ACEN and Citicore Renewable Energy Corporation have announced that they have fully energized the 72-megawatt (MW) Arayat-Mexico solar farm in Pampanga in time for the demand surge this summer. The solar farm...
The Institute of Climate and Sustainable Cities (ICSC) has called on the government to take on demand-side management activities to ensure power supply in the upcoming presidential elections, further warning once again...
The Energy Regulatory Commission (ERC) has begun its investigation into the unplanned shutdown of seven power generators that resulted in the Luzon Yellow Alert on Saturday night. Based on a Manila Bulletin...
ACEN’s retail electricity supplier (RES) AC Energy Philippines has registered its first batch of contestable customers under the government’s Green Energy Option Program (GEOP) to ramp up its efforts to onboard qualified...
Ayala-led ACEN, its subsidiary ACE Endevor, and CleanTech Global Renewables have finalized their joint venture (JV) for the development of a 133-megawatt (MW) solar farm in Lal-lo, Cagayan. First disclosed to the...
Luzon was once again placed under a Yellow Alert on Saturday night, as several power plants went on unplanned outages and derated capacities, according to the National Grid Corporation of the Philippines...
The Hongkong and Shanghai Banking Corporation’s (HSBC) Philippine branch has released its first sustainable commercial Letter of Credit (LC) to partially fund ACEN’s 160-megawatt (MW) Balaoi and Caunayan wind farm project in...
As it shifts to an all-renewable energy (RE) portfolio, ACEN posted a 22% increase in its net income to Php5.3 billion in 2021 from Php4.3 billion in 2020. Ayala’s power arm attributed...
Ayala-led ACEN has sold its 32-megawatt (MW) oil-fired Power Barge (PB) 102 in Lapuz, Iloilo City to SPC Power Corporation for Php39.2 million, based on separate disclosures of both firms to the...
Citicore Renewable Energy Corporation (CREC) will be investing around Php70 billion to develop 1,500 megawatts (MW) worth of renewable energy (RE) projects over the next five years. The projects, according to CREC...
