% reduction compared to the figures from 2022. In a report by...
With the plan to recover around Php 2.5 billion from the increased coal prices in 2022, ACEN Corporation has issued a notice to Manila Electric Company (MERALCO) seeking a change in circumstance...
In an attempt to strengthen its renewable energy (RE) portfolio in the United States, Ayala Group’s registered energy platform, ACEN Corporation, has acquired a 38 megawatts (MW) wind project. Philippine Star reported...
ACEN Corporation, the Ayala Group’s registered energy platform, is providing its subsidiary, ACEN Cayman, a corporate guarantee supporting loans totaling $320 million. In a disclosure to the Philippine Stock Exchange, ACEN confirmed...
To advance its multiple renewable energy (RE) projects, ACEN Corporation has committed to additional shares totaling Php 12.87 billion in its six subsidiaries. In a disclosure to the Philippine Stock Exchange, ACEN...
The Belenos Energy Corporation, a subsidiary of ACEN Corporation, is set to acquire shares that supply solar power to telecom towers and industrial facilities. In a disclosure to the Philippine Stock Exchange...
Ayala-led ACEN Corporation experienced a 59% surge in profitability nine months into the year, to P6.6 billion, after the equity sell-off in Salak and Darajat geothermal assets in Indonesia. In a report...
ACEN Corporation is considering loaning Php 5.5 billion and a partial credit of Php 1.1 billion from the Asian Development Bank (ADB) to help develop solar photovoltaic (PV) projects in the country....
Ayala-led ACEN Corporation has teamed up with Indonesian firm PT Deweta Magaenergi to look into possible renewable energy projects in Indonesia. In a disclosure to the Philippine Stock Exchange, ACEN said that...
Ayala-led ACEN Corporation is boosting up its wind portfolio with an onshore wind project investment in Laguna and Quezon with a capacity of 335 megawatts (MW). In a disclosure to the Philippine...