Energy & Mining
ACEN profit rises on output recovery, one-off gains
ACEN Corp., the renewable energy arm of Ayala Group, posted consolidated net income of P2.9 billion for the first quarter of 2026, up 50 percent year-on-year, driven by higher renewable generation, improving international operations, and a series of non-recurring gains.
Nickel Asia rides price shifts, expands beyond nickel
Nickel Asia Corp. reported lower first-quarter earnings as weaker shipment volumes and global volatility weighed on results. The listed mining company, however, struck a confident tone on improving nickel fundamentals and its diversification.
ACEN helps fund major Zambales solar farm expansion
ACEN, the listed renewable energy arm of the Ayala Group and one of the fastest-growing renewable energy platforms in Asia-Pacific, has extended up to P4 billion in short-term financing to wholly owned subsidiary Sanmar Solar Inc. to support the expansion of a large-scale solar facility in Zambales.
DOE, French firm push hydrogen power in PH
The Department of Energy (DOE) and French firm Hydrogène de France Energy are optimistic about using hydrogen for cleaner energy generation in the Philippines.
ACEN Australia unit reaches financial close for solar project
ACEN Corp. said its Australian subsidiary, Yindjibarndi Energy Corp. (YEC), has secured financial close for the Jinbi solar project in the Pilbara region, allowing construction to begin.
