ACEN Australia secures AUD750M in green financing backed by global lenders
ACEN Australia, a subsidiary of Philippine-listed energy firm ACEN Corp., has secured AUD750 million in debt financing, marking one of the largest green financing deals for renewables in the country to date. The transaction will support both the refinancing of operating assets and the development of new renewable energy projects across Australia.
WawaJVCo powers up pumping station with PrimeRES Deal
WawaJVCo, a subsidiary of Prime Infrastructure Capital Inc. (Prime Infra), has contracted PrimeRES Energy Corp. to supply retail electricity to the Upper Wawa Pumping Station, marking a milestone in the Wawa Bulk Water Supply Project.
SMC power arm backs P50B loan for Bataan Power
San Miguel Global Power Holdings Corp., the energy subsidiary of conglomerate San Miguel Corp. (SMC), has stepped in as sponsor and security grantor for a massive omnibus loan and security agreement worth up to ₱50 billion, benefiting its affiliate Mariveles Power Generation Corp.
CLI grows 2024 net income by 8%, doubles project pipeline for 2025
Cebu Landmasters Inc. (CLI), a leading regional property developer, reported an 8 percent rise in net income for 2024, reaching ₱3.01 billion from previous year’s ₱2.79 billion, driven by sustained demand across the Visayas and Mindanao.
Phinma Corp. income drops despite revenue growth
Phinma Corp. reported a 37 percent decline in net income to ₱936.87 million in 2023, down from a restated ₱1.5 billion the previous year, primarily due to weaker sales in its property unit and one-off accounting adjustments, the company said on Tuesday.
