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 Department of Energy (DOE) announced 11 companies with 14 total projects qualified for the special Green Energy Auction (GEA) round for waste-to-energy (WTE) facilities.
Treasury bill yields rose across all maturities at Monday’s auction as the Bangko Sentral ng Pilipinas’ recent rate hike pushed borrowing costs higher and investors braced for the possibility of further monetary tightening.
The Department of Transportation (DOTr) and the Villar Group are set to sign a Memorandum of Agreement on September 10, 2026, a key step toward securing access to a critical property needed for the Las Piñas station of the LRT-1 Cavite Extension Project.
The Philippine economy continues to show strong stability despite global headwinds, backed by steady trade, cash remittances, and a well-capitalized banking system, according to the latest review by the ASEAN+3 Macroeconomic Research Office (AMRO).