ACEN Corporation President and CEO Eric T. Francia highlighted the company’s transformation from a coal-heavy portfolio to a renewables-focused leader, underscoring the importance of bold pivots and innovative financing in achieving a...
Mitsubishi Corporation and Diamond Generating Asia (DGA) have partnered with ACEN, GenZero, and Keppel to accelerate the retirement of a 246 MW coal-fired power plant in the country, leveraging Transition Credits to...
ACEN Corporation plans to invest USD 1.5 billion in a massive solar farm and energy storage system as part of its ongoing renewable energy expansion. In a report by Inquirer, ACEN senior...
ACEN Corporation believes that transition credits can play a critical role in facilitating the early retirement of coal plants and their replacement with renewable energy (RE). In a report by Manila Standard,...
ACEN, along with GenZero and Keppel Ltd., has signed a Memorandum of Understanding (MOU) to explore innovative financial mechanisms, such as Transition Credits (TCs), to facilitate the early decommissioning of the South...
Ayala-led ACEN Corporation has fully divested from the South Luzon Thermal Energy Corp. (SLTEC), its remaining coal-fired power plant through an energy transition mechanism (ETM). In a disclosure to the Philippine Stock...
Ayala-led ACEN said it posted a consolidated net income of Php405 million for the first quarter of 2022, 68% lower than the Php1.27 billion recorded in the same period last year. The...
The country has enough supply to power through the elections on May 9, with or without unplanned outages from power plants, based on data from the Independent Electricity Market Operator of the...
Ayala-led ACEN has secured a Php13.7 billion loan to fund the transition of its 270-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant in Calaca, Batangas. In a statement on Monday,...
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...
