Tag: Ayala Group

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ACEN helps fund major Zambales solar farm expansion

Energy & Mining Context.ph Context.ph -
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

Corporate Context.ph Context.ph -
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

Energy & Mining 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.

ACEN starts building 300MW solar farm in Zambales

Energy & Mining Context.ph Context.ph -
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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Mixed fuel price adjustments for second straight week: lower diesel, higher gasoline and kerosene 

Energy & Mining 0
For the second week in a row, Filipinos will see mixed changes in fuel prices starting Tuesday. The Department of Energy confirmed Monday that gasoline will go up by P1.56 per liter and kerosene by P1.77 per liter, while diesel will drop by a bigger P3.01 per liter. As of Tuesday morning, only Seaoil has officially announced these new rates, matching the adjustments noted by the DOE. Last week, gasoline rose P1.93 per liter, kerosene P3.30 per liter, and diesel dipped P1.30 per liter.

DICT chief Aguda vows smooth transition amid resignation, continuity of digital programs ensured

Communications & Technology 0
Department of Information and Communications Technology (DICT) Secretary Henry Aguda has committed to a seamless handover following his resignation, assuring the public that key digital programs and department operations will continue without disruption.

ERC approves Negros Power’s P3.73B investment plan to boost power services

Energy & Mining 0
The Energy Regulatory Commission (ERC) has given the green light to Negros Electric and Power Corp.’s (NEPC) P3.73 billion capital expenditure program from 2024 to 2026, paving the way for major upgrades across its service areas in Central Negros.

Philippines targets $57 million agri-investments at Rome forum

Agriculture 0
The Philippines is pitching for more than $57.4 million in new investments across five key farm and food sectors at this week’s Hand-in-Hand Initiative Investment Forum in Rome, according to the Food and Agriculture Organization (FAO). The push builds on the country’s first national investment forum held in March, and marks a major shift toward drawing in private and international financing instead of relying only on traditional aid.

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