Tag: ACEN

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ACEN boosts renewables with Cagayan North Solar project

Energy & Mining Context.ph Context.ph -
ACEN Corp., the Ayala group’s listed energy platform, is expanding its renewable footprint in North Luzon with the 133-megaWatt Cagayan North Solar project in Lal-lo, Cagayan. 

ACEN unit powers Mapúa Malayan full renewable shift

Social Responsibility & Sustainability Context.ph Context.ph -
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.

ACEN joins Denmark’s CIP in offshore wind power venture

Energy & Mining Context.ph Context.ph -
ACEN Corp., the Ayala Group’s listed energy platform, has signed definitive agreements to acquire a 25 percent minority stake in the planned 1-gigawatt offshore wind project in Camarines...

Telecom, energy units weigh down Ayala 1Q earnings

Corporate Context.ph Context.ph -
Ayala Corp., the diversified holding company of the Ayala Group, reported a 3.7 percent decline in net income to P12.6 billion in the first quarter, weighed down by one-off items and weaker contributions from its telecom and energy units.

ACEN profit drops 28% on lower generation, weaker market prices

Corporate Context.ph Context.ph -
ACEN Corp. reported a 28 percent year-on-year decline in its first-quarter consolidated net income attributable to equity holders, falling to ₱1.95 billion from ₱2.72 billion in the same period of 2024. The slump was driven by lower generation output and declining prices in the Philippine Wholesale Electricity Spot Market (WESM), the company said Thursday.
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SSS, RCBC team up to widen digital microloans

Banking & Insurance 0
The Social Security System (SSS) and Rizal Commercial Banking Corp. have signed a memorandum of understanding to expand digital access to short-term credit, rolling out the pension fund’s LoanLite facility through RCBC’s mobile platform.

Luzon Grid under yellow alert due to power plant outages

Energy & Mining 0
The Luzon power grid was placed under a yellow alert from 4 p.m. to 10 p.m. on Thursday, April 16, due to several power plants going offline.

Jollibee wins Korea nod for Shabu All Day

Corporate 0
Jollibee Foods Corp., the Philippines’ largest fast-food chain, said it has secured regulatory approval in South Korea for its planned acquisition of All Day Fresh Co., Ltd., the company behind the “Shabu All Day” hot pot chain, marking a key step in expanding its presence in one of Asia’s most competitive dining markets.

PAL expands US network with new non-stop service to Chicago

Transport & Logistics 0
Philippine Airlines (PAL) will launch a new nonstop flight between Manila and Chicago starting November 9, expanding its network in the United States. Chicago becomes PAL’s eighth U.S. and U.S. territory destination, alongside Honolulu, Los Angeles, San Francisco, Seattle, New York, Guam, and Saipan.

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