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.
VinFast Philippines is strengthening its foothold in the country’s growing electric vehicle (EV) market by expanding its dealership and after-sales network, betting that easier access to service, parts, and charging will help drive wider adoption.
The Philippine Deposit Insurance Corp. (PDIC) has been recognized by the Bankers Institute of the Philippines (BAIPHIL) as one of its most active member institutions, underscoring the deposit insurer’s support for professional development and a stronger Philippine banking industry.
Visa and USSC Money Services Inc. (UMSI) are taking digital payments deeper into the Philippine MSME market with a smartphone-based solution that lets small businesses accept card payments without buying a traditional point-of-sale terminal.