Tag: Ayala Group

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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.

ACEN Australia secures access rights to energy zone

ACEN Corp., the green energy arm of the Ayala Group, said its wholly-owned unit, ACEN Australia, has secured access rights to the Central West-Orana Renewable Energy Zone (CWO REZ) for projects in New South Wales, which includes power generation from solar and wind energy.

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

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.

ACEN starts building 300MW solar farm in Zambales

ACEN, the listed energy platform of the Ayala Group, will increase its power generation capacity with the development of a new 300-megawatt solar farm, called Palauig 2 Solar, in Zambales at a cost of P16 billion.

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Another round of steep fuel price hikes expected this week

Local fuel retailer Jetti Petroleum has warned that another significant increase in pump prices for gasoline and diesel is set to take place this week.

SEC adopts updated financial reporting standards

The Securities and Exchange Commission has formally adopted the latest set of financial reporting pronouncements to ensure the country’s reporting framework keeps pace with changing global accounting standards and growing demands for sustainability-related disclosures.

SEC pushes sukuk as new funding option, unveils rules to grow Islamic finance

The Securities and Exchange Commission is set to raise awareness of sukuk as an alternative way for businesses and projects to raise funds, as it works to develop the country’s Islamic finance sector and encourage more Shari’ah-compliant investment products.

SB19 turns global fame into Philippine tourism draw

There was a time when travel brochures did the heavy lifting. Today, a viral music video, a sold-out concert and an army of devoted fans can inspire plane tickets faster than any postcard ever could.

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