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Saturday, 31 May 2025, 9:36 pm

    Tag: ACEN

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    ACEN secures P34.41B Loan for Quezon-Laguna wind farm

    Energy Context.ph Context.ph -
    ACE Corp., the renewable energy arm of the Ayala Group, announced that its subsidiary, GIGA ACE 6 Inc., has secured a loan of up to P34.41 billion to finance its 344.5-megawatt onshore wind power project, which spans towns in Quezon and Laguna.

    ACEN Corp. sets aside P660M for land acquisition via BCHC subsidiary

    Corporate Context.ph Context.ph -
    ACEN Corp., a listed renewable energy (RE) developer, has entered into a subscription agreement with subsidiary firm Buendia Christiana Holdings Corp. (BCHC), committing P660 million in investments. This involves the purchase of 660,000 common shares and 5,940,000 redeemable preferred shares (RPS) from BCHC, a special purpose vehicle created to manage land acquisition for ACEN’s growing portfolio of power projects.

    ACEN post 27% income growth, fueled by higher generation, expansion

    Corporate Context.ph Context.ph -
    ACEN Corp., the renewable energy arm of the Ayala group, reported net income in 2024 surging 27 percent to P9.36 billion, fueled by higher generation from new renewable energy plants, a strategic expansion program, and a 25 percent increase in attributable renewable output, totaling 5,596 GWh.

    ACEN completes acquisition of Australia renewables project

    Energy Context.ph Context.ph -
    ACEN, the renewable energy arm of the Ayala Group, said Thursday that its subsidiary, ACEN Renewables International,  has completed the acquisition of the Australia development platform, UPC Renewables Asia Pacific Holdings.

    ACEN Building 60MW Solar Farm In Pangasinan, Takes Stake In SP New Energy

    Energy Context.ph Context.ph -
    ACEN, the listed energy company of the Ayala Group, will soon begin building the 60-megaWatt Pangasinan Solar farm, the listed power firm’s first development in the province and the second solar farm to start a major construction this year.
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    Lopez-led First Gen holds annual stockholders’ meeting and board elections

    Corporate Bulletins 0
    First Gen Corp. chairman and CEO Federico R. Lopez (second from left) shares a light moment with four other members of the company’s board after their re-election during the company’s annual stockholders’ meeting on 29 May 2025. With him are (from left) director Manolo Michael T. De Guzman, president and COO Francis Giles B. Puno,  and independent directors Alicia Rita L. Morales and Edgar O. Chua. Not in photo are re-elected directors Richard Raymond B. Tantoco, Manuel L. Lopez Jr., Elvira L. Bautista and Maria Presentation L. Abello, as well as new independent director Manuel I. Ayala. First Gen is a leading independent power producer in the Philippines. It operates a diverse portfolio of 32 power plants with a total installed capacity of 3,639 megawatts at the end of 2024. These facilities generate power across the Luzon, Visayas, and Mindanao grids, supporting the country’s energy needs.

    DA steps up effort to modernizes livestock, feed sectors

    Agriculture 0
    The Department of Agriculture (DA) is intensifying efforts to modernize and safeguard the country's livestock, feed mill, and gamefowl industries, Agriculture Secretary Francisco P. Tiu Laurel Jr. said Thursday, in line with President Ferdinand Marcos Jr.’s goal of achieving food security and rural development.

    Credit growth moderates as liquidity expansion cools

    Top News 0
    Bank lending growth continued to moderate in April, mirroring a deceleration in domestic liquidity, according to the Bangko Sentral ng Pilipinas (BSP), which reaffirmed its commitment to maintaining monetary conditions aligned with price and financial stability objectives.

    ACEN unit powers Mapúa Malayan full renewable shift

    Social Responsibility & Sustainability 0
    Mapúa Malayan Colleges Laguna (Mapúa MCL) has fully shifted its entire Cabuyao, Laguna campus to renewable energy through a partnership with ACEN Renewable Energy Solutions (ACEN RES), reinforcing its commitment to sustainability and climate action.

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    Meralco powers energy transition with grid modernization push

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    In a bold move underscoring its leadership in the Philippines’ energy transition, the Manila Electric Company (Meralco), led by business titan Manuel V. Pangilinan, is spearheading a comprehensive grid modernization initiative aimed at integrating distributed energy resources (DERs) seamlessly into its power distribution network.
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    Lopez-led First Gen holds annual stockholders’ meeting and board elections

    0
    First Gen Corp. chairman and CEO Federico R. Lopez (second from left) shares a light moment with four other members of the company’s board after their re-election during the company’s annual stockholders’ meeting on 29 May 2025. With him are (from left) director Manolo Michael T. De Guzman, president and COO Francis Giles B. Puno,  and independent directors Alicia Rita L. Morales and Edgar O. Chua. Not in photo are re-elected directors Richard Raymond B. Tantoco, Manuel L. Lopez Jr., Elvira L. Bautista and Maria Presentation L. Abello, as well as new independent director Manuel I. Ayala. First Gen is a leading independent power producer in the Philippines. It operates a diverse portfolio of 32 power plants with a total installed capacity of 3,639 megawatts at the end of 2024. These facilities generate power across the Luzon, Visayas, and Mindanao grids, supporting the country’s energy needs.
    Agriculture

    DA steps up effort to modernizes livestock, feed sectors

    0
    The Department of Agriculture (DA) is intensifying efforts to modernize and safeguard the country's livestock, feed mill, and gamefowl industries, Agriculture Secretary Francisco P. Tiu Laurel Jr. said Thursday, in line with President Ferdinand Marcos Jr.’s goal of achieving food security and rural development.
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