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 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, 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, 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.
The University of the Philippines College of Law Class of 1976 will mark its golden jubilee on Friday with an unusual anniversary gift: a Supreme Court victory in its decades-long fight against political dynasties.
Ayala Corp. reported a 6 percent decline in core net income for the first nine months of the year, as softer earnings in its traditional property and banking businesses were tempered by steady telecommunications profits, stronger energy contributions, and rapid revenue growth across its emerging healthcare and electric vehicle ventures.
Approved investments of the Philippines’ three largest investment promotion agencies rose 39 percent to P1.4 trillion in January to October 2026, with the Board of Investments accounting for nearly two-thirds of the increase.
The Bases Conversion and Development Authority (BCDA) has remitted P11.5 billion to the national government this year, up 173 percent from last year, giving the government more money for public services while easing the burden on taxpayers, Finance Secretary Frederick Go said.