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.
Nickel Asia Corp. (NAC) has completed its USD30-million acquisition of a 20 percent interest in a Kazakhstan copper operation, expanding beyond nickel and giving the Philippine-listed miner exposure to an existing producing asset.
Moody’s Ratings has assigned DigiPlus Interactive Corp. a first-time B1 corporate family rating with a stable outlook, citing its leading position in Philippine online gaming and strong balance sheet despite regulatory and competitive risks.
PLDT Inc. has reaffirmed its commitment to delivering open, credible, and tech-enabled elections as it joined the launch of the PPCRV-AMA Command Center, set to run the unofficial parallel count for the first regular Parliamentary Elections in the Bangsamoro Autonomous Region in Muslim Mindanao.